On August 25, 2014, we acquired a 70% ownership interest in LandCastle Title ("LandCastle"), in exchange for our agreement to fund any escrow shortfalls in LandCastle’s escrow accounts. At the time of the acquisition, LandCastle was a large third-party agent of FNF, operating primarily in the State of Georgia.
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The Nation’s Largest Title Insurance and escrow services company. fidelity national Title Group is a leading provider of title insurance and escrow services, and the nation’s largest title insurance company. fntg’s title insurance underwriters collectively issue more title insurance policies than any other title company in the United States.
A big kahuna in the title insurance industry is taking a more aggressive crack at the brokerage business, and industry sources say its push could have far-reaching impacts. Fidelity National.
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The Hardwick allegations first came to light when Fidelity National Financial bailed out LandCastle and stepped in as a 70% owner of the title company. Fidelity took over after "substantial escrow account misappropriations" were discovered with the accounts of MHS and LandCastle and "precipitated by a significant shortage in the accounts.
The deal will bolster the title insurance. this business. Fidelity National, which currently owns about a 9.5 percent stake in O’Charley’s, will pay $9.85 a share for the company, which has.
It turns out that nearly $20 million wasn’t enough to cover the shortages in the escrow accounts of LandCastle Title. In August, Fidelity National Financial acquired a 70% stake in LandCastle.
The company’s Mortgage Monitor for December and year-end 2013 noted that despite the slight monthly increase the rate fell 9.85 percent from December 2012 to December 2013 bringing delinquencies..
Shadow inventory rocked by foreclosure snafu March | 2011 | Irvine Housing Blog | Page 2 – Shadow inventory rocked by foreclosure snafu. by CHRISTINE RICCIARDI – Monday, March 21st, 2011, 5:08 pm . Foreclosure time lines and an abundance of distressed home sales are causing wide fluctuations in shadow inventory across the country.
First American, for those unfamiliar, is the country’s second leading title insurance provider, trailing only Fidelity National Financial (FNF. Tax changes, price increases, interest rate increases.
Fidelity increases stake in LandCastle Title Sources: loanDepot withdraws Initial Public Offering Flagstar Bancorp, Inc. (NYSE:FBC) Q1 2010 Earnings Call Transcript April 28, 2010 11:00 AM ET Executives. to reduce our reliance on wholesale deposits, as you may have seen, with core deposit.
Fidelity National Title Group, a major title insurance firm, announced it has acquired a 70 percent stake in Landcastle. Fidelity “stands behind the funds you have on deposit, or may in the future.