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Stewart Information Services Corp STC S-3 S-3A - Prospectus. Stewart Title Guaranty Corp --> Principal source of Stewart Title Information Services cash flow.

Stewart Information Services Corp STC S-3 S-3A - Prospectus. Stewart Title Guaranty Corp --> Principal source of Stewart Title Information Services cash flow.

Ratings: (0)|Views: 54 |Likes:
Published by Mary Cochrane
Stewart Title Guaranty Company is a wholly owned subsidiary of Stewart and the principal source of our cash flow.

Our principal competitors include Fidelity National Financial, Inc., The
First American Corporation and LandAmerica Financial Group, Inc. Like most title
insurers, we also compete with abstractors, attorneys who issue title opinions
and attorney-owned title insurance bar funds. A number of home builders,
financial institutions, real estate brokers and others own or control title
insurance agents, some of which issue policies underwritten by Stewart Title
Guaranty Company. "Controlled" business also may provide competition for our
agents.


Title policies. Lenders in the USA generally require title insurance as a
condition to making a loan on real estate, including securitized lending. This
is to assure lenders of the priority of their lien position. The purchasers of the property want the assurance given in their policy against claims that may arise against their ownership. The face amount of the policy is normally the purchase price or the amount of the related loan.


What is assignment of insurance? definition and meaning
www.businessdictionary.com/definition/assignment-of-insurance.html

Transfer by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee), as a collateral for a loan. In the event of the death of the assignor, the assignee is paid first and the balance (if any) is paid to ... Other types of insurance policies may not be used for this purpose.

Stewart Information Services Corp
3/22/95 11/14/96 000-06151

Competitors include (names are abbreviated) Chicago Title, Commonwealth,
Fidelity, First American, Lawyers Title and Old Republic
http://www.secinfo.com/dsvRu.9bj.c.htm?Find=lending#3rdPage


3/22/95 11/14/96 000-06151

A major bank holding company introduced a plan in 1994
guaranteeing the performance of its subsidiary mortgage lending company to cure
any title defects relating to loans sold by it to the secondary market, or else
repurchase the loans. The Company believes the plan constitutes the business
of title insurance and may violate various state insurance laws and
regulations. If the plan followed such laws and regulations, the operation
would be subject to state licensing, payment of premium taxes and the setting
aside of required reserves. The insurance departments of various states have
asserted the plan is insurance and should not be permitted. In Nebraska, a
trial court has determined that such a program constitutes title insurance and
is not permitted.
http://www.secinfo.com/dsvRu.9bj.c.htm?Find=lending#3rdPage
Stewart Title Guaranty Company is a wholly owned subsidiary of Stewart and the principal source of our cash flow.

Our principal competitors include Fidelity National Financial, Inc., The
First American Corporation and LandAmerica Financial Group, Inc. Like most title
insurers, we also compete with abstractors, attorneys who issue title opinions
and attorney-owned title insurance bar funds. A number of home builders,
financial institutions, real estate brokers and others own or control title
insurance agents, some of which issue policies underwritten by Stewart Title
Guaranty Company. "Controlled" business also may provide competition for our
agents.


Title policies. Lenders in the USA generally require title insurance as a
condition to making a loan on real estate, including securitized lending. This
is to assure lenders of the priority of their lien position. The purchasers of the property want the assurance given in their policy against claims that may arise against their ownership. The face amount of the policy is normally the purchase price or the amount of the related loan.


What is assignment of insurance? definition and meaning
www.businessdictionary.com/definition/assignment-of-insurance.html

Transfer by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee), as a collateral for a loan. In the event of the death of the assignor, the assignee is paid first and the balance (if any) is paid to ... Other types of insurance policies may not be used for this purpose.

Stewart Information Services Corp
3/22/95 11/14/96 000-06151

Competitors include (names are abbreviated) Chicago Title, Commonwealth,
Fidelity, First American, Lawyers Title and Old Republic
http://www.secinfo.com/dsvRu.9bj.c.htm?Find=lending#3rdPage


3/22/95 11/14/96 000-06151

A major bank holding company introduced a plan in 1994
guaranteeing the performance of its subsidiary mortgage lending company to cure
any title defects relating to loans sold by it to the secondary market, or else
repurchase the loans. The Company believes the plan constitutes the business
of title insurance and may violate various state insurance laws and
regulations. If the plan followed such laws and regulations, the operation
would be subject to state licensing, payment of premium taxes and the setting
aside of required reserves. The insurance departments of various states have
asserted the plan is insurance and should not be permitted. In Nebraska, a
trial court has determined that such a program constitutes title insurance and
is not permitted.
http://www.secinfo.com/dsvRu.9bj.c.htm?Find=lending#3rdPage

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Published by: Mary Cochrane on Jul 31, 2013
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Title policies. Lenders in the USA generally require title insurance as acondition to making a loan on real estate, including securitized lending.Thisis to assure lenders of the priority of their lien position. The purchasers of the property want the assurance given in their policyagainst claims that may arise against their ownership. The face amount ofthe policy is normally the purchase price or the amount of the related loan
.
 What is assignment of insurance? definition and meaning
 
