Items Tagged with 'Stewart Information Services Corporation'


  • Massive title insurance merger: Fidelity National buying Stewart for $1.2 billion

    A title insurance monolith is born
    The title insurance world is about to get a whole lot smaller, as Fidelity National Financial is set to buy Stewart Information Services in a massive $1.2 billion deal. Fidelity is already one of the nation’s largest title insurance and settlement services provider, and now, it’s set to acquire one of its biggest competitors.
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  • Stewart adds former Nationstar EVP David Hisey as chief financial officer

    Also served as CFO at Fannie Mae
    Stewart Information Services, a real estate services company, announced this week that it added David Hisey as the company’s new chief financial officer. Hisey will also serve as Stewart’s secretary and treasurer. Hisey previously worked at Nationstar Mortgage, serving as the nonbank’s executive vice president, chief strategy and external affairs officer until June 2015.
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  • CSC acquires e-document business from PropertyInfo

    Expanding eRecording business into 600 additional counties
    Corporation Service Company announced that it has acquired the electronic document recording submitter business of PropertyInfo Corporation. By becoming part of the CSC network, current PropertyInfo customers will now have access to more than 600 additional counties for eRecording.
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  • Title Industry Titans Feel the Pain of Housing, Mortgage Downturn

    The mortgage mess hit the balance sheets of three large title insurance providers this week, showing that the real estate mess has yet to work its way through the system. Stewart Information Services Corporation [stock STC][/stock], LandAmerica Financial Group, Inc. [stock LFG][/stock] and The First American Corporation [stock FAF][/stock] all said this week that the market downturn pushed revenues and income lower during the first quarter -- with two of the title companies posting net losses for Q1. LandAm Sees Transaction Volume Dry Up
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  • Stewart Hammered by Housing Slowdown; Net Income Drops 51 Percent

    Stewart Information Services Corporation said today that its net earnings for 2006 dropped more than 51 percent, falling to $43.3 million from $88.8 million one year ago, due largely to sluggish volume in its U.S. residential title insurance business. The drop in earnings came in spite of an increase in revenue at the real estate information services giant, driven by the company's aggressive acquisition strategy during the past year. Stewart reported revenues of $2.5 billion for 2006, up from $2.4 billion in 2005.
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