Tag: FHA

Novad Management In Gambit To Keep HECM Contract With HUD

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)…

By Steve
2 min read

New FHA Guidelines To Ignore COVID-Era Employment Lapses

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…

By Steve
2 min read