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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. What does this mean for the residential real estate sector and how business-purpose mortgage lenders are trying to expand?

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The Federal Reserve’s housing recession dilemma

Housing Wire

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. percent (10.6

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CoStar closes $1.6B purchase of Matterport

Housing Wire

Matterports cutting-edge 3D capture and AI-powered property insights have already transformed how residential and commercial properties are marketed and experienced, Andy Florance, the founder and CEO of CoStar Group , said in a statement. The firms residential North American network generated $58.9 CoStar paid $1.6

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Rithm closes non-QM securitization, issues $500M debt offering

Housing Wire

Rithm Capital announced this week the closing of a $504 million securitization backed by nonqualified mortgages ( non-QMs ) serviced by its subsidiary Newrez , along with the issuance of $500 million in debt. In 2025, Rithm closed three securitizations of non-QM loans — a product that has gained popularity amid a challenging mortgage market.

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How a 26-year-old Douglas Elliman agent closed $100 million+ in 2024

Housing Wire

Over the last eight years, Abraham Sarway has parlayed calculated risks like this one into running a team that closed $100 million in volume in 2024. To this day, my team and I are still working in the South Bronx, even though we regularly close deals on luxury units in Manhattan.” Abraham Sarway did. A vacation cabin upstate.

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The key to mortgage rates: Fed phone calls?

Housing Wire

This report shows a loss of manufacturing jobs, and although construction jobs increased, residential construction labor slightly declined. Residential construction labor We’ve noticed a slight month-to-month decline, which well monitor closely as we approach 2025. percent, the U.S. Federal government employment declined.

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Housing inventory growth: Good for buyers, bad for builders

Housing Wire

The latest homebuilder confidence data will be released this week and it’s already hovering close to the lows we experienced during the COVID-19 recession. As I often point out, residential construction workers are a key labor recession trigger. That, however, seems unlikely.” economy falling into a recession.