Category Archives: mortgage title insurance

What happens if your title insurance underwriter stops writing policies?

The transactional real estate market has recently been forced to face just such a situation when New Jersey Title was “asked” to cease writing policies insuring title for residential and commercial property purchases and refinances. This is yet one more chapter (or casualty) in the financial crisis and real estate collapse that began a few […]

Buyers are not afraid of buying bank REO’s! (chart)

Despite the questions swirling around foreclosures, the survey says that the majority of Americans are still willing to buy Over the last few months The Hallmark Abstract Sentinel as well as the partners of Hallmark Abstract Service have tried to outline all of the issues that exist in the world of foreclosures that can potentially […]

A Look Back At The Year That Was In Title

The following article, prepared by A.M. Best, gives an assessment of the state of the Title Insurance industry in 2009. The general view is that headwinds will exist in 2010, but that the pricing environment may improve, and the payout to agents may decline. “While the title industry’s premium volume and profitability deteriorated significantly in […]

Does Title Need A Public Option?

The following is a letter regarding proposed legislation to bring a “public option” to title insurance, similar to that proposed in healthcare. If you do not agree with it, let your representatives know. November 30, 2009 Dear members, As you may know, Assemblyman Richard Brodsky (D-Westchester), has introduced legislation to create a “public option” for […]