Transfer by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee), as a collateral for a loan. In theevent of the death of the assignor, the assignee is paid first and the balance (if any)is paid to ... Other types of insurance policies may not be used for this purpose.
Stewart Information Services Corp
3/22/95 11/14/96000-06151
Competitors include (names are abbreviated) Chicago Title, Commonwealth,Fidelity, First American, Lawyers Title and Old Republichttp://www.secinfo.com/dsvRu.9bj.c.htm?Find=lending#3rdPage
3/22/95 11/14/96000-06151
A major bank holding company introduced a plan in 1994guaranteeing the performance of its subsidiary mortgage lending company to cureany title defects relating to loans sold by it to the secondary market, or elserepurchase the loans.The Companybelieves the plan constitutes the businessof title insurance and may violate various state insurance laws andregulations. If the plan followed such laws and regulations, the operationwould be subject to state licensing, payment of premium taxes and the settingaside of required reserves. The insurance departments of various states haveasserted the plan is insurance and should not be permitted. In Nebraska, atrial court has determined that such a program constitutes title insurance andis not permitted.http://www.secinfo.com/dsvRu.9bj.c.htm?Find=lending#3rdPage 
Stewart Title Information ServicesPRODUCTS & SERVICEShttp://www.secinfo.com/dsvRu.4FAcn.htm [Enlarge/Download Table] * Title insurance * Online transaction management * E-Businesssolutions* Closing and settlement service * Real estate information * Electronic mortgage documents* International title services * Mapping & surveying products * Mortgageorigination services* 1031 exchanges * Land record automation * Mortgage postproduction services[Stewart NYSE symbol]
________________________________________________________________________________
Source:
SEC Info · www.secinfo.com ·
Fran Finnegan & Company 
· 1/138
 
Stewart Information Services Corp · S-3 · On 3/30/01Document 1 of 4 · S-3 · Stewart Information Services Corporation________________________________________________________________________________
COMPETITION IN THE TITLE INSURANCE INDUSTRY AFFECTS OUR REVENUESCompetition in the title insurance business is strong, particularly withrespect to price, service and expertise. Larger commercial customers and  mortgage originators also look to the size and financial strength of the titleinsurer. Although we are the fourth largest title insurance underwriter based on market share, Fidelity National Financial, Inc., The First American Corporationand LandAmerica Financial Group, Inc. each is substantially larger than we areand has significantly greater capital and other resources than we do. Theremoval of regulatory barriers in the future also may result in new competitors,including financial institutions, entering the title insurance business.Competition among the major title insurance companies and any new entrants could lower our premium and fee revenues.http://www.secinfo.com/dsvRu.4FAcn.htm 
 
Stewart Title Guaranty Company is a wholly owned subsidiary of Stewart and the principal source of our cash flow.
Our principal competitors include Fidelity National Financial, Inc., TheFirst American Corporation and LandAmerica Financial Group, Inc. Like most titleinsurers, we also compete with abstractors, attorneys who issue title opinionsand attorney-owned title insurance bar funds. A number of home builders,financial institutions, real estate brokers and others own or control titleinsurance agents, some of which issue policies underwritten by Stewart TitleGuaranty Company.
"Controlled"
business also may provide competition for ouragents.________________________________________________________________________________
Source:
SEC Info · www.secinfo.com ·
Fran Finnegan & Company 
· 2/138
 
Stewart Information Services Corp · S-3 · On 3/30/01Document 1 of 4 · S-3 · Stewart Information Services Corporation________________________________________________________________________________
Stewart Information Services Corp· 10-K405 · For 12/31/01
Filed On3/20/02
PART IITEM 1. BUSINESS
We are a Delaware corporation formed in 1970. We and our predecessors have beenengaged in the title business since 1893.Our primary business is title insurance. We issue policies through more than5,800 issuing locations on homes and other real property located in all 50states, the District of Columbia and several foreign countries. We also sellelectronically delivered real estate services and information, as well asmapping products and geographic information systems, to domestic and foreigngovernments and private entities.Our two segments of business are title and real estate information (
"REI"
). Thesegments significantly influence business to each other because of the nature oftheir operations and their common customers. The segments provide servicesthrough a network of offices, including both direct operations and agents,throughout the United States. The operations in the several internationalmarkets in which we do business are generally insignificant to consolidatedresults.The financial information related to these segments is discussed in Item 7 -Management's Discussion and Analysis of Financial Condition and Results ofOperations and is incorporated in this report by reference.
TITLE
The title segment includes the functions of searching, examining, closing andinsuring the condition of the title to real property.Examination and closing. The purpose of a title examination is to ascertain theownership of the property being transferred, what debts are owed on it and whatthe title policy coverage will be. This involves searching for and examiningdocuments such as deeds, mortgages, wills, divorce decrees, court judgments,liens, paving assessments and tax records.At the closing or
"settlement"
, the seller executes a deed to the new owner. Thebuyer typically signs new mortgage documents. Closing funds are then disbursedto the seller, the prior mortgage company, real estate brokers, the titlecompany and others. The documents are then recorded in the public records. Atitle policy is generally issued to both the lender and new owner.Title policies. Lenders in the USA generally require title insurance as acondition to making a loan on real estate, including securitized lending. Thisis to assure lenders of the priority of their lien position. The purchasers ofthe property want the assurance given in their policy against claims that mayarise against their ownership. The face amount of the policy is normally thepurchase price or the amount of the related loan.Title insurance is substantially different from other types of insurance. Fire,auto, health and life insurance protect against losses and events in the future.In contrast, title insurance seeks to eliminate most risks through theexamination and settlement process.
________________________________________________________________________________
Source:
SEC Info · www.secinfo.com ·
Fran Finnegan & Company 
· 3/138

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