Mr. Cooper To Issue $90 Million In Refunds To Settle Foreclosure Lawsuit

Mr. Cooper  To Issue $90 Million In Refunds To Settle Lawsuit Over Illegal Foreclosures Mr. Cooper to issue $90 million to former customers. The refunds are to settle a lawsuit alleging the nonbank lender committed illegal foreclosures. The nation’s largest nonbank servicer of mortgage loans will pay a civil penalty of more than $6.5 million. […]

FHFA Foreclosure Moratoriums Extended Until January 31st

FHFA Foreclosure Moratoriums Extended Until January 31st For All Fannie Mae And Freddie Mac Loans The Federal Housing Finance Agency announced today that FHFA foreclosure moratoriums initiated in April are being extended until Jan. 31. This marks the fourth time FHFA has extended the moratorium. It extends the latest extension deadline of December 31st. FHFA director […]

Fight Reverse Mortgage Foreclosures! Yes, You Can!

Don’t Listen To Your Lender. You Can Fight Reverse Mortgage Foreclosures And Win! Like the conventional mortgage lenders before them, reverse mortgage lenders have people convinced they can’t fight reverse mortgage foreclosures. Yet, MFI-Miami has again debunked the propaganda of sleaze from the Wall Street oligarchs. Just like we did with foreclosures on conventional mortgages. […]

Are Novad Management Consulting CEO Davon Kelly And His Staff MIA?

Novad Management Consulting CEO Davon Kelly And His Staff Appear To Be Missing In Action The inept leadership of Novad Management Consulting CEO Davon Kelly is amazing. I have never seen a more ineptly ran mortgage servicer in my 25 years in mortgage lending. Kelly is either an incompetent CEO, or he is missing in […]

Novad Management Consulting: Worst Reverse Mortgage Servicer Ever!

FHA Reverse Mortgage Servicer Novad Management Consulting Named Worst Mortgage Servicer Ever! The other day I wrote that Tom Lennon’s reverse mortgage case is the craziest case I have had in 13 years. It’s also the first time I have had to deal with Novad Management Consulting. Novad Management Consulting is one of the most […]

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