financetom
Business
financetom
/
Business
/
Stewart Information Services' Sisco Unit to Acquire MCS Mortgage Services Operations for $330 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stewart Information Services' Sisco Unit to Acquire MCS Mortgage Services Operations for $330 Million
Nov 7, 2025 7:24 AM

09:56 AM EST, 11/07/2025 (MT Newswires) -- Stewart Information Services' ( STC ) Sisco unit said Friday it has agreed to acquire the mortgage services operations of Mortgage Contracting Services for $330 million.

The deal includes all operations and technology supporting property preservation efforts for mortgage servicers and lenders, the company said.

Stewart's unit said the acquisition adds default servicing support to its offerings and expands its customer base.

The newly acquired unit will continue to operate independently following the deal's close, expected by year-end, subject to a waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other closing conditions, the company added.

The company plans to fund the purchase with existing resources and expects the deal to be immediately accretive, Sisco said.

Price: 70.99, Change: +1.42, Percent Change: +2.04

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Prestige Consumer Healthcare Fiscal Q1 Adjusted Net Income Rises, Revenue Falls; Lowers Fiscal 2026 Outlook
Prestige Consumer Healthcare Fiscal Q1 Adjusted Net Income Rises, Revenue Falls; Lowers Fiscal 2026 Outlook
Aug 7, 2025
06:41 AM EDT, 08/07/2025 (MT Newswires) -- Prestige Consumer Healthcare ( PBH ) reported fiscal Q1 adjusted net income Thursday of $0.95 per diluted share, up from $0.90 a year earlier. Analysts polled by FactSet expected $1.00. Revenue for the quarter ended June 30 was $249.5 million, compared with $267.1 million a year earlier. Analysts surveyed by FactSet expected $260.8...
Acushnet Holdings Q2 Earnings, Revenue Rise
Acushnet Holdings Q2 Earnings, Revenue Rise
Aug 7, 2025
06:41 AM EDT, 08/07/2025 (MT Newswires) -- Acushnet Holdings ( GOLF ) reported Q2 earnings Thursday of $1.25 per diluted share, up from $1.11 a year earlier. Analysts polled by FactSet expected $1.31. Revenue for the quarter ended June 30 was $720.5 million, compared with $683.9 million a year earlier. Analysts surveyed by FactSet expected $717.4 million. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Healthcare provider Maximus' Q3 revenue beats estimates, raises FY25 guidance
Healthcare provider Maximus' Q3 revenue beats estimates, raises FY25 guidance
Aug 7, 2025
Overview * Maximus ( MMS ) fiscal Q3 revenue rises 2.5% to $1.35 bln, beating analyst estimates * Adjusted EPS for fiscal Q3 increases to $2.16, up from $1.74 last year * Company raises FY25 guidance for revenue, earnings, and free cash flow Outlook * Maximus ( MMS ) raises FY25 revenue guidance to $5.375 bln-$5.475 bln * Company expects...
Copyright 2023-2026 - www.financetom.com All Rights Reserved