RBC analyst Mark Dwelle and KBW analyst Nathaniel Otis told TheStreet that the investigations into the foreclosure ruling should have little impact on the title insurance industry. There is nothing in the disputes for foreclosures and the foreclosed that would create a title break," Dwelle said. It doesn't look like the title companies should have any real exposure.
That is a pretty accurate statement, there may be a few issues that might result in a title claim but will not be widespread. They may be a few "defense claims" but typically a title insurer would look to the lender to defend their own foreclosure.
bought in at 14.80... good buy on the dip price.. looking at 4%+div. as a cushion... fnf seems to be sound. buy and hold to 178-12 mo.