Foley says Fidelity was ‘really dumb’ to let LPS get away

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Foley says Fidelity was ‘really dumb’ to let LPS get away

Foley says Fidelity was ‘really dumb’ to let LPS get away

Something tells me he obviously knew what was about to go on with robo-signing! So let the storm calm down and reacquire it…simple.


Jacksonville-

Nearly a year after reacquiring Lender Processing Services Inc., Fidelity National Financial Inc. Chairman Bill Foley wonders why the company ever got rid of LPS in the first place.

“Why we did that and how we let LPS get away from FNF, because that’s why we moved here to start with, we still are kind of mystified by that,” Foley said at an “Investor Day” presentation at the company’s Jacksonville headquarters Dec. 4.

Fidelity, which is mainly a title insurance company, bought the company that became LPS from Alltel Corp. in 2003 and then moved its headquarters from California to LPS’ offices in Jacksonville.

[JACKSONVILLE]

image: Jacksonville

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