Did you hear that there has been an increase in refinancing again? Apparently the reduction in interest rates is providing borrowers with another opportunity to refinance. It will not apply to people with bad credit, people whose house is worth less than their mortgage etc. It also won't currently apply to most people who need jumbo loans because those rates are still pretty high comparatively. Nevertheless, it may help ITIC keep the ball rolling.
I listened to the Fidelity National conference call today they were pretty excited about the refinancing wave. That stock has taken off like a rocket.
Unfortunately, ITIC has less revenue and more cash relative to its market cap so it is not as leveraged to the strength of the title insurance business. Investors Title should still have a good month this month though, if most of the new refinancings close.