Underwriting

The American Land Title Association, which represents the title insurance industry, argued that the program would not cut costs for those who really needed it.

This business, tied to the mortgage origination outlook, is becoming ly attractive for 2024, according to BTIG.

Lenders could gain efficiencies from advances in artificial intelligence as the related development of alternative data potentially opens up the market to more borrowers, but hurdles exist.

The large companies are facing macroeconomic pressures because of high mortgage rates, Fitch said, but the American Land Title Association noted the industry's strong financial position.

The power to quickly ingest and analyze large loads of data has become more critical to many businesses that require quick turnarounds in their decision making, technology leaders said.

The title insurer was the third of the big four companies to come to an agreement with New York Attorney General Letitia James in an ongoing investigation.

A likely recession will only further the six active players' conservatism in their capital strategies, Fitch Ratings said.

The private mortgage insurer is purchasing Agents National and Boston National from Incenter, which itself is a unit of Finance of America.

The change, effective Dec. 21, is being put into place two years after it was first proposed.

Consumer use rates may be low in part because they prefer to stick to one method of submitting information needed to apply for a mortgage.