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First American Financial Corporation - FAF STOCK NEWS

Welcome to our dedicated page for First American Financial Corporation news (Ticker: FAF), a resource for investors and traders seeking the latest updates and insights on First American Financial Corporation stock.

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services across the United States and internationally, with a history dating back to 1889. As the parent company of First American Title Insurance Company, it delivers comprehensive title insurance protection and professional settlement services catering to homebuyers, sellers, real estate agents, brokers, mortgage lenders, commercial property professionals, homebuilders, developers, title agencies, and legal professionals.

First American's core services include thorough title searches, title clearance, and title insurance policies that ensure clear property titles and enable smooth real estate transactions. The company operates through two primary segments: Title Insurance and Related Services and Home Warranty. The title insurance segment encompasses real estate insurance, property closing services, escrow services, risk mitigation, and real estate data products, contributing to the majority of the company's revenue. The home warranty segment offers residential service contracts that cover systems such as heating and air conditioning, along with certain appliances, against failures from normal usage.

Recent achievements include strategic partnerships and acquisitions that expand their service network and capabilities. First American Financial Corporation remains dedicated to enhancing the efficiency and security of real estate transactions, making it a significant player in the financial services sector.

For the latest updates and news, First American Financial Corporation frequently publishes reports and insights regarding their financial performance, ongoing projects, and market developments. Stay informed about the latest events and advancements by exploring their official news releases and publications.

News

New York-Jersey City-White Plains, NY-NJ Home Prices Up 6.3% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics, a division of First American Financial (NYSE: FAF), released its February 2024 Home Price Index report, showing a 6.3% national home price increase from February 2023 to 2024, with a slowdown in annualized appreciation. The report highlights a 50% increase in house prices compared to pre-pandemic levels and a 0.7% increase in prices from January to February 2024.
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First American Executive Tanya Ceperley Named a 2024 HousingWire Finance Leader

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First American Financial Corporation's senior vice president of mergers and acquisitions, Tanya Ceperley, has been named one of HousingWire’s 2024 Finance Leaders for her exceptional work in driving financial performance and completing strategic acquisitions. Ceperley's leadership in closing 25 transactions in 2023 highlights her skill in shaping the growth and evolution of First American.
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ServiceMac Recognized by Fannie Mae as a 2023 STAR Performer Award Winner

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ServiceMac, a loan servicer, has achieved top ratings in the U.S. after four years of operations.
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Dallas-Plano-Irving Home Prices Up 5.6% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

Rhea-AI Summary
First American Data & Analytics released its January 2024 Home Price Index report, indicating a slowing pace of annual home price appreciation. House prices hit a new peak in January, with a 7.2% increase year-over-year. The report highlights a cooling trend in appreciation, potentially leading to improved affordability for buyers in 2024.
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Peak National House Price Appreciation May be Behind Us, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics released its January 2024 Home Price Index report, showing a 0.3% increase in house prices between December 2023 and January 2024. Despite a peak in December 2023, annual house price growth slowed slightly in January 2024. The report highlights state and local market price changes, with Pennsylvania leading in year-over-year growth at 8.4%. While house prices increased in all 30 markets tracked, 23 markets remain below their prior peaks.
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Los Angeles-Long Beach-Glendale Home Prices Up 5.6% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

Rhea-AI Summary
First American Data & Analytics, a division of First American Financial Corporation (NYSE: FAF), released its January 2024 Home Price Index report, showing a 7.2% increase in house prices year-over-year nationally. While the pace of appreciation peaked in December 2023, the market is expected to cool down with more supply in 2024.
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New York-Jersey City-White Plains, NY-NJ Home Prices Up 6.5% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

Rhea-AI Summary
First American Data & Analytics released its January 2024 Home Price Index report, showing a 0.3% increase in house prices nationally from December 2023 to January 2024. The report highlights a 7.2% increase in house prices from January 2023 to January 2024, with prices reaching a new peak for the tenth consecutive month. While annual house price growth peaked in December 2023, the pace is expected to slow down in the coming months. The report also reveals that house prices in the New York-Jersey City-White Plains area increased by 6.5% in January compared to a year ago, with the starter tier seeing a 10.9% increase, mid-tier 7.6%, and luxury tier 3.2%. Despite the overall increase, the report notes that house prices in 23 of the top 30 markets are below their prior peaks, with some markets experiencing significant declines.
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Houston-The Woodlands-Sugar Land Home Prices Up 5.1% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

Rhea-AI Summary
First American Data & Analytics released its January 2024 Home Price Index report, showing a 0.3% increase in house prices from December 2023 to January 2024 and a 7.2% increase year-over-year. National house prices reached a new peak in January 2024. The report highlights a cooling trend in annual home price appreciation, with potential for more supply and improved affordability in 2024.
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FirstFunding® Names Matt Coles National Sales Manager

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FirstFunding Inc., a subsidiary of First American Financial Corporation, appoints Matt Coles as national sales manager to enhance sales strategy and operations, aiming to grow customer base and identify new opportunities. Coles brings extensive experience in the mortgage industry and networking skills to drive company growth.
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First American Title Named One of the Most Innovative Technology Companies in Real Estate by HousingWire

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First American Title Insurance Company, a subsidiary of First American Financial Corporation (NYSE: FAF), receives recognition as a 2024 HW Tech100™ Real Estate winner by HousingWire. The company's digital platform, FirstAm IgniteRE™, is praised for simplifying real estate transactions and enhancing customer experience through innovative tools and capabilities.
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FAQ

What is the current stock price of First American Financial Corporation (FAF)?

The current stock price of First American Financial Corporation (FAF) is $61.35 as of January 23, 2025.

What is the market cap of First American Financial Corporation (FAF)?

The market cap of First American Financial Corporation (FAF) is approximately 5.9B.

What services does First American Financial Corporation offer?

First American Financial Corporation provides title insurance, settlement services, home warranties, real estate insurance, and related data products.

What is the primary business of First American Title Insurance Company?

The primary business includes title searches, title clearance, and title insurance policies to facilitate real estate transactions.

How long has First American Financial Corporation been in operation?

First American Financial Corporation traces its history back to 1889.

What are the two main segments of First American Financial Corporation?

The two main segments are Title Insurance and Related Services, and Home Warranty.

Where does the majority of First American Financial Corporation's revenue come from?

The majority of revenue comes from the Title Insurance and Related Services segment.

Who are the customers of First American Title Insurance Company?

Customers include homebuyers, sellers, real estate agents, brokers, mortgage lenders, commercial property professionals, homebuilders, developers, title agencies, and legal professionals.

What does the Home Warranty segment cover?

The Home Warranty segment covers residential systems like heating and air conditioning, and certain appliances against failures from normal usage.

What recent achievements has First American Financial Corporation made?

Recent achievements include strategic partnerships and acquisitions that enhance their service network and capabilities.

How does First American Financial Corporation ensure the efficiency of real estate transactions?

They provide thorough title searches, clearances, and title insurance policies that ensure clear property titles and facilitate smooth transactions.

Where can I find the latest news about First American Financial Corporation?

You can find the latest news and updates on their official website and news releases.
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First American Financial Corporation

NYSE:FAF

FAF Rankings

#1182 Ranked by Market Cap
#903 Ranked by Dividends

FAF Stock Data

5.95B
98.14M
3.74%
89.53%
1.5%
Insurance - Specialty
Title Insurance
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United States of America
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