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Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

by Phil Hall | Apr 24, 2024 | Industry Updates, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Habitat for Humanity Canada announced the appointment of Pedro Barata as president and CEO effective June 24. Barata is currently executive director of the Future Skills Centre, where he led the launch of more than 200 innovation pilots in every region and sector in...
Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency

Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency

by Phil Hall | Apr 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Jackson, Mississippi-headquartered Trustmark National Bank announced the sale of its subsidiary Fisher Brown Bottrell Insurance Inc. (FBBInsurance) to Marsh & McLennan Agency LLC for $345 million in cash. In connection with the sale, current leadership and...
NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement

NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement

by Phil Hall | Apr 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The judge who oversaw the Sitzer/Burnett lawsuit has granted preliminary approval to the National Association of Realtors’ (NAR) $418 million settlement. As part of the settlement, NAR will allocate the $418 million into a fund over a four-year period. NAR also agreed...
Guest Opinion: How You Might Look at Recent Data

Guest Opinion: How You Might Look at Recent Data

by Tom Barkin | Apr 23, 2024 | Guest Opinion, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Tom Barkin is president of the Federal Reserve Bank of Richmond. This article is adapted and edited from a recent speech delivered before Virginia’s Home Building Association of Richmond. Contrary to most forecasts, including my own, the economy finished 2023 strong....
Investment Firm Acquires Kinexx Modular Construction

Investment Firm Acquires Kinexx Modular Construction

by Phil Hall | Apr 23, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The investment firm LaPhair Capital Partners announced its acquisition of Kinexx Modular Construction, a provider of modular building solutions. Kinexx will operate as a subsidiary of LaPhair Capital Partners, with Scott Upshaw as its new CEO. LaPhair plans to bolster...
John B. Johnson, Co-Founder and Former CEO of MortgageAmerica Inc., Dies at 84

John B. Johnson, Co-Founder and Former CEO of MortgageAmerica Inc., Dies at 84

by Phil Hall | Apr 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

John B. Johnson, the co-founder and former CEO of MortgageAmerica Inc., passed away on April 15 at the age of 84. Johnson began his mortgage banking career began in 1966 at Colonial Mortgage Company, where he rose through the ranks to become chief operating officer....
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