Reserving For Mortgage Insurance and Title Insurance in a Changing Real Estate Market

1
Reserving For Mortgage Insurance and Title
Insurance in a Changing Real Estate Market

• Joseph L. Petrelli, ACAS, MAAA, FCA
• President
• Demotech, Inc.

2
Average Commitment Rate On 30-Year Fixed-Rate
Mortgages
Source freddiemac.com
3
Average Commitment Rate On 30-Year Fixed-Rate
Mortgages
Source freddiemac.com
4
Refinance Percentage of Mortgage Applications
Source freddiemac.com
5
Refinance Percentage of Mortgage Applications
Source freddiemac.com
6
Median Sales Price of Existing Single-Family Homes
Source realestateabc.com realtor.org
7
Median Sales Price of Existing Single-Family Homes
Source freddiemac.com
8
Delinquency and Foreclosure Rates
Source allcountries.org mortgagebankers.org
9
Delinquency and Foreclosure Rates
Source allcountries.org mortgagebankers.org
10
Title Insurance Direct Premiums Written
Source Demotech, Inc. Form 9 Database
11
Title Insurance Direct Premiums Written
(Billions)
Source Demotech, Inc. Form 9 Database
12
Private Mortgage Insurance Direct Premiums
Written (Billions)
Source The National Association of Insurance
Commissioners. Information derived from a
Highline Data product (Companies as of 8/15/07).
13
Private Mortgage Insurance Direct Premiums
Written (Billions)
Source The National Association of Insurance
Commissioners. Information derived from a
Highline Data product (Companies as of 8/15/07).