CFPB Has Banned Novad Consulting From Servicing Reverse Mortgages For Failing To Properly Communicate With Mortgage Borrowers The CFPB has banned Novad Consulting from servicing reverse mortgages. HUD and CFPB had first ordered the company to stop illegal activities that harmed older homeowners. The CFPB found that NOVAD Management Consulting had inadequate resources and staffing […]
CFPB Bans Novad From Reverse Mortgage Servicing Read Post »
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 »
Federal Prosecutors Prove Former HUD Official Improperly Directed Government Business To A Personal Friend’s Company A federal jury has convicted a former HUD official. Former HUD Assistant Inspector-General Eghbal “Eddie” Saffarinia concealed efforts to direct tens of millions of dollars in government business to a friend to whom he owed money. The friend was also
Former HUD Official Going To Prison For Falsifying Records 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 »
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
Are Novad Management Consulting CEO Davon Kelly And His Staff MIA? Read Post »
