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Flagstar Bank to Recover $1M of Loan to Live Well

Thursday, Sep 26 2019
Lending
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Flagstar Bank has announced that it expects to recover $1 million of its loan to now-defunct Live Well Financial. So reports Seeking Alpha.

Flagstar has sold all the securities acquired as collateral for its loan to Live Well, ending Flagstar’s exposure to the former firm, the company said. Former Live Well CEO has pleaded not guilty in court to a federal changes in connection with an alleged $140 million bond fraud scheme.

Read the full article from Seeking Alpha. 

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