Industry News

Cendant Settlement Services expands in South

Acquires assets of Mid South Title Agency

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Cendant Settlement Services Group, a subsidiary of Cendant Corp., on Monday announced that it has acquired the assets of Mississippi-based Mid South Title Agency Inc. and its affiliates Mid South Title Agency of Alabama Inc., Nationwide Title and Closing Services Inc. and Southern Closing Services Inc. CSSG purchased the assets from Fred Ross Jr., Mid South's owner and founder. Mid South Title Agency, based in Jackson, Miss., and its affiliates are licensed and operating in seven states. The terms of the transaction were not disclosed and the transaction is not expected to have a material impact on the financial results of either Cendant or its Real Estate Services Division, according to a press statement. Mid South Title Agency will now operate as part of Apex Real Estate Information Services, a wholly owned subsidiary of CSSG that is licensed and operating in 35 states, including each of the states where Mid South Title Agency does business: Alabama, Arkansas, Florida, Mississippi...