How the Latest Ransomware Attack Could Affect Your Real Estate Deal
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 29 November 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. |
| 0:07.0 | It's time for some money rehab. |
| 0:11.0 | A random. All right, here's your weekly roundup of the biggest headlines on Wall Street and how |
| 0:18.0 | they affect your finances. Our first story is something of a sleeper unless it's directly impacting you in which case |
| 0:24.4 | it is probably all you can think about I am talking about the breach over at |
| 0:27.9 | Fidelity National Financial. |
| 0:29.4 | Pause take a breath I know what you're thinking. Let me be super |
| 0:33.2 | duper clear. Fidelity National Financial is completely unrelated to |
| 0:37.3 | Fidelity Investments, the brokerage company. However, Fidelity National Financial |
| 0:42.3 | is related to a whole bunch of other companies with fairly similar sounding names. |
| 0:47.0 | But again, none of these are related to Fidelity Investments, the brokerage company, so we're not talking about the company that has your 401k. |
| 0:54.5 | So just want to be really clear on that before I move on. |
| 0:57.9 | Last week, Fidelity National Financial Company, which is a title insurance company and a real estate transaction service provider for the mortgage and insurance industry |
| 1:06.1 | suffered a major cyber security incident and suspended operations. |
| 1:10.9 | They filed the paperwork with the SEC and put all of their real estate |
| 1:14.1 | transactions on hold. This has left homebuyers, sellers, and real estate agents in a |
| 1:18.6 | holding pattern while they wait for more information. Since mortgage underwriting |
| 1:22.4 | is often the longest part of the process, a slowdown |
| 1:25.6 | here means that things can actually go to a crawl. Fidelity National Financial or FNF owns many subsidiaries including Fidelity National Title, National Title of New York, |
| 1:37.1 | Fidelity National Title of California, Fidelity National Title of Hawaii, Chicago National Title, |
| 1:42.3 | the list goes on and on and on. |
| 1:44.0 | Because of all of the companies, they own, the parent company, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Money News Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Money News Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.
