Profits should remain healthy for the U.S. title insurance sector despite a likely near- and medium-term decline in the volume of real estate transactions that will cut its revenue and earnings, a rating firm reported.
The findings by Moody's Investors Service came after a period during the past several years when the major title insurers have paid millions in settlement agreements following regulator charges they had paid disguised kickbacks to contractors, mortgage firms and others involved in the home sale process.
Moody's in New York listed as one of the challenges facing title insurers the fact that they "often draw potentially damaging regulatory and political scrutiny."
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