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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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HUD looks to adopt industry standard URLA form for Title I loans

Housing Wire

Department of Housing and Urban Development (HUD) on Monday announced a proposal to shift its Title I home loan programs to the use of the Uniform Residential Loan Application (URLA) that would more closely align them with broader industry standards.

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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 NMLS MU1 forms already require IMBs to disclose all state or federal regulatory actions as well as certain court actions from the past 10 years.

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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. In addition to the partnership with Stone Point, the firm also announced leadership changes.

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Highlands Residential Mortgage adds Dan Carson as Dallas area manager

Housing Wire

Highlands Residential Mortgage announced that Dan Carson recently joined the company as a senior vice president and area manager of its Park Cities branch in Dallas. Carson has spent more than a decade in the mortgage industry, having previously served in leadership positions for OriginPoint , Willow Bend Mortgage Co.

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Mayors back Realtor.com’s campaign to address the housing crisis

Housing Wire

The initiative also encourages the consideration of underutilized federal land for residential use. “This campaign is about working together with local leaders, builders, and industry partners to advocate for practical, pro-building solutions. . “Mayors are on the frontlines of the housing crisis, and we applaud the U.S.

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