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Did You Know?


DID YOU KNOW? Amazon's first New York cashier-less store opens in Brookfield Place today. Is an AMAZON GO the new Starbucks....ie: when one comes to your neighborhood can you use that as a gentrification benchmark? (CNBC)
 
DID YOU KNOW? Non-bank lenders - mainly private firms without a deposit base - have become the dominant mortgage lenders after Dodd-Frank legislation was passed in 2010. Their share of mortgage originations has skyrocketed from 13% in 2011 to more than 50% as of 2018. (Marketwatch)
 
DID YOU KNOW? There are almost certainly 15 million (or more) second mortgages outstanding today which could easily put their borrowers underwater if home prices dip. Some non-bank lenders are quite willing to do a CLTV of 100% at a fixed rate of 10% and a term of 20 years. This leaves no cushion in case of a home price decline. (Marketwatch)
 
DID YOU KNOW? Guess who is buying up abandoned malls? Amazon. Why? They are big, really big. They are close to the consumer. They are in close proximity to highways. They can be bought for a discount..... about 23 large scale brick-and-mortar properties have already been bought and converted to e-tail use. (WSJ)



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