The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading
The Senate confirmed Department of Housing and Urban Development Chief of Staff Andrew Hughes as the department’s deputy secretary. Hughes also worked under former Secretary Ben Carson. Continue reading
Fort Wayne, Indiana-based Hallmark Home Mortgage is licensed in 18 states. Company founder and CEO Deborah Sturges is joining Fairway as a division manager. Continue reading
NOAA expects 13 to 19 named storms to arrive now through the end of November. More than 33 million properties face potential damage from high winds and more than 6 million from flooding as a result of storm surge. It’s unclear how federal cuts may hind… Continue reading
Stephen Kotler is leaving Douglas Elliman following a three-decade career at the brokerage. Meanwhile, his son Max has joined Corcoran Group with intentions of building a new team. Continue reading
The National Association of Realtors will tackle the topic at its midyear Legislative Meetings next week, even after a Texas speech bill targeting NAR and other groups died abruptly on Wednesday. Continue reading
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading
Senate Bill 2713 failed to move forward in the House before a midnight deadline on Wednesday. Still, NAR is considering changes to its rules surrounding harassment and speech at upcoming Legislative Meetings, which it identified as areas of “potential … Continue reading
Reps of both companies declined to comment on talk of a potential deal, but the chatter had Douglas Elliman’s price per share up 34.5 percent over the past five days. Continue reading
The changes would offer a specific definition of “harassment” and aim to reduce liability. The prospect of change comes as Texas lawmakers consider a bill that could conflict with current NAR rules. Continue reading