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Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million

Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Frontdoor Inc. (NASDAQ: FTDR), a Memphis-headquartered provider of home warranties, announced it has acquired 2-10 Home Buyers Warranty (2-10 HBW) in an all-cash transaction valued at $585 million. Founded in Denver in 1980, 2-10 HBW’s new home structural warranty...
Steven Curtis Joins NRL Mortgage as Chief Production Officer

Steven Curtis Joins NRL Mortgage as Chief Production Officer

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Houston-based Nations Reliable Lending (NRL Mortgage) has hired Steven Curtis as its new chief production officer. Prior to joining NRL Mortgage, Curtis was senior vice president at Security National Mortgage and Fairway Independent Mortgage. In his new role, he will...
Unlicensed Indianapolis Real Estate Manager Sued for Duping Investors

Unlicensed Indianapolis Real Estate Manager Sued for Duping Investors

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An Indianapolis man practicing real estate without a license is being sued by Indiana Attorney General Todd Rokita for duping real estate investors. Rokita’s office has accused Herbert Whalen of engaging in the management of property for investors without a real...
CMBS Delinquency Rate Drops Below 5%

CMBS Delinquency Rate Drops Below 5%

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed security (CMBS) delinquency rate declined by 10 basis points in May to 4.97%, according to data from Trepp Inc. “The decrease was primarily driven by some sizable resolutions in the office sector,” said Stephen Buschbom, research...
Ohio GOP Lawmakers Offer Property Tax Cap as Constitutional Amendment

Ohio GOP Lawmakers Offer Property Tax Cap as Constitutional Amendment

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two Republican lawmakers in the Ohio legislature are proposing a constitutional amendment designed to cap property tax increases. According to the Columbus Dispatch, Reps. Beth Lear and Scott Wiggam proposed the amendment that would limit property tax increases to the...
Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill

Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Democrat-controlled Massachusetts House of Representatives has dropped Gov. Maura Healey’s “mansion tax” proposal from the housing bond bill that will be voted on this week. The State House News Service reported the $4.1 billion housing bond bill moved by the...
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