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

Housing Wire

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. But despite challenges posed by rates, industry professionals continue to find a way forward. I think that’s true from an industry standpoint.

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

Housing Wire

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.

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Maverix Advisory Group adds Kevin Van Eck as principal

Housing Wire

Maverix Advisory Group has added industry veteran Kevin Van Eck to its leadership roster. Van Eck will assume the role of principal after a 16-year tenure at @properties. With his expertise, were further strengthening our ability to support companies in refining their strategies and accelerating industry-wide adoption.

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VantageScore unveils mortgage resources to ease the transition to 4.0 credit model

Housing Wire

by a number of industry players. The initiative comes as the mortgage industry prepares for mandatory adoption of VantageScore 4.0 The new resource provides tools and guidance to facilitate integration and aligns with the growing adoption of VantageScore 4.0 These include the U.S. now or risk losing access to key mortgage GSEs.”

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Record-high home equity provides opportunity for the reverse mortgage industry

Housing Wire

The performance of the reverse mortgage industry reflects the opportunity provided by record home equity, despite macroeconomic headwinds that are negatively impacting so much in and around the housing market. That’s keeping debt low, but it’s also slowing down markets.

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Top Florida real estate team signs on with Compass

Housing Wire

Korman, who previously served as founder and principal of the independent brokerage Korman Realty — leads a team that has handled more than $400 million in real estate transactions since 2019, including $100 million-plus in 2024. Compass offers something unlike anything I’ve seen in our industry.

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How AI is helping property managers meet a challenging market

Housing Wire

The property management landscape is evolving rapidly, with rising costs, shifting renter expectations, and increasing competition pushing industry professionals to rethink strategies. Cybersecurity solutions and secure property management technology are evolving the industrys approach to fraud prevention and data protection.