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Increasingly, nonbank mortgage lenders - sometimes called “shadow banks” - have overtaken U.S. Rules, billions of fines for misconduct and more regulation (the Dodd-Frank Act is 2,319 pages long). banks have slowly withdrawn from the mortgage market as they face scores of new federal But since Congress passed the Dodd- Frank Wall Street Reform and Consumer Protection Act in 2010, big U.S. housing market, according to ATTOM Data Solutions. And the banking industry’s $13 trillion in total loans is the engine that drives the U.S. stock market, according to The Economist. 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.īY OCTAVIO NUIRY, MANAGING EDITOR BIG BANKS CEDE MARKET SHARE TO NONBANKSĪt $26 trillion, the American housing market is the largest asset class in the world, bigger than the U.S. In “Men at Work,” Nicholas Eberstadt writes that this is an “invisible crisis” not seen since the Great Depression. 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 the 1950s, 4 percent of men between the ages of 25 and 54 were out of the labor force. Which political party is better for homeowners? CityBldr uses artificial intelligence to allow developers to see where they can invest to make the most profit. 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. And Bill Green has some tips for buy-and-hold investors. With uncertainty on Wall Street, investors are moving their money to Main Street, buying single family rentals for the long haul. The single family rental market is booming. Nonbank market share grew from 23.4 percent in 2008 to 48.3 percent in 2016. commercial banks to grab a record slice of the mortgage market. Increasingly, nonbank mortgage lenders have overtaken large U.S. P1 BIG BANKS CEDE MARKET SHARE TO NONBANKS 

+ MY TAKE By Bill Green, founder and CEO of LendingOneīOOK REVIEW "Men Without Work” by Nicholas Eberstadtįeaturing Bryan Copley, co-founder and CEO of citybldr Named the Nation’s Best Newsletter by the NAREE