NU Online News Service, Dec. 16, 3:40 p.m. EST
The title insurance market next year will see a decline in volume, but prices should increase, said Keefe Bruyette & Woods consulting firm.
In a report the company said that given ongoing economic challenges, it believes mortgage originations will fall to $1.6 trillion in 2010, a drop of approximately 24 percent from 2009 (the latest Mortgage Bankers Association projection is $1.965 trillion) as refinance volumes slow and purchase transactions show only modest improvement.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.