Novad Management Consulting Files Protest In Desperate Gambit To Keep HECM Contract With HUD Novad Management Consulting has held HUD’s HECM Assets contract since 2014. Unfortunately for them, Celink was awarded the contract to provide servicing for HECM loans earlier this year. However, Novad has filed a protest against the award of Compu-Link Corporation (Celink) […]
Finance of America Companies Pulls The Plug On Finance Of America Mortgage After Being Unable To Sell Its Forward Mortgage Unit Finance of America Companies has decided to shut down Finance of America Mortgage. The board of directors made the decision following the demise of a deal to sell its retail mortgage division. The company […]
Ocwen Financial Loses $2 Million In Loss Mitigation Arbitration Case Involving PHH Mortgage Subsidiary PHH Mortgage and it’s parent, Ocwen Financial loses $2 million to a homeowner in a consumer fraud case. Plaintiffs allege PHH and Ocwen denied their client consumer loss mitigation. They also claim the company refused to follow Freddie Mac guidelines to […]
Clear Capital Is Terminating 378 Employees Including 108 In California By Christmas. This Equals 27% Of Its Workforce Techcrunch.com is reporting Nevada based Clear Capital is cutting 27% of its workforce. Clear Capital is one of the biggest real estate valuation and technology firm in the US. The company is also including 108 employees in […]
Bank of America Mortgage Production Plummeted From $14.5 Billion In The 2nd Quarter To $8.7 billion In 3rd Quarter Bank of America mortgage production plummeted to $8.7 billion in the 3rd quarter. However, it was not all bad news. The bank delivered increases in revenues and net income in the third quarter of 2022. This […]
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