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Tag Archives: First American

Affordability, Buying Power Drop as Prices Rise

With real house prices on the rise and inventory low, spring is poised to be a seller’s market, according to First American. Real home prices rose more than 8 percent over the year, with Jacksonville, Florida, seeing the most growth annually. According to First American Chief Economist Mark Fleming, “on a year-over-year basis, real house prices increase in all the metropolitan areas tracked . . .”

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First American Executive Awarded as ‘Valuation Visionary’

The Valuation Visionary award recognizes a standout collateral valuation professional every year who has demonstrated outstanding leadership, innovation and professionalism. Winners are nominated by their peers within the Collateral Risk Network. The recipient will be awarded at the Valuation Expo East on March 20, 2017, in Orlando, Florida.

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The Relationship Between Buying Power and Prices

U.S. home prices are high and are still rising, but the price picture looks a bit different when consumer buying power is brought into the equation. First American Financial Corporation's inaugural Real House Price Index, provides a new take on the way the industry view home prices.

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Mortgage Loan Application Defects Lower in September

application

First American released their Loan Application Defect Index for September 2015 on Wednesday, which reflects estimated mortgage loan defect rates over time, by geography and by loan type, and estimates the frequency of defects in the information submitted in mortgage loan applications. According to the Index, loan defects in mortgage applications declined 1.2 percent from August to September. The Index is now down 20.6 percent from the high point of risk in October 2013.

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First American Announces SVP of Enterprise Data Strategy

Santa Ana, California's First American Financial Corporation recently announced the appointment of a new SVP for enterprise data strategy, naming Dianna Serio to the position. Serio has more than 25 years of experience in real estate information, focusing primarily on data product development, title plant management, data acquisition, manufacturing, and delivery options.

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Title Insurance Profits Drop on Weak Refi Volume

As the rest of the housing market struggled in the year's first half, so too did the title insurance industry, Fitch Ratings reported in a new analysis. Isolating business at the nation's four largest title insurers, analysts at Fitch calculated a combined 12 percent decline in operating revenues through the first six months of 2014 compared to the same period last year.

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