Business for Title Insurers Slows
Title insurers are among those feeling the pinch from the weak housing marketing, according to a report Monday from Fitch Ratings.

"The main challenge facing title insurers' management is how to align their operating structures with the further anticipated declines in mortgage originations for 2011, while simultaneously maintaining customer service and a flexible infrastructure to take advantage of any market opportunity," said Gerry Glombicki, director and title sector head for Fitch.

The Fitch report also said it doesn’t believe the foreclosure investigation will be a serious problem for title insurers.

Source: The Associated Press (11/29/2010)