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Title Insurance Premium Volume Up 5.3% in Q3

Title Insurance Premium Volume Up 5.3% in Q3

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The title insurance industry generated $4.3 billion in title insurance premiums during the third quarter, according to new data from the American Land Title Association (ALTA). This marked a 5.3% upswing from one year earlier. During the third quarter, total operating...
New Coalition Seeks to Address Racial Disparities in Homeownership

New Coalition Seeks to Address Racial Disparities in Homeownership

by Phil Hall | Oct 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of 14 trade associations, financial institutions and government-sponsored enterprises have joined forces to create the Convergence Collaboration, a new endeavor designed to address the issues that contribute to racial disparities in homeownership. Over the...
Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud

Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud

by Phil Hall | Aug 5, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Seller impersonation fraud is growing across the US real estate industry, according to new data from the American Land Title Association (ALTA) that found 28% of title insurance companies experiencing at least one seller impersonation fraud attempt last year while two...
Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

by Phil Hall | May 20, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to data released by the American Land Title Association (ALTA). A new independent analysis...
Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

by Phil Hall | Mar 8, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the first time since he took office, President Biden openly confronted the challenges facing the U.S. housing industry and offered several proposals aimed at homeownership and rental housing. A Last-Minute Acknowledgment Housing market issues were conspicuously...
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