Items Tagged with 'Flagstar'

ARTICLES

  • Live Well Financial forced into involuntary bankruptcy

    Judge grants creditors' petition to push lender into Chapter 7 liquidation
    Live Well Financial has officially entered bankruptcy protection, as a Delaware judge granted a petition Monday that forces the defunct lender into Chapter 7 involuntary bankruptcy. Court documents also reveal that Ginnie Mae has begun taking steps to terminate and extinguish Live Well’s interests in various MBS pools.
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  • Live Well Financial's abrupt closing leads to host of problems

    Creditor pledges to pursue "all available sources of collection" while former employees sue for lost wages
    Live Well Financial abruptly shuttered operations earlier this month, blaming unforeseen market conditions and regulatory issues that rendered the company without sufficient capital to continue funding traditional and reverse mortgage loans. But now, the company has to deal with the damage left in the wake of its decision to abruptly close – and it looks like the cleanup will likely be expensive.
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  • From HW Magazine

    2018 Rising Stars: Rocky Stubbs

    SVP, Head of Direct and Digital Lending at Flagstar
    Rocky Stubbs recently joined Flagstar as head of direct lending and has been charged with positioning Flagstar as a market leader in digital and direct mortgage lending.
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  • Capital One consumer direct lending team finds new home at Flagstar

    Rocky Stubbs takes team from Capital One to Flagstar
    When Capital One suddenly announced last year that it planned to exit its mortgage and home equity originations business, not much was known about what would happen to the more than 900 employees that would be laid off as a result of Capital One’s decision. Well, it turns out that a small percentage of those employees will be moving over to Flagstar Bank.
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