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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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Harvard study suggests inflation, labor shortages threaten remodeling industry

Housing Wire

remodeling industry reached $600 billion in value following the COVID-19 pandemic. But industry fragmentation, inflation and a shortage of skilled trade labor jeopardize the ability of the industry to fully meet demand, according to a new report by the Harvard Joint Center for Housing Studies (JCHS).

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CFPB freezes nonbank registry rule after industry pushback

Housing Wire

The regulation was the target of criticism from the mortgage industry. Industry response Mortgage trade groups applauded the freeze on the nonbank registry rule. The bureau will instead continue to focus its enforcement and supervision activities on pressing threats to consumers, the CFPB said in a statement.

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Stone Point Capital takes a stake in Keller Williams

Housing Wire

Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian. Czarnecki has over two decades of real estate industry experience. The monetary terms of the deal were not disclosed. Keller will remain the companys executive chairman.

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Mortgage subservicing is having a makeover moment

Housing Wire

The answer lies in a remote corner of the mortgage industry: subservicing. Indeed, the total residential subservicing market declined to $3.96 Theres a lot of consolidation in the [subservicing] industry. What happens when competitors pursue scale in a static yet strategically important market? trillion as of Dec.

Mortgages 416
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Baird & Warner acquires Dream Town in Chicago

Housing Wire

Two of Chicago’s largest independent real estate firms — Baird & Warner and Dream Town — have announced a merging of operations, creating a top residential brokerage in the region based on 2024 home sales , the companies said. He said the merger provides a counterpoint to growing consolidation in the real estate industry.

Brokerage 336
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Wrightwell secures new financing, pledges housing investment of up to $300M

Housing Wire

The agreement, announced on Monday, will aim to address “critical residential housing needs across the U.S.,” We are excited to add such a deep bench of industry veterans to our team,” Alex Kahn, co-founder and chief operating officer of Wrightwell, said in a statement. “We according to a statement from Wrightwell. “We

Finance 388