Industry News

Subprime problems hurt LandAmerica profits

Capital Title merger helps grow revenue in weak housing market
Published on Apr 25, 2007

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by CareyBot

First-quarter revenue was up but profits were down sharply at LandAmerica Financial Group Inc., mainly because of problems with a subprime lender that’s a LandAmerica customer, the company reported Tuesday. LandAmerica, which sells title insurance and provides services to mortgage ...