article thumbnail

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?

article thumbnail

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.” Hes 26 years old.

article thumbnail

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.

article thumbnail

Against the odds, RealTrends Verified agents and teams deliver big gains

Housing Wire

Among them, those ranked in RealTrends Verified The Thousand (based on 2024 data) closed 189,930 transaction sides — down slightly from 198,356 last year. Each year, our mission with RealTrends Verified is to provide a trusted benchmark for performance in residential real estate,” said Caroline Scanlon, Director of RealTrends Verified.

article thumbnail

FundingShield: Wire, title fraud risk hits record high

Housing Wire

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. These findings reflect a lack of appropriate controls by closing agents and lenders to identify and fix issues, the report stated. It found that 46.8% errors the highest number on record. In Q1 2025, 10.8%