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Real Estate/Development

Jul. 4, 2006

UCC Insurance

How does a new product, conceived by seasoned title-insurance underwriters, generate $60 billion to $75 billion in lenders' orders in only four years?

BY THEODORE H. SPRINK
     
      How does a new product, conceived by seasoned title-insurance underwriters, generate $60 billion to $75 billion in lenders' orders in only four years?
      The concept was simple: If virtually every U.S. bank funding real estate-secured loans requires real estate title insurance, wouldn't those lenders enjoy the same benefits of title insurance ...

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