for the tip on anfi-it has #$/share of cash, a book value of 4.66 and a 12% yield. I will recapture 3% of my purchase price with the first diviidend payment. It had a nice pop today. The P/E is actually at 2.5
You are right in that the early benefactors of internet title insurance would be the underwriters and the big agents with vast data to mine. However, as players like Fannie Mae, Freddie Mac and big mortgage houses set their requirements for electronic title the vendors will become very similar in appearance and delivery in order to win market share. A problem inherenet in any business that lets the customer or user drive the deal. When we all start acting and looking alike it will be easier to imitate us. FNMA and Mac will become their own insurer as will banks, or they will joint venture into entities that are exclusive to themselves. Fannie is already trying to subvert the title process with their MERS program. We need to be looking at the internet and interest rates as the movers of the title market. LFG, CTZ and FAF have already sold their corporate souls for a piece of the market. I see it in internal articles and the trade magazines. I think that may be one reason for stock price erosion. FNF in behind that could be why they want CTZ.