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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. This is an exciting milestone for all Keller Williams agents and franchisees, Gary Keller, the co-founder and executive chairman of Keller Williams, said in a prepared statement.

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eXp Realty snags 36-agent team in Maine

Housing Wire

The company announced the addition of the Maine -based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. According to eXp, the group specializes in residential real estate, fix-and-flips and investment properties.

Agents 431
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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule will implement a congressional mandate to establish consumer protections for residential PACE loans.

Loans 396
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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

In 2024, a year in which single-family residential resale transactions were at a 29-year low , Compass outperformed. Technology is part of the story. Consumers purchase homes, but Compass touts its technology among prospective real estate agents. Every moment of friction is potentially a lost sale.

Brokerage 298
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Keller Williams lands new affiliate in Illinois

Housing Wire

According to a news release, PRG Group sold 277 units in 2024, generating $130 million in sales volume. Callan has more than five decades of experience in residential and commercial brokerage services, investment, development and financial leadership. He has spent the past 31 years running PRG Group.

Land 363
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William Raveis acquires Nantucket-based Jordan Real Estate

Housing Wire

Chris Raveis, the company’s president of residential sales, welcomed the JRE team in a statement. ” Beaulieu also said the company focuses on developing talent with training, coaching and technology solutions for marketing and sales. “We welcome JRE to our family company.

Brokerage 368