Housing Wire
FEBRUARY 24, 2025
Van Eck will assume the role of principal after a 16-year tenure at @properties. Maverix Advisory Group has added industry veteran Kevin Van Eck to its leadership roster. He served in multiple positions there, most recently as president of affiliate strategy at Christies International Real Estate, which was acquired by @properties in 2021.
Housing Wire
APRIL 9, 2025
However, three of the four open HECM-related issues according to the HUD OIG are related to the HECM programs principal residency requirements, which state that a HECM borrower must remain in the home as their primary residence. Three of them, however, are largely centered on the same issue.
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Housing Wire
OCTOBER 22, 2024
In total, loan acquisitions and originations had an unpaid principal balance (UPB) of $31.7 At the same time, our servicing portfolio — now near $650 billion in unpaid principal balance and nearly 2.6 million in Q2 2024 and $25.2 million in Q3 2023. This was a reflection of more volume rather than higher margins. As of Sept.
Housing Wire
DECEMBER 27, 2024
Reverse mortgage business and mortgage business generally is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. Rates re-emerged as a challenge and continue to be as the year winds down to a close.
Housing Wire
MARCH 3, 2025
Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.
Housing Wire
APRIL 10, 2025
In this kind of interest rate environment, you’re looking at probably around 40% of the home value, up to the lending limit as an initial line of credit principal limit, he said. So that was the original justification for the [Home Equity Conversion Mortgage ( HECM )] portfolio coordination strategy.
Housing Wire
APRIL 14, 2025
In February, Maverix Advisory Group added industry veteran Kevin Van Eck to its leadership roster, appointing him to the role of principal after a 16-year tenure at @properties. Baur, the former CEO of MoxiWorks , helped to scale that platform to a point that it now supports more than 800 brokerages and 400,000 agents across North America.
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