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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

First American Named One of the Fortune 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for Ninth Year in a Row

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First American Financial (NYSE: FAF) has been recognized as one of the 2024 Fortune 100 Best Companies to Work For, marking the ninth consecutive year on the list. CEO Ken DeGiorgio attributes this honor to the company's enduring culture and the commitment of its employees to enhance customer real estate transactions.
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First American Title Enhances First-of-its-Kind Multisite Commercial Real Estate Transaction Closing Solution Within its ClarityFirst® Platform

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First American Title Insurance Company, a subsidiary of First American Financial (NYSE: FAF), enhances its multisite commercial real estate closing transaction solution within the ClarityFirst platform. The solution allows secure management of project documents for multiple properties, streamlining complex transactions and improving efficiency.
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Los Angeles-Long Beach-Glendale Home Prices Up 4.7% 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), reported a slowdown in national home price appreciation for the second consecutive month, dropping by almost a full percentage point. In February 2024, house prices increased by 0.7% monthly and 6.3% annually, the slowest pace since October 2023. Despite being 50% higher than pre-pandemic levels, the growth rate has decreased. The report highlights the impact of inflation and rising mortgage rates on housing market dynamics.
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Annualized Price Appreciation Slows for Second Straight Month, Falling by Almost a Full Percentage Point, 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. National house prices increased by 0.7% in February 2024, with a 6.3% increase year-over-year. The report highlights the slowest annual pace since October 2023 and a 50% increase compared to pre-pandemic levels. The top five states in year-over-year growth were Pennsylvania, New York, Florida, Texas, and California. Notably, mid-market price pressures weakened significantly due to stalled move-up demand from rate-locked owners of starter homes.
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Houston-The Woodlands-Sugar Land Home Prices Up 5% 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 (HPI) report, showing a 0.7% increase in house prices from January to February 2024. However, the annual pace of house price growth slowed to 6.3%, the slowest since October 2023. Despite this, house prices are now 50% higher than pre-pandemic levels. The report also highlighted strong starter-home price appreciation, weak mid-tier price growth, and notable year-over-year state growth, with Pennsylvania leading at 7.9%. The next HPI release is scheduled for the week of April 15, 2024.
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Dallas-Plano-Irving Home Prices Up 4.4% 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 0.7% increase in house prices from January to February 2024. Year-over-year, prices rose by 6.3%, the slowest pace since October 2023. Despite a 50% increase compared to pre-pandemic levels, annualized home price appreciation slowed by almost a full percentage point, influenced by rising mortgage rates and persistent inflation.
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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

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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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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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