The Lede

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These Students had a Housing Idea. Facebook Listened. Now, It’s Becoming Reality
San Jose Mercury-News, May 28, 2019--Marisa KendallWhen local high school students walked into Facebook's office last year with a plan for the region's affordable housing shortage, they didn't expect much. But Facebook helped turn the students' idea into reality--a pilot program to fund four backyard granny flats for low-income residents in East Palo Alto and Menlo Park, Calif.
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Stock Investors Sound Alarm About New York’s Office Market
Wall Street Journal, May 28, 2019--Konrad Putzier (subscription)Property investors around the globe have been bidding up the price of Manhattan office towers for years. Now, the stock market is signaling they have pushed up values too far.
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How Ellie Mae’s CEO Plans to Get the Company Back into Growth Mode
National Mortgage News, May 28, 2019--Brad Finkelstein (subscription)After years of expansion as a public company, Ellie Mae went private and cut 10% of its workforce. But new ways to grow lie ahead, according to CEO Jonathan Corr.
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Here are 5 Things the CFPB Will Focus on in 2019
HousingWire, May 28, 2019--Kelsey RamirezThe Consumer Financial Protection Bureau recently published its spring 2019 rulemaking agenda, showing the regulatory matters it reasonably anticipates having under consideration through 2020.
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Private Equity Real Estate Fund Managers Face Growing Pressure on Yields
National Real Estate Investor, May 28, 2019--Beth Mattson-TeigPrivate equity real estate funds have enjoyed robust fundraising in recent years, resulting in record high levels of assets under management. Yet fund managers are bracing for more challenges ahead that could cause them to lower target yields.
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Reading Between the Lines of CFPB’s Regulatory To-Do List
American Banker, May 28, 2019--Kate Berry (subscription)While the rulemaking agenda suggests some significant moves by the agency in the near future, it leaves out mention of other areas of interest, such as compensation standards for loan originators, a more complete revamp of the CFPB's "Qualified Mortgage" standard and additional industry requests to water down the Dodd-Frank Act.
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