| Date | Title | Description |
| 15.05.2024 |
Proof launches AI-powered fraud detection tool | Remote online notarization (RON) firm Proof has launched an artificial intelligence (AI)-powered fraud detection tool called Defend. According to the company’s announcement on Tuesday, the tool is built into the Proof platform.
The firm sai... |
| 14.05.2024 |
Service provider LERETA appoints new CTO | Financial services company LERETA appointed Mitch Bledsoe to the position of chief technology officer, the company announced on Tuesday.
Bledsoe joined LERETA in 2022 to serve as the senior vice president of enterprise technology. In his ne... |
| 01.05.2024 |
Title premium volume fell 31% in 2023 | As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023, title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31%... |
| 29.04.2024 |
Title insurance executives are confident the Biden proposals won’t come to much | Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. Last week, big four membe... |
| 07.03.2024 |
First American’s Paul Hurst on the allure of big tech ideas | HousingWire Editor in Chief Sarah Wheeler sat down with Paul Hurst, chief innovation officer at First American, to talk about the challenge of attracting and retaining tech talent and how to know if a project has a big enough vision.
Sarah ... |
| 02.03.2024 | Millennials Will Be Millionaires: How Crypto, Blockdag Could “Save” A Generation | The Times reports that the “avocado generation” will be thriving. In the article published on Wednesday and titled “Millennials set to become ‘richest generation in history,’” David Byers says that “The cohort struggling to afford their own... |
| 01.03.2024 |
Opinion: Improving housing affordability without exposing homebuyers to more risk | It is no secret that there is a housing affordability challenge in the U.S. According to the National Association of Realtors’ (NAR) Housing Affordability Index, since spring of last year, a typical family with a median income have not been... |
| 22.02.2024 | Prepare for house price growth to slow, says First American chief economist | Economy Prepare for house price growth to slow, says First American chief economist
Chris Johnston
2024-02-22T16:44:24Z
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| 22.02.2024 | Say goodbye to the peak of home price appreciation, Fortune 500 chief economist says—it’s behind us | The housing market has been all but impossible to crack for many buyers the past two years. The coupling of mortgage rates and home prices being on the rise made the thought of buying a house painful—and, for sellers, losing their sub-3% mo... |
| 01.02.2024 |
Announcing the 2024 Tech100 Real Estate winners! | The Tech100 Real Estate award celebrates the most innovative and impactful organizations in housing. More than just an acknowledgment; the Tech100 award is a testament to the transformative impact these companies have made, propelling the r... |
| 24.01.2024 |
Consumer protection is what title insurance is all about | Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. But there appears to be a light at the en... |
| 17.01.2024 | Gen Z vs. the Silver Tsunami | Redeem now
You can't talk about the housing shortage or runaway home prices without boomers on the brain.
Baby boomers dominate America's housing market. Members of the "Me" generation own nearly $19 trillion worth of US real esta... |
| 29.12.2023 |
First American says system has been restored; perpetrator stole data | More than a week after it shut down systems to combat a cybersecurity incident, title insurance giant First American Financial says it has restored some key systems and “contained the threat.”
Though details about the hack — which has delay... |
| 14.12.2023 |
Opinion: Title and settlement fees aren’t a barrier to homeownership | In 2023, Fannie Mae and Freddie Mac announced plans to make it easier to buy a home and close the racial homeownership gap in the United States.
Homeownership is one of the most important decisions in a person’s life and is a primary vehicl... |
| 29.09.2023 | There's one 'lucky' group of homeowners in America's housing market, says a Zillow economist | High prices and mortgage rates have hit US home sales. Saul Loeb/AFP/Getty Images
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US homeowners who are downsizing are "lucky," Skylar Olsen, Zillow's chief economist, told MarketWatch.
US home prices have gained strong... |
| 28.07.2023 |
Title firms turn profits in Q2 despite the headwinds | Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during th... |
| 31.05.2023 |
DataDigest: Where renters can actually afford to buy | With mortgage rates currently at 7.04%, many first-time homebuyers – typically millennials – will be forced to continue to rent.
