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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. 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.

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How Pennymac is navigating the double-edged sword of lower rates

Housing Wire

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.

Principal 434
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CoreLogic: Single-family rent growth drops to four-year low

Housing Wire

“Single-family annual rent growth slowed in September to the lowest rate in over four years, and monthly rent growth posted a second month of below-seasonal trend growth, making it clear that single-family rent growth is decelerating,” Molly Boesel, CoreLogic principal economist, said in a statement.

Principal 418
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The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

We’re expanding our reach, becoming a principal agent in a lot of states, Moriello said. We’re so excited to be able to be a principal agent now nationally, but it has been a long road for us to get there, because we’re very careful about the way we do things. So for us, that has been both pleasure and pain.

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

Housing Wire

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. But the company later suspended the assessment indefinitely.

Mortgages 352
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Maverix Advisory Group appoints York Baur as founding board member

Housing Wire

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. The company plans to announce additional advisory board members in the coming months.

Brokerage 355
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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

To backstop some of those indemnification obligations, there will likely be an indemnification escrow agreement.