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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.

Principal 233
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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 417
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Mutual of Omaha’s reverse division launches broker protection program

Housing Wire

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal 430
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Mortgage fraud risk is up 7.3% in the past year

Housing Wire

the market is ripe for an increase in fraud because of the continuing high interest rates , slow housing market and other increasing costs of homeownership like insurance affordability,” Matt Seguin, Cotality’s senior principal for fraud solutions, said in a statement. “If “While mortgage delinquencies are currently low across the U.S.,

Mortgages 361
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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

I have really enjoyed getting to know Next Door Lending’s principals, Doug [Liska] and Jonathon, through this process,” Chen said. NerdWallet expects to deliver fourth-quarter revenue in the range of $164 million to $172 million . “I

Lending 480
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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 403
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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.