Fidelity National Information Solutions Inc., Santa Barbara, Calif., has reported record net earnings of $15.3 million in the second quarter, up 68% from $6.2 million a year earlier.The company said it booked $142.3 million in revenue during the quarter, also a company record, up from $92.1 million in the second quarter of 2002. FNIS is in the process of merging with majority stockholder Fidelity National Financial. FNIS can be found on the Internet at http://www.fnis.com.
The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
