Industry | 2009.10.13
Fitch: Near-Term Credit Stabilization Unlikely for U.S. Title Insurance Sector
CHICAGO--(BUSINESS WIRE)--Fitch Ratings\' outlook for the U.S. title insurance industry remains negative, reflecting previous deterioration in market fundamentals and material reductions in capital. The sharp downturn in real estate and mortgage market activity has created tremendous challenges for title insurers. For the remainder of 2009 and moving into 2010, Fitch believes that revenue and earnings recovery will hinge on stabilization in these markets. Fitch believes that a return to a stable
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