Look no further than the US which, with no
laws to protect lawyers, allowed the predatory and voracious title insurance industry (essentially ABS
firms) to decimate the real estate bar, reducing the conveyancing market from tens
of thousands of small
firms to four behemoths who, according to Fitch Inc., have 87 %
of the market and who offer, in the words
of an
employee of a US title insurer, «shit services».