As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw premiums written drop by 18.4% from a year ago
Title insurance premiums surged 36% in 2021 to a record $26.2B as low mortgage rates spurred refinancings, according to an analysis by the American Land Title Association
Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums driven by rising home sales and prices