DFS Tag

OneTitle gets rate-reduction approval

As seen in The Title Report

The New York State Department of Financial Services has approved OneTitle National Guaranty’s request to reduce rates on real estate transactions of more than $15 million, including purchases, loans, and refinances. According to the company, the newly approved rates are 25 percent lower than the prevailing...

OneTitle slashes title insurance rates

By E.B. Solomont on TheRealDeal.com

NY underwriters historically set prices together In an industry dominated by large players, upstart title insurance company OneTitle received approval from state regulators to slash its rates, the company told The Real Deal.Underwriters in New York — whose prices are regulated by the state — typically...

Understanding The Economics Of Title Insurance

By Alan M. Doran and Rachel D. Jaffe on Law360

Title insurance economics — at both the industry and company levels — are widely questioned, often because title insurance has diametric characteristics compared to other forms of insurance, including basic underwriting theory, the time period covered, loss ratios, the way in which risk is priced,...

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...

Zombie Properties: Easy to spot, hard to kill and sucking the life out of properties around them

They may not be as terrifying as their horror-flick namesakes, but zombie homes—abandoned houses stuck in foreclosure with no owner living on site and no one taking care of the property—are terrifying enough to those who live or own property nearby. The abandoned houses drag...