American Land Title Association
Home  >  News Room
News Room

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.

Stewart Information 2Q Profit Drops

July 27, 2007


Stewart Information Services Corp., which provides title insurance and related services, said Friday its second-quarter profit dropped 36 percent due to the soft housing market and the collapse of the subprime lending business.

For the quarter ended June 30, net income fell to $10.1 million, or 55 cents per share, from $15.7 million, or 86 cents per share in the prior year quarter.

Revenue declined 11 percent to $573.4 million from $644.7 million in the second quarter of 2006.

The company said its revenue fell because of a drop in home sales, a decline in home prices, a falloff in new home construction and reduced subprime lending.

Problems in the subprime market also affected the number of title orders, which fell 11 percent during the quarter, the company said.

Coopyright 2007 Associated Press

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment