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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.”

Mortgages 391
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Mutual of Omaha’s reverse division launches broker protection program

Housing Wire

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

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Reverse mortgage case number metric reaches highest level in two years

Housing Wire

But after additional data about the month of October was released, one metric of reverse mortgage industry performance HECM case number assignments from the Federal Housing Administration (FHA) saw a surprising increase at that time. But RMI found that only half of the industrys top 10 lenders recorded volume gains compared to September.

Mortgages 389
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Legacy Group Capital secures $180M from LibreMax Capital

Housing Wire

The deal involves an 18-month revolving period during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding capacity. Legacy Group Capital on Thursday announced its first institutional capital partnership with LibreMax Capital LLC , an $11.8

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