Live Well Financial CEO sued for repayment of $80M in loans – Richmond BizSense

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Michael Hild, CEO of Live Well Financial, which abruptly shut down this month and laid off more than 100 workers, was sued last week in federal court by Troy, Michigan-based Flagstar Bank. The lender claims Hild was the guarantor on more than $100 million worth of loans – for which about $80 million is still owed – and that the loans are in default because Live Well "commenced a liquidation of its business."

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Live Well Financial CEO sued for repayment of $80M in loans – Richmond BizSense Live Well financial ceo sued for repayment of $80M in loans. Michael Schwartz May 29, 2019 1. Michael hild (bizsense file photo). michael hild, CEO of Live Well Financial, which abruptly shut down this month and laid off. Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance,

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Flagstar Bank is demanding that Michael C. Hild, the CEO of Live Well and the guarantor on the loans, repay the bank more than $82 million in principal, interest and expenses, according to the.

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The U.S. attorney’s office in California announced Wednesday that it’s fining Wells Fargo $2.09 billion for allegedly mispresenting loan quality for mortgages it made and sold leading up to.