PE 30?? It takes a fast growing company to have such PE value. The fair value for PE of FnF shall be in the range of 8-14.
Also you have to bear in mind that currently FnF have 90% of the MBS market which the government would find unacceptable for a healthy market. FnF's market share will be reduced significantly. So the pps of 200 is not gonna happen. I would say roughly about 50.