Bank of America and Fidelity National Reach Agreement for REOs

Under the agreement, Jacksonville, Florida-based Fidelity agreed to continue to provide title insurance for Bank of America’s recently foreclosed homes. BofA agreed to cover all court related costs and settlements related to any lawsuits, and Fidelity agreed it would defend new homeowners in court.


Charlotte, North Carolina-based Bank of America is working on similar agreements with other title insurers, though at this time it has not lifted its ban on foreclosure proceedings.



http://www.dsnews.com/articles/bank-of-america-and-fidelity-national-reach-agreement-for-reos-2010-10-18