Industry News

Real estate boom pumps up title insurance

Part 3: The real estate windfall

Editor's note: As the real estate boom soars to new levels, pumping money through the industry like blood through a runner's arteries, real estate agents, title companies, mortgage brokers, lenders and homeowners alike are prospering. In this three-part series, Inman News explores the real estate windfall, digging to find who's making tons of money in this heated  market. (See Part 1: Real estate agents reap housing boom harvest and Part 2: Real estate boom fills mortgage lenders' coffers.) As the real estate boom soars to new levels, pumping money through the industry like blood through a runner's arteries, title insurance is booming as well. In 2004, gross revenue, or total operating income, for the title insurance industry was $16.4 billion, according to a 2005 study by the American Land Title Association. The net gain from operations was $755.1 million, ALTA's study said. "This has been an unusual time in the history of the housing market," acknowledged James...