Well, the hits keep coming for the real estate and title insurance industry. A recent report at Housing Wire shows that all of the major title insurance underwriters are experiencing a drop in revenue and income. Obviously with the downturn in the economy in general and the housing market in particular this is not surprising.

Hopefully things start to pick up soon because everyone is feeling the pinch but it will be interesting to see if title insurers begin moving towards a consumer friendly business model. On top of the benefits for consumers this would also allow title insurance companies to be less dependent on those in the real estate and mortgage industries. Consumers still need title insurance and it may be a better business decision to focus on working with consumers instead of working with real estate professionals and fleecing consumers.