Date: September 19th, 2005

Size matters

19 September, 2005 (09:21) | Uncategorized |

When rules are clear, business activity expands; it shrinks when they are fuzzy.  So for a housing financial ecosystem to flourish, it needs an array of reliable — deterministic, consistent, unbiased — intermediaries who produce precise unimpeachable evidence of:
 
Footprint: surveys.
Ownership: title and title insurance.
Financing cost: home mortgage disclosure.
Transfer: closing attorneys.
 
In the US, all of [...]