But the U.S. housing market is not a monolith, so today we’re going to look at some markets where affordability... |
| 02.05.2023 |
You can’t buy what’s not for sale in the housing market | The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and... |
| 27.04.2023 |
Big Four executives bemoan housing market conditions | Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning.
“The sha... |
| 09.03.2023 | Fannie Mae rumored to be looking at forgoing title insurance | The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months.
Nearly a year after announcing that it would begin accepting attorney opinion letters (AO... |
| 31.10.2022 | Title insurers turn profits even as the market cools | Third-quarter earnings season kicked off with a bang last week with three (Stewart, First American and Old Republic) out of the Big Four title insurers reporting their earnings on Thursday.
Given the current volatile mortgage rate environme... |
| 22.10.2022 | The ‘Pandemic Boom Markets’ Where Home Price Growth Is Slowing the Most | The pandemic housing boom is officially over. Home price appreciation has stalled, with markets in the West leading the nation in declines, according to a new report.
“Pandemic Boom Markets Cooling the Fastest,” a report from First American... |
| 20.09.2022 | What does the new normal for first-time homebuyers look like? | Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growt... |
| 25.08.2022 | First American launches digital platform for title agents | Title insurance underwriter First American has launched a new digital platform for title agents, according to an announcement on Thursday.
The company says that the new platform, known as PRISM, combines automation and marketing tools, allo... |
| 28.07.2022 | Stewart and First American grapple with drops in title orders | During their first quarter 2022 earnings calls with investors, “Big Four” title insurers, Stewart Information Services Corporation and First American Financial, both stressed how prepared they were to take on a rising interest rate environm... |
| 15.06.2022 | Listing Price Hikes, Rising Rates And Impending Inflation: How New Factors In The Housing Market Could Impact Investors | Zain Jaffer is the founder and president of Zain Ventures, a family office that invests in real estate. |
| 28.04.2022 | First American off to a slow start in 2022 | After a record breaking year in 2021, 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago.
Net income,... |
| 01.04.2022 | PropTech Retrospect: Construction tech tackles payment and supply hurdles | Welcome back to the PropTech Retrospect, where I cover the most exciting deals, technologies and startups making waves each month in the way real estate and property is handled.
This March, we saw another handful of notable venture capital ... |
| 31.03.2022 | Proptech bettor First American looks toward mortgage tech and CRE | The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy.
As of Sept. 30, First American had deployed $... |
| 30.03.2022 | Proptech bettor First American looks toward mortgage tech and CRE | The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy.
As of Sept. 30, First American had deployed $... |
| 26.02.2022 | One reason the wealth gap keeps growing: Poorer Americans don't know when it's best to buy or sell a home | An economist says the US wealth gap is growing as Americans navigate their investments differently.
It's exemplified by the relationship poorer and richer Americans have with homeownership.
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Buying a home can help you build wea... |
| 10.02.2022 | First American reports record breaking year | Just like other “Big Four” member Old Republic last week, First American Financial announced record breaking earnings during its fourth quarter earnings call on Thursday.
The company’s total revenue for 2021 was up 30% from 2020 to a record... |
| 09.02.2022 | Ken DeGiorgio to become CEO of First American | Change is in the air First American Financial Corporation. The second largest of the “Big Four” title insurers announced Wednesday that Kenneth DeGiorgio, who has served as the company’s president since May 2021, has been appointed chief ex... |
| 19.01.2022 | Some homeowners are lying about where they live to buy homes cheaper and take advantage of the rise in remote work | Occupancy fraud, where loan borrowers lie about their primary residence, is on the rise thanks to COVID-19 and remote work. Crystal Cox/Insider
Occupancy fraud involves misrepresenting a secondary home to secure lower interest rates.
