P1 BIG BANKS CEDE MARKET SHARE TO NONBANKS
Increasingly, nonbank mortgage lenders have overtaken large U.S. commercial banks to grab a record slice of the mortgage market. Nonbank market share grew from 23.4 percent in 2008 to 48.3 percent in 2016.
P7 MY TAKE BY BILL GREEN
The single family rental market is booming. With uncertainty on Wall Street, investors are moving their money to Main Street, buying single family rentals for the long haul. And Bill Green has some tips for buy-and-hold investors.
P12 CLIENT CORNER BY BRYAN COPLEY
What’s the best use of your property? Bryan Copley, chief executive officer and co-founder, CityBldr , shares how his platform helps users visualize profit potential by identifying the highest and best use of a parcel of land. CityBldr uses artificial intelligence to allow developers to see where they can invest to make the most profit.
P15 BIG DATA SANDBOX
Which political party is better for homeowners?
P16 BOOK REVIEW
In the 1950s, 4 percent of men between the ages of 25 and 54 were out of the labor force. Today, that number has mushroomed to 11.4 percent of men between the ages of 25 and 54 — or about 7 million people — who are not in the labor force, nor are they seeking a job. In “Men at Work,” Nicholas Eberstadt writes that this is an “invisible crisis” not seen since the Great Depression.
P18 LEGAL BRIEFS
In San Francisco, tenants in the “leaning tower of San Francisco” sue the developer and the city of San Francisco; Wells Fargo pays $1.2 billion for mortgage fraud; and Washington state limits lenders from taking possession of property before a foreclosure.
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