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How the Fidelity merger with LPS negatively impacts independent land title agents

( September 12, 2013, 09:00 GMT | Official Statement) -- MLex Summary: The National Association of Independent Land Title Agents has issued a white paper opposing Fidelity National Financial’s proposed $2.9 billion buyout of fellow NYSE-listed title insurer and mortgage processing services provider Lender Processing. The white paper concludes the deal will result in “less competition in the title insurance industry, higher costs to consumers over a longer period of time and the continued erosion of services that are provided as part of the title and closing experience.”Statement follows in full....

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