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...
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...
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...
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...
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...
The Franklin Johnston Group (TFJG), a multifamily development and property management firm headquartered in Virginia Beach, Virginia, announced the promotion of James Noel to president of development. Noel joined TFJG in 2017 as senior vice president and general...
Hits and Misses for the Real Estate Week of May 11-15
