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Top Mortgage Companies 2021 - Hawaii Business Magazine

Top Mortgage Companies 2021 - Hawaii Business Magazine
hawaiibusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hawaiibusiness.com Daily Mail and Mail on Sunday newspapers.

Refinancings lead title insurers to their best first quarter ever

REGISTER NOW 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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