It's o... |
| 18.11.2021 | Mortgage Coach integration with First American Title empowers consumers with greater insight into title fees during the loan selection process | IRVINE, Calif., Nov 18, 2021 (SEND2PRESS NEWSWIRE) -- Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, today announced... |
| 09.11.2021 | What’s driving First American’s big bets on proptech | First American, the nation’s second-largest title insurance company, has not been shy about its desire to be at the forefront of the title insurance industry’s technology revolution.
In just the last two years, it has launched or acquired a... |
| 04.11.2021 | First American Kicks Off 10th Year of Innovative “Women in Leadership Program | Program designed to cultivate women leaders continues to grow and now reaches more women in multiple ways
November 4, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading provider of title insurance, settlemen... |
| 21.10.2021 | With $150M in new funding, Endpoint plans to expand | Endpoint, a platform that provides buyers, sellers and agents with a completely digital way to close on properties, announced Tuesday that it has secured an additional $150 million in funding. The funding came from parent company First Amer... |
| 19.10.2021 | First Farmers Financial Corporation announces an Equity Buyback for $2 million worth of its shares. | First Farmers Financial Corporation (OTCPK:FFMR) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its outstanding common stock. The program will be funded from the current availa... |
| 11.10.2021 | First American Financial : Announces Third Quarter 2021 Earnings Conference Call | October 11, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that it will host a con... |
| 30.09.2021 | First American Title partners with Notarize on RON | First American Title Insurance Company announced Thursday that it has partnered with Notarize to expand and accelerate adoption of remote online notarization (RON).
RON capabilities will be available through the company’s Direct and Agency ... |
| 28.09.2021 | First American Financial : House Prices in All 50 Top Markets More Affordable Than Their Housing Boom Peaks, According to First American Real House Price Index | If prices continue to outpace house-buying power, affordability will suffer, but we're still a long way from 2006, says Chief Economist Mark Fleming
September 28, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF),a le... |
| 16.09.2021 | First American Financial : Ranked Among the Best Workplaces for Women by Fortune and Great Place to Work® for Sixth Consecutive Year | September 16, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today that Fortune® magazin... |
| 25.08.2021 | First American Financial : Announces 11 Percent Increase to Quarterly Cash Dividend | Increases Share Repurchase Authorization by $300 million
August 24, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real esta... |
| 13.07.2021 | First Farmers Financial Corporation announces an Equity Buyback for $2 million worth of its shares. | First Farmers Financial Corporation (OTCPK:FFMR) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its outstanding common stock. The program will be funded from the current availa... |
| 12.07.2021 | Millennials are still driving a ‘roaring ’20s’ of homeownership demand, but there aren’t enough houses for them | There are too many potential millennial homebuyers, and not enough homes. GeorgePeters/Getty Images
Millennials drove potential homeownership demand to a record high in 2020, per First American.
But a lower homeownership rate indicates ther... |
| 08.07.2021 | First American Financial : Announces Second Quarter 2021 Earnings Conference Call | Earnings release dates for remainder of 2021
July 8, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions... |
| 21.06.2021 | First American settles cybersecurity case with SEC | The Securities and Exchange Commission announced last week a cybersecurity violation by title insurance giant First American Financial Corp. after the company learned of a breach that exposed customer social security numbers and sensitive f... |
| 16.06.2021 | SEC Fines Real Estate Firm for Lax Disclosure Practices | A real estate settlement services company has run afoul of the Securities and Exchange Commission (SEC) for not properly acting on security vulnerabilities when first aware of them.
On June 15 the SEC said they have settled charges against ... |
| 19.05.2021 | First American names Ken DeGiorgio as president | First American Financial Corporation has announced a new addition to its C-Suite.
