CMS Energy, parent of Consumers Energy, to sell home-improvement lending subsidary EnerBank in $960 million deal

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Michigan energy provider CMS Energy plans to sell its EnerBank USA subsidiary as the company sharpens its focus on its energy business, the company said Tuesday.

CMS, the parent company of electric and gas utility Consumers Energy, will sell Enerbank, a Utah-based home improvement lender, to Birmingham, Ala.-based Regions Financial Corp. in a $960 million cash deal.

The transaction is expected to close in the fourth quarter of 2021.

“EnerBank has been a great part of the CMS Energy family, has delivered exceptional value to all stakeholders and we are excited for its future with Regions,” said Garrick Rochow, president

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Biden targets a real-estate tax break that helped Trump build his fortune

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President Joe Biden is pushing to close a tax break that helped his predecessor amass a fortune.

The Democrat has proposed narrowing a tax code provision that allows real estate investors to avoid capital gains taxes when they sell property, as long as they use the gains to buy more. Former President Donald Trump’s most valuable investment, which traces back to his $95 million purchase of a westside Manhattan development site, has benefited from the rule.

In 2005, when Trump’s partners agreed to sell the site for $1.8 billion — a deal Trump resisted — his cut was about $500

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4 easy ways to try Spanifornian style in your home

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As far as interior design ideas go, the Spanifornian style is as close to perfect as it gets. There are plenty of calm neutrals, a combination of modern and rustic influences, and that covetable summery feel that you can recreate wherever you live, even if it’s nowhere near sunny California.  

The secret of this style is the fine balance between the modern Californian home’s love affair with off-whites (thank you, wonderful Shea McGee) and a tendency towards stronger, more robust materials and textures such as terracotta and rustic, rough-finished wood. If you want easy ways for incorporating the Spanifornian style

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Cities Investing the Most in Home Improvements

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Photo Credit: Alamy Stock Photo

During the early days of the COVID-19 pandemic, homeowners across the country used their spare time to tackle overdue home projects. As the year continued, a combination of factors, including low interest rates and rising home prices, helped fuel a boom in home renovations, improvements, and remodels. According to the most recent loan-level data from the Home Mortgage Disclosure Act, there are over half a million home improvement loans approved annually. Home improvement spending grew in 2020 and is expected to continue to climb in 2021.

Home improvement spending has increased steadily since 2010,

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Wild Housing Market Made His Modest Home a Hot Property

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PENN HILLS, Pa.—Chuck Vukotich’s yellow-brick Cape Cod is one of five houses that crowd around a cul-de-sac not quite large enough to make a U-turn.

His parents bought the place in this working-class Pittsburgh suburb in 1961. He paid his mother $55,000 for it in 2016 to keep it in the family after she moved to a nursing home.

The house isn’t for sale, but that isn’t a problem for bargain-hunting real-estate speculators. They call Mr. Vukotich multiple times a week offering to buy it. They fill his mailbox with fliers teasing all-cash deals and quick closings. Mr. Vukotich guesses

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Service Finance Company, LLC Launches Home Improvement Program with Sam’s Club

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The relationship with Sam’s Club comes as Americans continue to invest in home renovation and improvement projects. Sam’s Club Home Install Experts™ by Service Finance takes the guesswork out of finding and securing a home improvement contractor with its simple online platform – giving Sam’s Club members the additional benefit of 10% Discount Off Everyday Dealer Pricing* with promotional financing available through Service Finance Dealers.

“It’s a privilege to work with Sam’s Club and help its members make intelligent decisions about investments in their homes,” said Mark Berch, President of Service Finance. “We take pride in doing the

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