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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 271
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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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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 394
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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.

Equity 413
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Kuper Sotheby’s expands to Texas coast via merger

Housing Wire

Whats slated for the Coastal Bend especially in Port Aransas in terms of new development, new condos, and new neighborhoods is truly impressive, said J Kuper, principal broker of Kuper Sothebys International Realty. Port Aransas Realty has operated in the region since 1986.

Principal 320
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Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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Longbridge has a new addition to its proprietary reverse mortgage suite

Housing Wire

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said.

Mortgages 342