Fitch Ratings said today that it has set a negative outlook for the nation's title insurers based on a sharp decline in their revenues and profits.
The New York-based rating firm said in addition to the profit slump in 2007 it expects further deterioration in 2008 and 2009.
Fitch in a report reviewed 2007 full-year GAAP results for the five national title insurers and the market's profitability prospects in 2008.
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