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Maverix Advisory Group adds Kevin Van Eck as principal

Housing Wire

Van Eck will assume the role of principal after a 16-year tenure at @properties. It offers a wide variety of services in the mortgage and real estate spaces, including pipeline development, integration support, recruiting, branding, strategic partnerships, sales support, events, mergers and acquisitions, and fundraising.

Principal 284
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HUD announces $72.6M in new Native American community grants

Housing Wire

Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6 million in new funding under the Indian Community Development Block Grant (ICDBG) program, adding up to $2 million to 38 individual community recipients to bolster housing development , expansion and preservation.

Principal 370
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Mutual of Omaha’s reverse division launches broker protection program

Housing Wire

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” If you’ve watched our development over the past several years, you’ve witnessed deliberate, strategic growth across all of our channels.

Principal 430
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Longbridge goes beyond reverse with Figure partnership, new ‘HELOC for Seniors’

Housing Wire

The principal amount “generally does not come due until the borrower permanently leaves the home, provided the borrower stays current on all required payments, including interest, property taxes and homeowners insurance, and appropriately maintains the home.” Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity 418
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With lower costs and other value, rural areas are enticing for older homebuyers

Housing Wire

And while it seems that this is a tactic for elders to avoid high costs, high crime and over development, those who keep an eye on who moves where in America say it has been happening off and on for decades. But the potential value for older homeowners is not strictly monetary, the article said. This is Mayberry.

Equity 398
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Better Homes and Gardens Real Estate makes Tennessee acquisition

Housing Wire

Melissa Sterling, principal broker and owner of Better Homes and Gardens Real Estate Heritage Group, said the acquisition aligns with the firms strategy of growth through shared values and professional development. Lora Umbarger will continue in her role as principal broker, while Mitch Umbarger plans to focus on his sales practice.

Principal 341
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Residency requirements top HUD OIG’s list of open reverse mortgage issues

Housing Wire

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). On an online database tracking a series of issues the U.S.

Mortgages 381