GMBStaff
17 Nov 23
Fidelity National Financial's shares have outperformed in the face of a slowdown in housing activity, thanks to the increasing value of its stake in F&G. The company's title insurance business has been impacted by declining home sales and reduced inventories. Fidelity has responded by reducing exp...
Fidelity National Financial's shares have outperformed in the face of a slowdown in housing activity, thanks to the increasing value of its stake in F&G.
The company's title insurance business has been impacted by declining home sales and reduced inventories. Fidelity has responded by reducing expenses and managing headcount to adapt to market conditions, while also allocating capital to F&G. However, the high rates suggest that home sales are likely to continue to remain slow, limiting the potential for a recovery in title insurance sales.