Fidelity National Financial Inc., Jacksonville, Fla., has reported net income of $277.3 million ($1.99 per share) for the third quarter, compared with $143.5 million ($1.16 per share) a year earlier.The company pointed out that its results included $52 million in pretax realized investment gain and $53 million in expense items that had been previously disclosed. Those items had a net effect of $1 million in pretax expenses on the results and less than one-half-cent on earnings per share, FNF said. Fidelity National can be found on the Web at http://www.fnf.com.
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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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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
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KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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