NYCB, a struggling B resi mortgage servicer, to receive B equity investment

NYCB, a struggling $78B resi mortgage servicer, to receive $1B equity investment

The Long Island-based bank was under more pressure after rating agencies Fitch and Moody’s downgraded its debt ratings on March 1. This followed the company’s disclosure of internal control deficiencies and a... Read more »
Former Live Well employees receive final approval of class action settlement

Former Live Well employees receive final approval of class action settlement

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.... Read more »