Stewart Forms Foreclosure Services Sub

Stewart Information Services Corp., Houston, has announced the formation of Stewart Default Services to offer foreclosure services in California, Nevada, and Arizona. SDS will offer residential, commercial, and homeowners' association foreclosure services to banks, mortgage and loan servicing companies, credit unions, government agencies, and private investors in the three states, Stewart said. It will also extend the services to other parts of the country via its "comprehensive attorney network," the parent company said. Stewart said SDS will leverage the resources and knowledge of another Stewart subsidiary, Stewart Title Guaranty Co., by offering services that include loss mitigation, foreclosure processing, title and escrow services, online access to title products, bankruptcy/eviction referral and monitoring, vacant property insurance, and post-sale conveyance. The parent company can be found online at http://www.stewart.com.