NU Online News Service, Nov. 30, 3:49 p.m. EST

Title insurers remain affected by the economy and housing struggles, and there is no clear catalyst for change in the near term, according to a Fitch Ratings outlook on the title insurance industry.

Fitch said its outlook for title insurers remains negative, and added it is unlikely to return the title sector to a stable rating "until market fundamentals improve and the risk of further property value declines diminish."

Fitch added, "The cost structure of the title industry remains problematic given that in a market downturn, insurers cannot cut expenses fast enough and deep enough to get ahead of falling revenue."

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