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 complicated and expanded the scope of the ongoing stream of events.
Taking a step back to chart the path of Live Well’s closure may be necessary for some when just considering how much has already taken place. To that end, RMD has compiled the story as it is so far concerning the abrupt closure of Live Well Financial: how it happened, what the company’s exit has done to the reverse
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