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Refinancings lead title insurers to their best first quarter ever

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Benefitting from the still-hot refinance market, title insurers wrote nearly 45% more premiums in the first quarter this year compared with one year prior, the American Land Title Association reported.
Mortgage originations topped $1 trillion in the first quarter Fannie Mae
estimates $1.27 trillion while the Mortgage Bankers Association pegs the figure
at $1.1 trillion. Both agree that refinancings made up 71% of that total.
That led to $5.68 billion of title insurance premiums written during the period, down from approximately $6 billion in
one year ago. FFourth quarter 2020 originations were $1.34 trillion according to Fannie Mae, or $1.26 trillion by the MBA s estimates, while the first quarter last year was at $752 billion and $563 billion respectively.) ....

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Judge puts public records case on fast track for court trial (copy)

BURLINGTON â A Vermont Superior Court judge agreed Friday to conduct a trial in late January about whether municipal clerks must keep offices open to the public in need of access to government records during the COVID-19 pandemic.
Nine Vermont municipalities â ranging from tiny Whiting in Addison County to bustling South Burlington in Chittenden County â are named in a lawsuit that maintains they are among a large number of communities that have made it impossible or difficult to get access to important land records required for real estate sales.
The plaintiff, the Connecticut Attorneys Title Insurance Co. in South Burlington, maintains that various lawyers need full access to the public records to complete research for real estate deals in communities throughout Vermont. The lack of access can block buyers and sellers and those trying to refinance. ....

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