Fidelity National announced that it cut 1,500 of the 5,500 jobs it inherited from the recent LandAmerica acquisitions in January, and it also closed 125 offices. While more cuts are possible, depending on the market, it said that it expects the largest cuts have probably taken place.
Sad Times for More Title Insurance Employees
by Jeanne Johnson of LandRec.com
More Title Insurance employees will be looking for jobs. LandAmerica Financial Group Inc., a Virginia based company, started in 1925, is closing shop. It filed formal notice with the State of Virginia that all remaining headquarters jobs will be eliminated by Dec. 31. Employees will receive no severance.
MERS Ruled Nominee and Not Lender in Foreclosure Actions
by Jeanne Johnson of LandRec.com
A Florida Circuit Court judge has ruled that MERS cannot stand as plaintiff in foreclosure cases, prompting MERS to suspend all foreclosure actions in Florida.