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Magistrate judge recommends $46M in restitution from former Live Well CEO

Housing Wire

government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. million; and the Live Well estate receive $253,850. After attorneys made their cases for both the U.S.

Banks 324
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Former Live Well employees receive final approval of class action settlement

Housing Wire

A cohort of former employees at now-defunct reverse mortgage lender Live Well Financial has been granted final settlement approval in a class action lawsuit brought against the company’s estate in May 2019. Monica Williams, a former loan account manager in Live Well’s Richmond, Va. In a 92-minute court hearing held on Jan.

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Demand is rising for Connecticut program that pays caregivers living with aging loved ones

Housing Wire

A state-level program in Connecticut that pays caregivers living with loved ones who require special attention, and is designed to facilitate aging in place, is seeing a surge in demand across the state. This is according to reporting by Connecticut Public Radio. million as of 2023.” Because if I end up there, I won’t make it.

Lending 354
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Former Live Well CEO seeks delay of deadline to file for new trial

Housing Wire

Michael Hild, who served as CEO of now-defunct reverse mortgage lender Live Well Financial , is seeking a one-year delay of a deadline to file a motion for a new trial based on what his attorney describes as “new evidence.” This is according to court documents reviewed by RMD.

As-is 336
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Showing your prospects the value you bring to their lives, will help to make you successful and build a brand that is bigger than you. This could be in the form of an article you shared on LinkedIn, a comment to their post, or a card sent on their birthday.

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High mortgage rates force some divorced couples to continue living together

Housing Wire

The initial plan was to refinance when rates improved, but they’re now seeking a divorce and living in a home that has dropped in value. The couple remains on amicable terms and stayed in the home together for two months, but when it became too awkward they sought out new living arrangements.

Mortgages 396
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Many baby boomers live in “time capsules” that need renovations to age in place

Housing Wire

The report describes homes owned by baby boomers as “time capsules,” since most of the surveyed boomer cohort (73%) said they have lived in their homes for 11 years or more. This is combined with the finding that “over half of their homes were built in 1980 or earlier with many never investing in renovations,” according to the results.