A non-affiliated third party acquired portfolio of mortgage securities from Novation Companies, Inc. (OTCPK:NOVC) for approximately $8.5 million on December 28, 2018. The transaction was completed after a bidding process. A non-affiliated third party completed the acquisition of portfolio of mortgage securities from Novation Companies, Inc. (OTCPK:NOVC) on December 28, 2018.