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Citi invests in mortgage platform Pylon

Housing Wire

Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank’s mortgage trading desk, the parties announced on Tuesday. Citi is investing in the company through Citi Ventures and the Spread Products Investment Technologies unit, dubbed SPRINT.

Investing 416
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Real estate investment leaders talk build-to-rent homes and affordability solutions

Housing Wire

Pretium is a real estate investment firm that focuses on single-family rental (SFR), build-to-rent (BTR) and fix-and-flip properties. Mullen explains that in the 1980s, investment firms focused on securitizing small assets to make them available for institutional investors. Mullen shares that the company raised $1.5

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Wrightwell secures new financing, pledges housing investment of up to $300M

Housing Wire

Real estate investment and operating platform Wrightwell has secured a new financing round while forging a partnership with Bain Capital and Saluda Grade. The deal will yield as much as $300 million in new investments into single-family rental (SFR) and built-to-rent (BTR) properties. according to a statement from Wrightwell. “We

Finance 397
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Dunmor, Newfi augment partnership with minority equity investment

Housing Wire

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Investing 364
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FHLBanks respond to FHFA report on affordable housing investments

Housing Wire

The report detailed FHLBanks’ activity across several programs that include the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA) and other “voluntary targeted mission-activity programs,” according to the report. million in AHP funds, including $35.2

Investing 424
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Investment giant Pretium Partners hires Sid Visentini to lead optimization efforts

Housing Wire

Pretium Partners , a New York City-headquartered investment firm, announced Tuesday that its adding a new senior managing director to lead its business optimization efforts. Visentini recently served as the investment bank’s head of firm strategy for execution and innovation. .”

Investing 370
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Home Depot Foundation invests $10M to assist veterans with aging in place

Housing Wire

The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.

Investing 370