Despite a double-digit drop in both opened and closed orders, an increase in its fee-per-file for both residential and commercial transactions helped Stewart Information Services Corp. achieve a 60 percent increase in third-quarter profits.
In a release that accompanied the company’s quarterly results, Stewart CEO Matthew Morris also addressed Stewart’s pending acquisition by Fidelity.
Read on to learn what Morris had to say about Stewart’s third-quarter results and the progress of the Fidelity deal.