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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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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. Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday.

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Maryland-based Anchor Home joins Compass

Housing Wire

Anchor Home specializes in high-end residential sales, staging, new construction consultations and renovation strategies. We made the move to Compass because we were intrigued by the technology and drawn to the culture and it delivered on both fronts, Chino said. Their average listing price is $1.7 million, according to Compass.

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Century 21 expands yet again — this time in Northern California

Housing Wire

Kobetz Realty currently serves clients across Mendocino, Lake and Sonoma counties with services in residential , commercial and ranch real estate. As part of Century 21, he and his team will gain access to the brand’s technology tools, marketing platform, training and lead generation systems. “My

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RE/MAX hires Travis Saxton as EVP of strategy

Housing Wire

According to the release, Saxton will be tasked with guiding real estate strategy and technology innovation with a focus on integrating solutions to optimize operations and support affiliate growth. Saxton has over two decades of experience working in residential real estate technology, digital marketing and management consulting.

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Redwood adds alternative loan products to its home equity platform

Housing Wire

CoreVest was acquired by Redwood in 2019 and is the REITs business-purpose lending division that specializes in loans for residential investment properties. The move is part of a repositioning that includes branding of its jumbo loan platform, which will continue to operate under the Sequoia umbrella going forward.

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Better Homes and Garden Real Estate adds California brokerage

Housing Wire

The firm works with residential , commercial and land transactions including ranch properties and vacation homes. The firm plans to utilize the brand’s suite of technology and learning platforms — including tools from MoxiWorks and the Be Better University program — to increase agent productivity and client service.

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