Fidelity National Information Services has completed its acquisition of Fidelity National Financial Inc., Jacksonville, Fla., a major step in a complicated transaction that splits FNF's title insurance and information service businesses into two separate companies.Until now, FNF had been the majority owner of two other publicly traded firms, FNIS and Fidelity National Title Group Inc. As part of the transaction, most of FNF's assets were transferred to Fidelity National Title and the shell that remains of FNF was merged with FNIS. FNF shareholders received slightly over one-half of one share of FNIS for each FNF share. The last day of trading for the old FNF shares was Nov. 9. Meanwhile, Fidelity National Title is changing its name to Fidelity National Financial Inc., and its ticker symbol is changing to FNF effective Nov. 10. FNIS can be found online at http://www.fidelityinfoservices.com.
-
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
6m ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24