Title Insurance Premium Volume Dips 16 Percent in Q1 – NMP Skip to main content

Title Insurance Premium Volume Dips 16 Percent in Q1

NationalMortgageProfessional.com
May 30, 2014

The American Land Title Association (ALTA) reported title insurance premium volume declined 16 percent during the first quarter of 2014 when compared to the same period a year ago. The title insurance industry generated $2.4 billion in title insurance premiums during the first quarter of 2014 compared to $2.9 billion during the first quarter of 2013. “The first quarter, traditionally slow for real estate, was even more so during the first three months of 2014 due to the harsh winter,” said Michelle Korsmo, ALTA’s chief executive officer. “Through disciplined expense management, the land title insurance industry posted almost $100 million in net income despite the expected seasonal dip in premium written. The industry remains in a strong financial position and has admitted assets of $8.5 billion, including more than $7.6 billion in cash and invested assets.” States Generating Most Title Insurance Premiums in Q1 2014 Compared to Q1 2013: Texas ($361 million, up 3.7 percent from Q1 2013) California ($279 million, down 25.9 percent) Florida ($231 million, down 2.0 percent) New York ($216 million, down 2.4 percent) and Pennsylvania ($92 million, down 33.6 percent) Market Share Among Title Insurance Family/Company: Fidelity Family (31 percent) First American Family (28 percent) Old Republic Family (15 percent) Stewart Family (13 percent) Independent Underwriters (12 percent)
Published
May 30, 2014
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021