LPS National Flood, LLC is now Servicelink National Flood, LLC
On Thursday, January 2nd 2014, Fidelity National Financial (FNF) announced its acquisition of Lender Processing Services (LPS). In addition, we are pleased to announce that Lender Processing Services (LPS) and ServiceLink have united as Black Knight Financial Services, Inc (BKFS). Black Knight is comprised of two businesses: Black Knight Financial Services, a technology, data and analytics company; and ServiceLink, a transaction services company that includes our Flood division. Both businesses will work together to deliver the premier solutions our clients and business partners need to achieve long-term success.
Fidelity National Financial, Inc. Announces Formation of Black Knight Financial Services and Issuance of a 35% Interest in Two Black Knight Operating Subsidiaries to Thomas H. Lee Partners, L.P.
Jacksonville, Fla. -- (January 3, 2014) -- Fidelity National Financial, Inc. (NYSE:FNF), a leading provider of title insurance and transaction services to the real estate and mortgage industries, today announced the reorganization of the former Lender Processing Services, Inc. ("LPS") businesses, the formation of a wholly-owned subsidiary called Black Knight Financial Services, Inc. ("Black Knight") and the issuance of a 35% interest in each of Black Knight's two operating subsidiaries, ServiceLink Holdings, LLC ("ServiceLink") and Black Knight Financial Services, LLC ("BKFS"), to funds affiliated with Thomas H. Lee Partners, L.P. and certain related entities. Black Knight, through ServiceLink and BKFS, now owns and operates the former LPS businesses and FNF's ServiceLink business. FNF's core operating subsidiaries now consist of Fidelity National Title Group, Inc. and Black Knight.
Too-big-to-fail banks go ultra safe. For now.
Posted by: The Wall Street Journal
Written by: Geoffrey T. Smith
Changes to the global framework for regulating banks appear to have pushed them into lending more to governments and less to businesses since they were introduced three years ago, ratings agency Fitch said in a study published Monday.
At first sight, the study, which covers the behavior of the 14 European banks designated as relevant to the global financial system (aka. Too-Big-To-Fail) in 2011 and 2012, is ammunition for those who have claimed that the Basel III accords will restrict credit to the real economy.
It also strikes a chord with those who have claimed that the accords foster "financial repression", by creating regulatory incentives for banks to buy government bonds rather than make loans to the productive sector.
Most of all, it flies squarely in the face of the euro zone's acknowledgement last year of the urgent need to untangle the problems of excessive sovereign debt and undercapitalized banks, suggesting that they are more entangled than ever.
We are excited to announce that over the coming months OnePointCity will be updating our look and feel to further improve our customer experience.
OnePointCity is part of Lender Processing Services (NYSE: LPS). LPS is a Fortune 500 company and is the leading provider of mortgage and consumer loan processing services, mortgage settlement services, default solutions and loan performance analytics, as well as solutions for the real estate industry, capital markets investors and government offices.
LPS' high-performance technology, robust data, innovative services and award-winning customer support are why most of the nation's top 50 banks have chosen LPS to provide the solutions they need to achieve their business goals and succeed in today's competitive marketplace.