loosecannon
Senior Member
- May 7, 2007
- 4,888
- 269
- 48
The title insurance mess is becoming a bigger player in foreclosuregate. All told at least one GDP reduction in asset values is going to be spawned by this mess. And by the way Thornberg Mortgage not Bear Sterns was the first shoe to drop.
I think it was Madeline who pointed out that flimsy title insurance firms are far too undercapitalized to handle a shake up.
Do they reinsure, and if so how is the exposure spread?