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)
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021
Mortgage Lenders Expect Profit Margins To Shrink

69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.

Industry News
Jun 14, 2021
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021

Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.

Industry News
Jun 14, 2021
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021