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) […]
Novad Management In Gambit To Keep HECM Contract With HUD Read Post »
Two New York Mortgage Fraudsters Plead Guilty To Running A Mortgage Fraud Scheme In Connecticut Two New York Mortgage Fraudsters pleaded guilty Tuesday for operating a wide-ranging mortgage fraud scheme. The scheme involved 24 mortgage loans on numerous multifamily housing properties in Hartford, Connecticut. The duo scammed nearly $50 million from different lenders. Jacob Deutsch
New York Mortgage Fraudsters Plead Guilty To Mortgage Fraud Read Post »
Lenders Have Until September 5th To Comply With New FHA Guidelines Ignoring COVID-Era Employment Lapses New FHA guidelines loosen the requirements to qualify for a loan if they lost work during the pandemic. Beginning September 5th, lenders are to ignore job gaps during the Covid-19 pandemic. The Federal Housing Administration (FHA) announced new flexibility for
New FHA Guidelines To Ignore COVID-Era Employment Lapse Read Post »
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.
Fight Reverse Mortgage Foreclosures! Yes, You Can! Read Post »
FHA Issues FHA Mortgage Alert. FHA Directs Mortgage Servicers To Halt All Foreclosure Actions Until August 31st. HUD has issued an FHA Mortgage alert. HUD announced FHA is extending its foreclosure and eviction moratorium through August 31, 2020. This is the second extension the FHA has enacted since the COVID-19 pandemic began. FHA issued its first extension
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