NU Online News Service, Oct. 12, 3:24 p.m. EDT
Fitch Ratings said the outlook for the U.S. title insurance industry remains negative, following deterioration in market fundamentals and material reductions in capital.
The New York-based rating firm said the sharp downturn in real estate and mortgage market activity has created tremendous challenges for title insurers, and for the rest of this year and part of the next revenue and earnings recovery will hinge on stabilization in these markets.
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