Items Tagged with 'Fidelity National Information Services'

ARTICLES

  • Fidelity National to Acquire Metavante

    Fidelity National Information Services Inc. [stock FIS][/stock] said Wednesday it will acquire Metavante Technologies Inc. [stock MV][/stock] in an all-stock deal valued at about $2.94 billion. The deal brings two of the largest core and transaction processing service providers together, and places roughly a 23 percent premium over Metavante's Tuesday closing stock price of $19.96.
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  • LPS Sees Fee-Splitting Lawsuit Dismissed

    A highly-followed and publicized case involving the former Fidelity National Information Services [stock FIS][/stock] and the current Lender Processing Services, Inc. [stock LPS][/stock], centering on allegedly improper fee arrangements involving the servicers and attorneys the company works with, was dismissed Wednesday morning by the Houston-based judge presiding over the case, HousingWire has learned.
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  • A Boon By Default: LPS Earns $51.3 Million for Q3

    Lender Processing Services, Inc. [stock LPS][/stock] said Thursday that earnings fell 24.6 percent during the third quarter, as strength in the company's default businesses largely offset growing weakness in mortgage origination products and services at the Jacksonville, Fla.-based firm.
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  • Fidelity National Spin-Off Posts Q2 Earnings Gain

    Let's be honest: there aren't many publicly-traded mortgage firms seeing their earnings increase right now. Lender Processing Services, Inc. [stock LPS][/stock], recently spun off from Fidelity National Information Services [stock FIS][/stock] into its own stand-alone company, is one of them. The company said Tuesday afternoon that profits rose 5 percent during the second quarter, as the mortgage services giant reaped the benefits of a booming market for its mortgage default management services.
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  • A New Era Starts for Fidelity National's Mortgage Services Business

    Those with any history in the mortgage servicing business, or capital markets, likely know the name Fidelity National Information Services [stock FIS][/stock] -- the FIS logomark has been a mainstay at numerous industry events during the past five years, with the sprawling mortgage services company providing nearly every technology and service imaginable to pretty much every facet of the mortgage industry.
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  • Fidelity National Prepping for Possible Loss of BofA

    In a filing with the Securities and Exchange Commission earlier this week, Fidelity National Information Services Inc. [stock FIS][/stock] said that Bank of America may pull its some of its core business from the transactional real estate and default management giant after an expected merger with Countrywide Financial Corp. [stock CFC][/stock] is completed.
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  • Wolters Kluwer, Fidelity Announce Loss Mit Partnership

    Loss mitigation technology is among the hottest in the entire mortgage sector, as the number of troubled borrowers continues to mushroom -- and as policymakers and industry regulators lean on servicers to find new and creative ways of working with consumers, technology companies are moving quickly to deliver solutions that can help servicers manage the quickly-increasing workload more effectively.
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