Live Well Financial ceases operations – Pacific Business News

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The events come one month after another locally based company shut its doors unexpectedly. In early May, Southside-based Live Well Financial began shutting down operations after filing a notice with the Virginia Employment Commission the same day it notified its employees.

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Once one of the top 10 reverse mortgage lenders by volume, the closure of Live Well Financial was as swift as it was unexpected. While the dust has yet to completely settle on this story, numerous legal proceedings extending out of the closure and ongoing investigations by financial regulators and federal law enforcement have further [.]

Live Well Financial ceases operations The Department of Commerce and Consumer Affairs, Honolulu Division of Financial Institution, announced last Tuesday that the Virginia-based reverse mortgage lender, Live Well Financial Inc., ceased business operations as of May 3.

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1 day ago · The U.S. operations of the Class I railroads had fewer employees on their company rosters in July, continuing a downward trend that has been going on for years. In mid-July, headcount totaled 140,703 employees at U.S. Class I rail operations, according to data compiled by the Surface Transportation Board. U.S. rail headcount fell 4.6 percent.

A reverse mortgage lender that ceased operations in May has been forced into involuntary bankruptcy.. Financial Services to force Virginia-based Live Well Financial into Chapter 7 liquidation.

Income from continuing operations in this year’s fourth quarter. such as adverse economic or market conditions, as well as our financial performance and the cash needs of our business in the future.