Fidelity National Financial Inc., Jacksonville, Fla., has announced an agreement to acquire Service Link LP, a title insurance agency and provider of title and closing services to national lenders, for an undisclosed amount.The purchase will also include Asset Link, a company owned by Service Link that manages and disposes of real estate owned. "The acquisition of Service Link provides FNF and its title insurance subsidiaries with centralized title and closing capabilities and improved direct access to national lender accounts for both refinance transactions and emerging lender-driven purchase transactions," said FNF president Raymond R. Quirk. "Service Link will operate as a distinct brand under our Chicago Title subsidiary and will establish underwriting agreements with the FNF family of title insurance underwriters." FNF can be found online at http://www.fnf.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28