Kushner pays big loan in cash … and more

1. Kushner Cos. pays off loan with $200 million in cash [Reuters via CPN]
3. Bank of America’s purchase of Countrywide Financial is a sign of huge banks swooping into the housing market [WSJ]
4. As reported in this month’s issue of The Real Deal, Melinda Katz, chairwoman of the City Council’s land use committee, is relying on money from the real estate industry as she mounts a campaign for city comptroller [NYO]
5. A Robert Scarano-designed penthouse addition to a North 1st Street building in Williamsburg gets dubbed a “tumor” [Curbed]
6. FBI says housing scams on the rise [Builder Online]