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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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Banks report tightened lending standards for nearly all residential mortgages: Fed survey

Housing Wire

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

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Local Logic partners with Plunk for residential real estate data insights

Housing Wire

Local Logic , a location intelligence platform that digitizes the built world, has teamed up with Plunk , an AI-driven analytics company, to empower end-users with the technology and insights they need to accelerate and improve home purchase decisions, the company announced on Tuesday.

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Legacy Group Capital secures $180M from LibreMax Capital

Housing Wire

“The LibreMax team brings significant experience in the residential real estate asset class and has been exceptionally supportive of Legacys growth plans. We are excited to support the company in its next phase of growth. Legacy CEO Scott Rerucha said the partnership “changes the game” for the company.

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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. Redwood, founded in the early 1990s as the need for more private investors in the mortgage market grew, intends to provide liquidity for these new loan types to its origination partners.

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