NU Online News Service, Sept. 10, 3:44 p.m. EDT
Mortgage and title insurers gave mixed signals while assessing their future business, according to a review from Keefe, Bruyette & Woods from their recent insurance conference.
The financial analyst firm said a presentation from mortgage insurers during the KBW conference indicated that premium per closed order, tighter underwriting and lower appraisals could have a negative impact on closed orders. That in turn could affect industry closing ratios.
KBW said in a report that the industry is optimistic the commercial space could help offset residential weakness, but the current commercial levels "still remain well below peak or even average run-rates."
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