Fidelity National Financial to Buy Mortgage Firm Assets
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Title insurer Fidelity National Financial Inc. said Friday that it has agreed to acquire the operating assets of a Minnesota company. Fidelity would not disclose the price it is paying for the assets of Northwest Mortgage Services Inc. The assets include outsourcing operations, default processing, management systems and Northwest’s California foreclosure and trustee operations. Fidelity is close to completing its acquisition of Chicago Title Corp., making the combined operation the nation’s largest title insurer.
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