In all phases of the mortgage industry this week your hear the mortgage blues, from the people who make the loans to the people who insure them, the news was bad — and most of them expect it to get worse. Title insurers say they could not cut costs fast enough in August and September to keep up with the plummeting market. Cut costs for us, the borrower? Not at all. For these people a slower market means less revenue, so cutting costs means layoffs. Insurance reimburses a homeowner or a lender if there is an error in the deed transferring property.

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