News

The potential cost of misunderstanding title insurance financing

by Daniel C. Price in HousingWire

New York State real estate buyers spent an estimated $817 million on title insurance in 2015 Over the course of a real estate transaction, professionals must eventually speak to their clients about title insurance, a topic rife with misunderstanding and myth. Oftentimes the discussion is brief, and...

OneTitle Announces New Financial Capacity for Large Transactions

New reinsurance agreement provides direct, life-of-policy coverage on all title policies in excess of $250,000 at no additional cost to clients

OneTitle to extend expanded reinsurance retroactively to all policies already issued OneTitle National Guaranty Company, Inc. (www.onetitle.com) today announced that as of July 1, 2016, OneTitle dramatically expanded both the company's capacity to insure large transactions and the protection OneTitle offers to policyholders.  Under a new...

New York title insurance rates cost buyers millions

inman.com

inman.com: Real estate buyers in New York have been paying more than they need to during transactions, according to a new study released in June. OneTitle National Guaranty Company, Inc. released a report finding that homebuyers and investors in New York paid an estimated $155.3 million in...

High-Priced Title Insurance Cost New York State Real Estate Buyers $155.3 Million in Unnecessary Premiums and Fees in 2015, According to New Study

OneTitle National Guaranty Company, Inc. (www.onetitle.com) today released a new report showing that buyers of New York State real estate – including homebuyers, investors and others – spent an estimated $155.3 million in excess title insurance premiums and related fees in 2015. The analysis shows...

Special Report: Inside the title insurance cartel

By E.B. Solomont in The Real Deal

How the industry became the bulletproof behemoth it is today On December 10, 2013, regulators summoned the nation’s biggest title insurance firms to 1 State Street. Much of the hearing focused on the technicalities of title insurance fees and covenants. Representatives of firms in attendance, including Fidelity National,...