Optimism regarding the title insurance industry is rather low right now. Given the fact that U.S. title insurers are still attempting to extract themselves from the housing bubble explosion, a new report from Moody's Investors Service predicts that they will remain challenged over the next 12 to 18 months.
"Over the medium term, we expect title insurers to be pressured by a shrinking revenue base and lower income due to a drop in mortgage refinancings," says Paul Bauer, Moody's VP and author of the report, "accompanied by only a mild, if any, uptick in home sales."
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