Kenneth DeGiorgio, who joined First American in 1999, has been named president. In his new position, DeGiorgio will have oversight responsibility for the corp... |
| 04.05.2021 | FIRST AMERICAN FINANCIAL CORPORATION
First American Financial : Title Launches Transformative Enhancements to its ClarifyFirstTM Platform, Accelerating the Digital Future of the Commercial Title Indu... | With over 22,000 active ClarityFirst customers since launch, First American Title National Commercial Services Division is leading the digital transformation of the commercial real estate transaction and title insurance
May 4, 2021, Santa A... |
| 19.04.2021 | First American Woman To Raise Over $1 Million Pre-Seed Funding In Food And Beverage Wants You To Cut Carbs Starting With Bagels | Better Brand's Grain-changing Technology™ helps significantly reduce carbohydrates in traditionally ... [+] carb-heavy foods, such as bagels. Better Brand |
| 09.04.2021 | First American Financial : Announces First Quarter 2021 Earnings Conference Call | Earnings release dates for remainder of 2021
April 9, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transaction... |
| 09.04.2021 | FIRST AMERICAN FINANCIAL CORPORATION
First American Financial : Announces First Quarter 2021 Earnings Conference Call | Earnings release dates for remainder of 2021
April 9, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transaction... |
| 17.02.2021 | First American partners with loss mitigation provider | First American Mortgage Solutions, a subsidiary of “Big Four” title insurer First American Financial, has executed a strategic tech integration with default and loss mitigation workflow provider BackInTheBlack.
The integration allows First ... |
| 12.02.2021 | FIRST AMERICAN FINANCIAL CORPORATION
First American Financial : Fourth Quarter and Full Year 2020 Results> | First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced financial results for the fourth quarter ended Dec. 31, 202... |
| 12.02.2021 | First American Financial : Fourth Quarter and Full Year 2020 Results> | First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced financial results for the fourth quarter ended Dec. 31, 202... |
| 11.02.2021 | First American Financial : Diversity, Equity and Inclusion Council Formed to Further the Company's Inclusive Workplace Culture | February 11, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today the formation of a Div... |
| 11.02.2021 | First American notches $7.1B in 2020 revenue | “Big Four” title insurer First American Financial Corp. announced a healthy $7.1 billion in total 2020 revenue in its annual earnings report, released Thursday.
That’s a 14% rise year over year, according to officials.
Net income was $696.4... |
| 03.02.2021 | First American Financial : Earns Top Marks on Human Rights Campaign Foundation's 2021 Corporate Equality Index for Fourth Year in a Row | Company earns 100 percent on Human Rights Campaign Foundation's annual assessment of LGBTQ Workplace Equality
February 3, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance... |
| 25.01.2021 | First American exits property and casualty business | “Big Four” title insurer First American Financial Corp. announced Monday that it has reached an agreement to sell its property and casualty subsidiaries.
The sales – known as “book transfer agreements” in accounting parlance – were made wit... |
| 14.01.2021 | First American Financial : Named One of the 2021 Best Workplaces in the San Francisco Bay Area by Great Place to Work® and Fortune for Second Year in a Row | January 14, 2021, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today that Fortune® and Great... |
| 08.01.2021 | Will there be a housing supply shortage in 2021? | This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions for our HW+ members. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel. In e... |
| 23.12.2020 | The good, the bad, and the likely for housing in 2021 | Despite the pandemic, incredibly, the housing market has surpassed all expectations in 2020. Applications to purchase a home hit a low point in the spring due to stay-at-home orders and mandated business closures, but have rebounded swiftly... |
| 22.10.2020 | Docutech purchase drives First American information revenue up 38% | Earlier this year, First American made its latest move toward a fully digital mortgage with its purchase of mortgage tech firm Docutech. Now, that purchase is driving up the company’s revenues.
The company rebranded to First American Docute... |
| 04.02.2020 | First American’s data solution creates clear and efficient data reports | Xtent, by First American Mortgage Solutions, is the next generation information report for the mortgage industry, helping lenders and servicers make critical risk decisions by providing accurate title, property and borrower data from more t... |
| 15.01.2020 | Property Sales, Buying, and Closing Processes: An Overview | For first-time property buyers and sellers, the process to sell or buy a home will often seem like a daunting task. Buying or selling is definitely a big step forward in your life, and the process comes, unfortunately, with a long and somet... |
| 16.12.2019 | [Pulse] Housing is in the middle of an inventory crisis. Here’s why | It’s no surprise to anyone in the real estate or mortgage industry that there’s a critical shortage of homes for sale – the four-month supply of homes for sale today is between 30-40% lower than the number of homes for sale in a normal, hea... |
| 24.05.2019 | First American site bug exposed 885 million sensitive title insurance records | News just in from security reporter Brian Krebs: Fortune 500 real estate insurance giant First American exposed approximately 885 million sensitive records because of a bug in its website.
