Explainer: Why Banks Hike Quickly on Home Loans â Forbes … – Forbes
Explainer: Why Banks Hike Quickly on Home Loans â Forbes … Forbes
Explainer: Why Banks Hike Quickly on Home Loans â Forbes … Forbes
Despite purchase, refinance and commercial order volume decreasing in 2022, Fidelity’s title segment still reported $9.5 billion in revenue.
Title insurers Stewart, Old Republic and First American offer a window into their finances as the housing market cooled in Q3 2022.
Even though revenue is down and open title orders are down from last year, there’s a silver lining for Big Four title insurance firm Fidelity National Financial: it’s still in line with business in 2019, one of the best years on record.
High mortgage rates and cooling demand made things tough for Stewart and First American in Q4 2022, but both title firms still turned profits.