Items Tagged with 'Stewart Information Services'


  • FTC moves to block $1.2 billion merger of Fidelity National and Stewart

    Alleges merger would "substantially reduce competition" in title insurance market
    The $1.2 billion merger of Fidelity National Financial and Stewart Information Services, two of the country’s largest title insurance providers, already had a major hurdle to clear after the New York Department of Financial Services said earlier this year that it does not approve of Fidelity National’s acquisition of Stewart’s New York title operation. But now, the companies have a much bigger problem on their hands: the Federal Trade Commission.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • Stewart 2Q profits plummet to $6.3M down from $26.9M in 1Q

    Litigation and acquisition costs weigh on earnings
    Stewart Information Services on Thursday reported net earnings attributable to Stewart of $6.3 million, or $0.27 per diluted share, for the second quarter 2014, compared to earnings of $26.9 million, or $1.09 per diluted share, for the second quarter 2013.
    Read More
  • Strong Stewart equity gains lift HW 30

    Investors shrug off bad retail, jobless data for day of gains
    Stocks rose Thursday into the afternoon, erasing earlier losses as buyers shrugged off the dismal retail sales news for January and the increase in jobless claims.
    Read More
  • Title insurers take hit on HW 30

    Refinance nosedive plays a huge role and Radian fares the worst
    Title insurers may be yet another component of the housing market that is being impacted by the drop-off in refinance activity — and their stocks will prove it.
    Read More