Today's Linkage on Amazon's endlessly-expanding ways to get you your stuff, NYC loan sharks making millions, and American homebuying power
First American
New data from First American says homeowners are staying in their homes for the longest duration in 18 years. That doesn't just mean you're sitting around watching Netflix (which is also true) but it means fewer people are moving homes than in nearly two decades.
A big percentage of closing costs on purchase and refinance loans is title insurance. So here’s a quick primer. On a purchase, the borrower must buy two title insurance policies: one to protect them as the owner of the property, and one to protect the lender they’re using. All lenders require this. On a refinance,
Interpreting Latest Existing Home Sales Data Everyone has an opinion about home sales. But most agree that new home sales are at record lows and will be slow to recover until inventory of existing homes and the foreclosure overhang are worked off in many locations around the US. Some indicators for existing home sales, however,