Title insurance

The Old Dominion State has joined 30 others with pending or existing legal protections against the real estate agreements, which affect the right to sell.

In a new filing with the Securities and Exchange Commission, the company attributed delayed transactions, loss of business to other providers and one-time expenses to reduced revenue but expected a limited effect on financial health.

The effects of rate pressure helped push the volume of premiums written in the third quarter downward, as the industry also encounters pressure from housing stakeholders looking for viable alternative products.

In a filing, the company's subservicing subsidiary Loancare said 1.3 million customers had their data compromised, while in an ongoing situation, customers of fellow title insurer First American find themselves without email or online access after a separate incident last week.

The American Land Title Association pushed back against the move to allow attorney opinion letters in the financing of condo units and certain other properties.

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

First American Financial agreed to pay the New York Attorney General $4.5 million to resolve no-poaching agreement allegations; Old Republic, the first, paid just $1 million.

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 decision highlighted conflicts between insurance providers and detractors, with supporters of alternative products underscoring it had no effect on the services they offer, while a major industry trade group critical of the program lauded the outcome.

All six companies reported a shift on a quarter-to-quarter basis, and most were still off from a year ago.