American Land Title Association
Home  >  News Room
News Room


SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software


North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.


Fitch Releases U.S. Title Industry 2010 Review & 2011 Outlook

December 2, 2010

Fitch Ratings released its annual analysis of the U.S. Title Insurance Industry in a special report entitled “2011 Outlook: U.S. Title Insurance Industry.”

“Aside from the magnitude of the economic recession and property market downturn, the issues currently plaguing the title insurance industry are similar to those of past cyclical downturns,' said Gerry Glombicki, director and Title Sector Head for Fitch. “Specifically, the title insurance industry remains extremely vulnerable to the real estate cycle and macroeconomic changes.”

Despite continued low mortgage interest rates, real estate and mortgage market activity remains anemic, pressuring title insurer revenues.

“The main challenge facing title insurer's 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,” Glombicki added.

Fitch's recent negative rating actions for title insurers have typically reflected both weakened capital positions and sustained operating losses. Fitch's 2009 U.S. title insurance industry's risk-adjusted capital (RAC) ratio was 133 percent, a significant improvement over the 2008 RAC ratio of 105 percent. However, from a historical perspective, 2009's ratio is the second lowest since Fitch began calculating the ratio in 1997.

Fitch's industry RAC ratio is greatly influenced by market leaders Fidelity National Financial, Inc. (FNF) and First American Financial Corp. (FAF), whose market shares are 42% and 27%, respectively. FNF and FAF have recently returned to profitability in their title operations, which differentiates them from other peers, and should promote modest improvement in the industry capital position at yearend 2010.



Print Friendly


How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment