Fidelity National Sees Earnings Fall 92 Percent

[Michael Tipton]

Another reason for lower AMC fees?

Title industry giant Fidelity National Financial, Inc. (FNF: 12.43 -2.43%) said late Wednesday that earnings fell to just $6.9 million, or $.03 per share, during the second quarter as the company continued to struggle with falling order volume and rising claims; the results contrast with $84.8 million in earnings, or $.38 per share, in the year-ago period.

...

Fidelity National recently spun off its mortgage services division into Lender Processing Services, Inc. (LPS: 30.41 -0.85%); unlike the title operations of its former parent, LPS is seeing demand for its services — particularly related to managing borrower defaults — surge dramatically, sources told HW on Thursday. LPS reports second quarter earnings on August 5.

http://www.housingwire.com/2008/07/24/fidelity-national-sees-earnings-fall-92-percent/

 

[Crunch Hardtack]

Another reason for lower AMC fees?

Title industry giant Fidelity National Financial, Inc. (FNF: 12.43 -2.43%) said late Wednesday that earnings fell to just $6.9 million, or $.03 per share, during the second quarter as the company continued to struggle with falling order volume and rising claims; the results contrast with $84.8 million in earnings, or $.38 per share, in the year-ago period.

No surprise, I've seen some really sloppy title work as of late. Most people just don't give a crap about doing a good job these days and that seems to be the case in every industry/profession.

 

[Crunch Hardtack]

Sorry, duplicate post.