FNAMS Concludes a Transaction with Real Estate Services Network (RESN)


March 14, 2003

Westminster, Colorado -- Fidelity National Asset Management Solutions Inc. (FNAMS), the nation's leading provider of REO outsource services, announced today, 3-14-03, that it concluded a transaction with Real Estate Services Network (RESN) of Los Angeles, for the acquisition of contracts and agreements to manage and dispose of 1,188 single family properties for a number of prominent lenders and mortgage servicers. With its current inventory of residential REO properties, FNAMS will manage in excess of 4,500 residential assets located throughout the United States, Puerto Rico and the US Virgin Islands.

As part of the transaction, FNAMS also acquired www.buybankhomes.com that it will operate and promote as The Source for Foreclosed Homes.

"This transaction significantly expands our business model of being close and involved with the top REO brokers across the country while providing superior service to our lender-clients. The acquisition and enhancement of the Internet portal www.buybankhomes.com furthers our strategy to tap into the power of the Web to assist our clients in accessing the broadest possible markets for acquired/foreclosed homes to effect the best possible execution," said Tom Di Mercurio, FNAMS' President and Chief Operating Officer.

Fidelity National Asset Management Solutions Inc. operates in Westminster, Colorado and Tustin, California. The company provides complete property management and REO services including eviction, title ordering and clearing, broker selection and management, and national closing services.

FNAMS is a subsidiary of Fidelity National Financial Inc., the nation's largest title insurance and diversified real estate-related services company. In addition, Fidelity, through its principal subsidiaries, performs other real estate-related services such as escrow, flood certifications, real estate tax services, credit reporting, property appraisal services, exchange intermediary services in connection with real estate transactions, loan portfolio services, field services, default services, foreclosure publishing and posting services, reconveyances, home warranty insurance and real estate information and technology services.

FNF's title insurance underwriters -- Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title -- together issue approximately 30 percent of all title insurance policies nationally. The Company provides title insurance in 49 states, the District of Columbia, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and Canada.

CONTACTS: Tom Di Mercurio, Office #: 303-430-2712, Fax #: 303 - 430.2777, Email: tdimercurio@fnf.com