Title Insurance Premium Volume Rises 27.5% In Q1

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The title insurance industry generated $3.92 billion in title insurance premiums during the first quarter of 2020, compared to $3.07 billion during the same period a year ago, according to the latest Market Share Analysis from the American Land Title Association (ALTA).

The title insurance industry generated $3.92 billion in title insurance premiums during the first quarter of 2020, compared to $3.07 billion during the same period a year ago, according to the latest Market Share Analysis from the American Land Title Association (ALTA).

"With title insurance premium volume dependent on mortgage origination volume, all 50 states and the District of Columbia showed first-quarter premiums written increasing 27.5%, compared to the first quarter of the previous year," said Diane Tomb, ALTA’s chief executive officer. "While the COVID-19 pandemic has shifted consumer demand in housing, origination volume in the first-quarter continued to hover near historic levels."

Click here to read more.

This article originally appeared in the National Mortgage Professional print magazine.

 : 
Written by 
Eric C. Peck
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Title Insurance Premium Volume Rises 27.5% In Q1
Trends

Title Insurance Premium Volume Rises 27.5% In Q1

June 25, 2020
by
Eric C. Peck

The title insurance industry generated $3.92 billion in title insurance premiums during the first quarter of 2020, compared to $3.07 billion during the same period a year ago, according to the latest Market Share Analysis from the American Land Title Association (ALTA).

"With title insurance premium volume dependent on mortgage origination volume, all 50 states and the District of Columbia showed first-quarter premiums written increasing 27.5%, compared to the first quarter of the previous year," said Diane Tomb, ALTA’s chief executive officer. "While the COVID-19 pandemic has shifted consumer demand in housing, origination volume in the first-quarter continued to hover near historic levels."

Click here to read more.

Written by 
Eric C. Peck

Eric C. Peck is senior editor of National Mortgage Professional magazine and editor-in-chief of the National Mortgage Professional Magazine website.

ericp@ambizmedia.com

These articles are powered by National Mortgage Professional

Title Insurance Premium Volume Rises 27.5% In Q1
June 25, 2020 9:05 PM
by
Eric C. Peck
Trends

The title insurance industry generated $3.92 billion in title insurance premiums during the first quarter of 2020, compared to $3.07 billion during the same period a year ago, according to the latest Market Share Analysis from the American Land Title Association (ALTA).

"With title insurance premium volume dependent on mortgage origination volume, all 50 states and the District of Columbia showed first-quarter premiums written increasing 27.5%, compared to the first quarter of the previous year," said Diane Tomb, ALTA’s chief executive officer. "While the COVID-19 pandemic has shifted consumer demand in housing, origination volume in the first-quarter continued to hover near historic levels."

Click here to read more.

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