NU Online News Service, Dec. 16, 3:40 p.m. EST
The title insurance market next year will see a decline in volume, but prices should increase, said Keefe Bruyette & Woods consulting firm.
In a report the company said that given ongoing economic challenges, it believes mortgage originations will fall to $1.6 trillion in 2010, a drop of approximately 24 percent from 2009 (the latest Mortgage Bankers Association projection is $1.965 trillion) as refinance volumes slow and purchase transactions show only modest improvement.
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