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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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Opinion: An assessment of residential real estate and AI

Housing Wire

On the other hand, the usual hyperbole that accompanies any trend in technology should not be taken at face-value; kicking the tires and assessing previous promises and bets is essential. For the sake of simplicity, I will keep my comments restricted to residential real estate in the US. Transaction 5. It is a snapshot.

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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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CoStar closes $1.6B purchase of Matterport

Housing Wire

Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. The firms residential North American network generated $58.9 CoStar paid $1.6 billion for the acquisition. CoStar Group generated $2.74 million in revenue in 2024.

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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. Technology is the lubricant that increases that flow.

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