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.
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A consumer was moving to certify a class of thousands of borrowers who paid the telephone mortgage payment fees to a subsidiary the servicer acquired.
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House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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