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Tag Archives: Title Insurance

The Unexpected Costs of Title Insurance Reports

Jeffrey R. Puthoff, Attorney at JDC Family of Companies (Omega Title Agency & Law Offices of John D Clunk) sat down with MReport to explain how title insurance companies can mitigate production costs, improve their processes, and find cost-saving opportunities

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American Land Title Selects RedVision as an Elite Provider

The American Land Title Association (ALTA) has named RedVision as an Elite Provider for the company, according to a press release. The Elite Provider program is made up of service providers that offer comprehensive benefits to the title insurance and settlement services industry.

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Outlook for Title Industry Revised to ‘Steady’

Rating agency A.M. Best is revising its outlook for the U.S. title industry, bringing it down from "positive" to "stable" as concerns build about uncertainty in the housing recovery. The change reflects the company's outlook shifting from a possible ratings upgrade due to favorable trends to a "low likelihood of a rating change."

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CFPB Fines Michigan Title Insurer Over Kickback Agreements

According to an announcement from the bureau, Lighthouse Title, which operates in branches throughout the state, entered into marketing services agreements (MSAs) with various companies "with the understanding that the companies would refer mortgage closings and title insurance business to Lighthouse."

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Title Insurance Premiums Down 16.6% in Q2

In its 2014 Second Quarter Market Share Analysis, the American Land Title Association (ALTA) reported that the industry generated $2.7 billion in premiums in Q2 2014, down from $3.3 billion the industry generated in Q2 2013. "A lackluster spring homebuying season that was weaker than anticipated coupled with a substantial decline in refinance activity resulted in the drop in title insurance premium volume," said ALTA CEO Michelle Korsmo.

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Title Insurance Profits Drop on Weak Refi Volume

As the rest of the housing market struggled in the year's first half, so too did the title insurance industry, Fitch Ratings reported in a new analysis. Isolating business at the nation's four largest title insurers, analysts at Fitch calculated a combined 12 percent decline in operating revenues through the first six months of 2014 compared to the same period last year.

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