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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

HomeStore Stock Fading

July 10, 2002

Trading At Under $1

Inman News Features

Despite the best efforts of new management, HomeStore is still struggling on Wall Street.

In the last two months, the stock has dropped from $2.50 a share to under $1. Today the stock is trading at 93 cents a share. Its all time low was 53 cents in February of this year.

A year ago, the stock was trading at $40 a share. Then came the stock tumble following a series of blows including wildly inflated earnings reports, a SEC investigation, class action lawsuits and a management house cleaning.

Stuart Wolff and his chief lieutenants left the firm and new management was brought on with Mike Long heading up the team. Since then, new management has been working to restore confidence with customers, the real estate industry and Wall Street.

While a general drift in the stock market has hurt HomeStore, its fall is even deeper as investors have not regained confidence in the online real estate firm.

Copyright: Inman News Service

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