Krebs reported that the company’s website was stori... |
| 13.05.2019 | Tax changes have impacted only the wealthiest U.S. housing markets | More than a year after the 2017 Tax Cuts and Jobs Act reduced tax breaks for homeowners, only the wealthiest Americans are suffering, according to a new report.
The real estate industry was concerned about the impact of two items in the 186... |
| 11.12.2018 | Millennials will purchase at least 10 million new homes in the next 10 years | According to U.S. Census Bureau and First American calculations, over the next 10 years, Millennials are expected to purchase at least 10 million new homes. By 2060, it is estimated that the generation will have produced more than 20 millio... |
| 31.08.2018 | In real estate, man’s best friend is often calling the shots | While homebuyers look for homes of all different shapes and sizes, data reveals that most of them have one major thing in common.
Here’s a clue: They typically have four legs and they can have a major impact on a buyer’s decision.
A recent ... |
| 27.08.2018 | First American: Home prices could be at tipping point | Home prices may have finally reached their tipping point after increasing 11.4% year-over-year.
According to First American’s Chief Economist Mark Fleming, home prices are in the beginning stages of correcting to demand.
“As buyers pull bac... |
| 27.08.2018 | What cities can renters actually climb the property ladder? | It’s a tall task to find affordable digs these days, but there are a handful of the 50 biggest cities where you have a chance.
Low inventory of homes on the market along with climbing mortgage and interest rates and a number of other econom... |
| 10.07.2018 | First American economist: Millennial mortgage market is “far from dead” | Although homeownership rates remain close to half-century lows, a large percentage of Millennials are still determined to actualize the American dream, according to a data blog written by Mark Fleming for First American.
First American’s Ho... |
| 08.05.2018 | Mortgage rates will keep rising, but Loan Officers shouldn’t worry | The Federal Reserve is widely expected to maintain the rising interest rate environment for the foreseeable future.
Analysts at investment management firm Alliance Bernstein, posting this on equity research crowdsite Harvest, provided three... |
| 20.03.2018 | What would happen to mortgage lending if interest rates doubled? | [Ed Note: This economic forecast was first republished for quick access for LendingLife readers, with the permission of author and economist Mark Fleming. The original post can be read on the First American Economic Center Blog, right here.... |
| 02.10.2017 | First American Mortgage Solutions builds data assets into every offering | #div-oas-ad-article1, #div-oas-ad-article2, #div-oas-ad-article3 {display: none;}
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| 21.07.2017 | First American: Mounting home sales threaten affordability | The market’s potential for existing home sales increased in June, and home sales are even outperforming their potential, according to the updated Potential Home Sales model from First American Financial Corp.
The current potential existing-... |
| 26.02.2017 | First American: Mortgage lending takes riskier turn in 2017 | Over the past few weeks, rising interest rates turned the mortgage markets away from refinances and toward purchases.
However, this move away from refinances also means a move towards riskier loans, according to First American Financial Cor... |
| 22.12.2016 | Real estate professionals lost confidence in housing before election | In a fourth-quarter survey done before the election, real estate professionals were feeling less optimistic about the economy due to the likelihood of rising interest rates and uncertainty about the election, according to the Real Estate Se... |
| 09.08.2016 | Economist: This is why homeownership hit an all-time low | Last month, the U.S. Census Bureau released its second-quarter estimate of the homeownership rate. The news? “Homeownership rate falls to 62.9%, half a percent lower than a year ago and reaching lows not seen in half a century!”
