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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

ACI™ Introduces SureStep® Mobile, an Advanced Appraisal Data Collection and Order Management Solution

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ACI™ (NYSE: FAF) introduces SureStep® mobile, a comprehensive appraisal inspection solution for appraisers, allowing full onsite inspections from smartphones or tablets. The app helps appraisers manage calendars, receive public records data, and seamlessly import completed inspections into ACI Report™.
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First American Title Executive Garrett Page Named a 2023 HousingWire Tech Trendsetter

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First American Title Insurance Company (NYSE: FAF) announced that Garrett Page, senior vice president of product development and technology services, has been named one of HousingWire’s 2023 Tech Trendsetters. Page was recognized for his role in the growth of IgniteRE™, an innovative digital platform offering real estate professionals tools to support home buyers and sellers. The 2023 HW Tech Trendsetters were selected for their contributions to the housing industry as a whole.
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First American Financial Corporation to Participate in KBW Virtual Title Insurance Day Conference

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First American Financial Corporation (FAF) will participate in a fireside chat at the KBW Virtual Title Insurance Day conference on Nov. 30, 2023. The company is a leading provider of title, settlement, and risk solutions for real estate transactions and is at the forefront of digital transformation in its industry.
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New York-Jersey City-White Plains, NY-NJ Home Prices Up 7.7% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Financial Corporation (NYSE: FAF) reveals October 2023 Home Price Index (HPI) report, indicating a 7.7% increase in home prices in the New York-Jersey City-White Plains, NY-NJ CBSA. The surge in long-term bond yields drove mortgage rates to 8%, leading to a 'supplier's strike' and continued housing supply constraint. Resilient first-time home buyer demand and ongoing supply shortages kept price growth strong in the starter tier, while the luxury end of the market saw unexpected surges in price appreciation.
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‘Suppliers’ Strike’ Squeeze on Supply Sends House Prices to Another Record, According to First American Data & Analytics Monthly Home Price Index Report

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First American Financial Corporation (NYSE: FAF) - October 2023 Home Price Index (HPI) report reveals a 0.4% increase in house prices between September and October 2023, with a 7.0% year-over-year increase. Luxury-tier home prices experienced surprising surges in appreciation, indicating robust trade-up demand in markets like Anaheim, San Diego, Charlotte, and Atlanta.
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Houston-The Woodlands-Sugar Land Home Prices Up 4.0% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Financial Corporation (NYSE: FAF) releases October 2023 Home Price Index (HPI) report, showing a 0.4% increase in house prices from September 2023 to October 2023 and a 7.0% increase from October 2022 to October 2023. The report highlights the impact of the 'Suppliers Strike' on housing supply and the record-breaking surge in national house prices. The luxury-tier market experienced unexpected surges in price appreciation, while the five most populous states experienced varied year-over-year growth in the HPI, with South Dakota being the only state with a decrease. The report also provides a glimpse into the methodology used for the HPI, with the next release scheduled for the week of December 11, 2023.
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Dallas-Plano-Irving Home Prices Up 4.1% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Financial Corporation (NYSE: FAF) Reports Record National House Prices in October 2023 Due to Supply Squeeze. The Home Price Index (HPI) shows a 0.4% increase in house prices from September 2023 to October 2023, with a 7.0% increase year-over-year. The surge in long-term bond yields drove mortgage rates to 8 percent, leading to sellers' 'supplier's strike' and holding back housing supply. The lack of supply is constraining the market more than sinking affordability, reaching another record low last month.
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Los Angeles-Long Beach-Glendale Home Prices Up 6.2% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Financial Corporation (NYSE: FAF) - October 2023 Home Price Index (HPI) report reveals record-high national house prices driven by a 'suppliers strike' and constrained supply. Luxury-tier homes saw unexpected price surges, while the surge in long-term bond yields led to an 8% mortgage rate. Despite sinking affordability, house price appreciation continued for a seventh straight month.
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First American Chief Innovation Officer Paul Hurst Named a 2023 Inman Best of Proptech Award Winner

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First American Financial Corporation (NYSE: FAF) announced that Chief Innovation Officer Paul Hurst was named a 2023 Inman Best of Proptech award winner in the venture capital category. The award recognizes his instrumental efforts in driving transformative innovation in real estate transactions, leveraging the company's data assets and proprietary technologies to enhance customer experience. Hurst's role in guiding investments in high-growth proptech companies and launching Endpoint, a digital title and settlement company, has generated significant strategic advantage and future growth opportunities for First American.
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First American Home Warranty Expands Into Illinois

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First American Financial Corporation (FAF) Expands Home Warranty Coverage to Illinois, Offering Affordable Plans for Homeowners. The company introduces three comprehensive home warranty plans: Starter, Essential, and Premium, providing protection for crucial systems and appliances. Homeowners in Illinois can now access reliable services and coverage against unexpected repair or replacement costs.
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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 $67.64 as of November 22, 2024.

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

The market cap of First American Financial Corporation (FAF) is approximately 7.0B.

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

#1094 Ranked by Market Cap
#950 Ranked by Dividends

FAF Stock Data

6.96B
98.14M
3.74%
89.56%
0.91%
Insurance - Specialty
Title Insurance
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United States of America
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