Still think TITNC3: Return of the Iceberg was peak

Then GME better watch out for Google or Apple if NFT's are truly the next big thing.
Maybe I'll nft my Tacoma. I might have more luck selling it on this forum.

 

The NFT is not the point. It's what the NFT means to the future of finance and ownership. Remember when the internet was a fad? That's where NFTs are at right now.

 

Antique ones. You missed the vision.

 

If my wall was adorned with KO stock certificates from the early 1900's I wouldn't be here talking to any of you

 

Yeah. And?
Remember where "Ask Jeeves" was? Netscape?
Like I said, beware of Apple and/or Google.
If you're right.

 

I've bet a lot of money after 2 years of doing more stock research than I've worked at my day job. I'm thinking I'm correct. If I'm not, welp, I'll just die a poor wage slave. If I win, I win. If not, I just die poor like 99% of the world.

 

I'm going to let you in on a little secret there Mr. Kairo. You're not wrong.
It's a disruptive technology, it can be applied to myriad of businesses, but would you like to know the biggest of the big dogs that it could bring to its knees? And if the GME folks are smart, they already have their sights set right there. A $25B/year industry. In the U.S. alone.
Title insurance.

 

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis, published Friday.

The title insurance industry generated $26.2 billion in premiums last year compared to $19.2 billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Despite such explosive increases during those years, the focus in early 2022 seems to be how long it will last and to what extent title insurance premiums might normalize under radically changing economic conditions.


Top underwriters by market share for the year included First American Title insurance Co., with 20.5%; Old Republic National Title Insurance Co., with 14.8%; Chicago Title Insurance Co., with 14%; Fidelity National Title Insurance, with 13.5%; and Stewart Title Guaranty Co., with 8.9%.

However, it should be noted that Chicago Title is part of Fidelity. And with almost 34% of the market, it ended 2020 as the largest company by share of premiums written.

Also at the close of 2020, First American’s market share was 23.3%, while Old Republic’s was 15% and Stewart’s was 9.6%. Stewart — which finished 2021 on a bit of an acquisition spree —has been looking to reclaim some of the title premium it lost in recent years. As recently as 2019, Stewart’s market share was 10.62%.

Rounding out the top 10 for 2021, Westcor Land Title Insurance Co. maintained 5.9% of the market, good for sixth place. Commonwealth Land Title Insurance Co. had 4.1% of the market share, WFG National Title Insurance Co. had 2.8%, Title Resources Guaranty Co. had 2.4% and Doma Title Insurance Co., helmed by Max Simkoff, held 1.9%.

This is an impressive feat as Simkoff’s company has thus far failed to report a profitable quarter.

Although the “Big Four” still command the overwhelming majority of the market with a combined market share of 71.1%, their collective grip could be slipping. In 2019, independent title underwriters such as Westcor, WFG and others, had a combined market share just shy of 15%.

According to ALTA, the cost of title insurance coverage has decreased 7% since 2004, meaning for each dollar of premium a consumer purchases, they get an extra $26 in coverage, comparatively.

There’s no denying 2021 was a strong year for title insurers and underwriters. But as housing inventory remains scant, refinance volume continues its steady decline due to rising mortgage rates and prices continue to soar, pricing additional homebuyers out of the market, it’s safe to say the title industry faces an uphill battle in 2022.

 

Flattening out

 

Good AM fellow shills!

 

Unemployment missed. Give it an hour or two to catch up to the news.

 

News, schmews. You get what the algos decide you'll get, and you'll like it.

 

TYDE up 22% on 3.75M volume PM. What's it gonna do today? lol

 

Past 2 days algos have owned BBIG. Slightly above 10 day volume and the bar coding is some of the best I've ever seen.

 

Give us a turd in the hand

 

A turd in the hand is...better?... than two in the bowl.

I think?

 

I turd in the hand means you're doing it wrong. lol