FIS » Topics » In the wake of the current mortgage crisis, there could be adverse regulatory consequences or litigation that could affect us.

These excerpts taken from the FIS 10-K filed Feb 29, 2008.
In the wake of the current mortgage crisis, there could be adverse regulatory consequences or litigation that could affect us.
 
Various aspects of our businesses are subject to federal, state and foreign regulation. The sharp rise in home foreclosures that started in the United States during the fall of 2006 and has accelerated in 2007 and 2008 has begun to result in investigations and lawsuits against various parties commenced by various governmental authorities and third parties. It has also resulted in governmental review of aspects of the mortgage lending business, which may lead to greater regulation in areas such as appraisals, default management, loan closings and regulatory reporting. Such actions and proceedings could have consequences that could adversely affect our business.
 
In the
wake of the current mortgage crisis, there could be adverse
regulatory consequences or litigation that could affect
us.



 



Various aspects of our businesses are subject to federal, state
and foreign regulation. The sharp rise in home foreclosures that
started in the United States during the fall of 2006 and has
accelerated in 2007 and 2008 has begun to result in
investigations and lawsuits against various parties commenced by
various governmental authorities and third parties. It has also
resulted in governmental review of aspects of the mortgage
lending business, which may lead to greater regulation in areas
such as appraisals, default management, loan closings and
regulatory reporting. Such actions and proceedings could have
consequences that could adversely affect our business.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 29, 2008
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