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Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias

Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias

by Phil Hall | May 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Minnesota Attorney General Keith Ellison has filed a lawsuit accusing realtor Chadwick Banken of violating state and federal laws by reportedly selling houses via predatory and illegal contracts for deed and for allegedly discriminating against Muslim homebuyers. The...
Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok

Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok

by Phil Hall | May 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Real estate developer and philanthropist Frank McCourt announced he is organizing a bid to acquire the TikTok social media platform. McCourt, who is executive chairman of McCourt Global and a former owner and chairman of the Los Angeles Dodgers and Dodger Stadium from...
Leadership Shifts at Home BancShares

Leadership Shifts at Home BancShares

by Phil Hall | May 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Conway, Arkansas-based Home BancShares Inc. (NYSE: HOMB) and its wholly owned subsidiary Centennial Bank announced shifts in its management team. Chief Operating Officer Stephen Tipton will take on the role of CEO of Centennial Bank while Kevin Hester will add to his...
Farmers Resumes Writing Business Insurance Lines in California

Farmers Resumes Writing Business Insurance Lines in California

by Phil Hall | May 15, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Farmers Insurance is resuming the issuance of new business commercial multi-peril applications in California for real estate, habitational, auto service and repair, manufacturing and wholesale distribution, effective Aug. 1. The announcement follows the carrier’s...
Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’

Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’

by Phil Hall | May 14, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

High-profile real estate investor Grant Cardone is taking President Biden to task for his proposed tax credit for first-time homebuyers. In an X posting, Cardone questioned the logic behind the $5,000 tax credit for two years, arguing that it is near-worthless in...
EasyKnock Acquires Home Equity Investment Firm HomePace

EasyKnock Acquires Home Equity Investment Firm HomePace

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

EasyKnock, the New York City-headquartered home equity solutions platform, has acquired the assets of the home equity investment firm HomePace. The founding team of HomePace will be joining EasyKnock; executive announcements will be made soon. Terms of the deal were...
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