First American Financial: A Play On Housing Recovery
As the housing market goes, so go title insurance companies. Every time a home is sold or refinanced, they get a piece of the action. Title insurers are "probably the best pure-play way" for investors to get exposure to a broad housing recovery, Keefe, Bruyette & Woods analysts told their clients in a recent report. The refinancing wave, fueled by low interest rates and government programs, has been a boon for the industry after a long downturn.
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