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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 426
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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 394
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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 366
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MoxiWorks secures additional funding, names new CRO

Housing Wire

The real estate technology company will be aided on this journey by additional capital it has secured from its ownership group, which includes private equity partner Vector Capital , and brokerages Howard Hanna Real Estate Services and Windermere Real Estate , according to an announcement on Friday. MoxiWorks is looking to up its game.

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EquityProtect partners with title companies to boost fraud awareness

Housing Wire

The companys free title monitoring service alerts homeowners of any changes to their propertys title after a sale, allowing them to respond quickly to potential threats. Dovidio noted that standard title insurance policies typically only cover issues that arise before a sale is finalized.

Title 293