This is bad... |
| 28.02.2013 | Redfin sets up new title and escrow subsidiary, continuing quest to upend real estate | Redfin has certainly made it clear that it wants to transform the real estate business — initially focusing on the way people buy and sell homes. Now, the Seattle company is branching off in a new direction.
Redfin recently established a ne... |
| 04.05.2009 | First American Posts Q1 Return to Profit | Business information provider The First American Corp. (FAF) posted $36m in net quarterly profit — or 38 cents per share — for Q109 from $29.3m in the year-ago period. The quarter’s return to profit compares with $67m in net losses posted i... |
| 27.02.2009 | First American Posts $67 Million Loss | The First American Corp. (FAF) on Thursday reported a $66.9 million — or 72 cents per share — net loss in the fourth quarter, driven by $50.7 million in increased reserves, $13.7 million in intangible asset impairments and $11.3 million in ... |
| 15.12.2008 | Tech Roundup: Online Post-closing Docs Reduce Costs | First American Document Solutions announced in a press release late last week the availability of ePostClosing.com, its new online portal designed to help lenders and servicers reduce their post-closing document management costs while impro... |
| 19.08.2008 | First American Rolls Out Loss Mitigation Management Platform | First American Default Technologies, a subsidiary of The First American Corp. (FAF), said Tuesday that it had rolled out a new loss mitigation module within its flagship VendorScape default management platform; the move marks the extension ... |
| 05.02.2008 | As HELs Tank, First Am Pulls out Second-Lien Scoring System | HW readers know well by now that things are getting ugly for home equity loans — HW reported on January 3 that HEL deliquencies were at their highest level since 2005, according to a report by the American Bankers Association. First America... |
| 15.01.2008 | First American Warns on Q4 Losses; Will Spin Off Title Insurance Business | One day after competitor Fidelity National affirmed its earnings target for the fourth quarter, The First American Corp. warned Tuesday that it will post an after-tax loss in Q4 that could be as high as $50 million, and announced dramatic p... |
| 01.11.2007 | First American Sees Profit Drop 48 Percent on Housing, Mortgage Woes | The First American Corporation today reported its earnings for the third quarter, and said that profits swooned 48 percent amid an extended downturn in the U.S. housing market. Net income was $46.6 million in the third quarter of 2007, comp... |
| 02.03.2007 | Housing Woes Drive 40 Percent Drop in Net Income at First American | The First American Corporation (NYSE:FAF), America’s largest provider of business information, said yesterday that net income declined 40 percent during 2006, falling to $287.7 million versus $480.4 million during 2005, in spite of a 5 perc... |
| 29.01.2007 | First American Launches RE Information Technology Company; Move Comes After $10M CDI Settlement | In a move that may have been predicated by its recent settlement agreement with the California Department of Insurance, the First American Corporation announced Monday that it has launched MarketLinx, a new company that will address the ful... |
| - | A key piece of the housing-bubble equation is intensifying as home prices spike | AP
Chatter about a housing bubble has grown increasingly loud amid surging home prices and dwindling demand.
Housing-bubble collapses across history have seen three main elements: an economic downturn, higher rates, and lower demand.
With n... |
| - | A mortgage now costs a third of the typical American income — the highest share since 2007 | People walk by a sold sign in front of a house along the Erie Canal in Pittsford, New York, on Monday, Sept. 6, 2021. Ted Shaffrey/AP Photo
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A mortgage payment now costs 31% of the typical American household income, according to B... |
| - | 2 signs the US isn't in a housing bubble | A family talking to a real estate agent. Getty Images
Speculation of a US housing bubble is gaining momentum.
But two key signs point to the conclusion that the real estate market isn't in a bubble.
They both have to do with the fact that m... |
| - | Former Fed chair Ben Bernanke isn't worried about a housing crash | Data from First American shows that Americans' house-buying power is at record levels, and has more than doubled since 2006. Getty Images.
Rising home prices are triggering fears of a foreclosure crisis the likes of 2008.
But Former Fed cha... |
