July 25, 2008

First American Loan Production Solutions Expands Data, Workout Options

First American Loan Production Solutions has announced the expansion of its borrower identification data and workout options to create a complete loan modification system designed to help servicers prevent foreclosures. The new offering combines credit scoring, valuation services, risk modeling, scoring, document preparation, and document recording to identify borrowers who are most at risk of foreclosure, the company said. Borrower refinance and workout options are then presented, and documents needed to complete the loan modification process may be created.

Posted by S. Germain at 08:21 AM | Comments (0)

The First American Corporation to Hold Second-Quarter Conference Call on July 31, 2008

The First American Corporation announced that it will host a conference call on July 31, 2008, at 11 a.m. EDT. The call will follow the announcement of the company's operating results for the second-quarter of 2008, which is scheduled for release on July 31, 2008, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet can be accessed online at http://www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is "First American."

An audio replay of the conference call will be available through Aug. 8, 2008, by dialing (203) 369-3865. An audio archive of the call; a copy of the 2008 second-quarter earnings release, including the financial information contained therein; and the accompanying financial presentation will also be available on First American's investor Web site.

Posted by S. Germain at 08:20 AM | Comments (0)

July 18, 2008

The First American Corporation to Hold Second Quarter 2008 Conference Call

The First American Corporation, America's largest provider of business information, announced that it will host a conference call on July 31, 2008, at 11 a.m. EDT. The call will follow the announcement of the company's second-quarter operating results, which is scheduled for release on July 31, 2008, at 8:32 a.m. EDT.
Investors, members of the financial community and the media can access the call by dialing (888) 955-3516, and giving the pass code "First American." The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through August 9, 2008, by dialing (203) 369-3865. An audio archive of the call will also be available for replay on First American's Web site.

Posted by S. Germain at 08:40 AM | Comments (0)

First Title and Winmarkt Sign Title Insurance Deal

First Title Insurance plc (First Title), a subsidiary of First Title plc and the largest provider of title insurance in the United Kingdom and Europe, is pleased to announce that it provided title insurance to facilitate the purchase of Winmarkt Magazine by the IGD Group — one of the primary players in the Italian retail real estate market — for €182.50 million.

Posted by S. Germain at 08:39 AM | Comments (0)

July 11, 2008

First Title and Winmarkt Sign Title Insurance Deal

First Title Insurance plc (First Title), a subsidiary of First Title plc and the largest provider of title insurance in the United Kingdom and Europe, is pleased to announce that it provided title insurance to facilitate the purchase of Winmarkt Magazine by the IGD Group — one of the primary players in the Italian retail real estate market — for €182.50 million.

By providing comprehensive title insurance, First Title enabled the complex transaction to take place, replacing some of the vendor’s warranties. The transaction covered 16 Winmarkt commercial centres in Romania, spanning a total of 147,000 square metres.

Posted by S. Germain at 08:47 AM | Comments (0)

First American CoreLogic Releases April 2008 LoanPerformance House Price Index

First American CoreLogic announced the release of its April 2008 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,529 ZIP codes, 958 Core Based Statistical Areas (CBSA) and 672 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends. Visit www.loanperformance.com/assets/images for map information.

Posted by S. Germain at 08:44 AM | Comments (0)

June 20, 2008

Brit Insurance Employs First American's U.S. Flood Catastrophe Model

First American Spatial Solutions, a member of The First American Corporation (NYSE: FAF) family of companies and a leader in spatial and natural hazard risk solutions, announced today that it has licensed key components of its Advanced Flood Risk Solutions to the United Kingdom's Brit Insurance Holdings (Brit Insurance), a member of Lloyd's of London and an international insurer and underwriter of flood policies in the United States.

Posted by S. Germain at 08:27 AM | Comments (0)

June 06, 2008

First American Awarded Four-Year Contract with U.S. Small Business

The First American Corporation announced today that its First American Federal Solutions subsidiary has been awarded a prime contract in support of the Small Business Administration (SBA) Title Company Initiative, a key program sponsored by the SBA Office of Disaster Assistance. First American was selected by the SBA for its comprehensive portfolio of property information that enables the SBA to quickly assist victims during disasters.

Posted by S. Germain at 08:32 AM | Comments (0)

May 30, 2008

First American CoreLogic Releases LoanSafe 2.0

First American CoreLogic, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of LoanSafe 2.0, a next-generation version of its industry-leading mortgage risk management and fraud detection technology designed to help lenders and investors identify early indicators of mortgage fraud, market volatility and potential loss.

Posted by S. Germain at 08:27 AM | Comments (0)

First American Taps Lyons McCloskey to Enhance Best Practices Within First American National Claims Outsourcing

First American National Claims Outsourcing, a leading provider of post-sale outsourcing services, announced that it has entered into an internal training, process evaluation and cross-marketing alliance with Lyons McCloskey, an industry-recognized provider of expert consulting and training to the mortgage banking industry.

Through the alliance, Lyons McCloskey will apply its extensive industry expertise to evaluate and enhance First American National Claims Outsourcing’s internal training and business processes. This is an additional step toward First American’s dedication to identifying and delivering industry-best services to its customers.

Posted by S. Germain at 08:23 AM | Comments (0)

May 23, 2008

First American CoreLogic Announces 2008 LoanPerformance RiskSummit

First American CoreLogic announced that registration is now
open for the 20th annual LoanPerformance RiskSummit, which will be held July 20-22, 2008 at La Costa Resort and Spa in Carlsbad, Calif.

This year's agenda features educational tracks addressing mortgage
origination, issuer and investor risk management, research and odeling, loan quality, servicing and regulatory issues. Questions regarding the 2008 Risk Summit can be directed to risksummit@loanperformance.com or by calling 415-536-3525.

Posted by S. Germain at 08:34 AM | Comments (0)

First American CoreLogic Awarded General Services Administration (GSA) Certification

First American CoreLogic today announced that it has been awarded a Federal Supply Schedule Contract by the General Services Administration (GSA), allowing the company to offer its industry-leading real property information services and analytics for direct sale to federal government organizations.

Posted by S. Germain at 08:32 AM | Comments (0)

May 16, 2008

First American to Host MBA’s Loss Mitigation Bootcamp at Westlake, Texas, Campus

The First American Corporation announced that it will host the Mortgage Bankers Association’s CampusMBA workshop on loss mitigation on June 10, 2008, at First American’s Westlake, Texas, campus.

Read the entire story here.

Posted by S. Germain at 08:39 AM | Comments (0)

First American Spatial Solutions Announces Release of U.S. Flood Catastrophe Model

First American Spatial Solutions, a member of The First American Corporation family of companies and a leader in spatial and natural hazard risk solutions, announced today the launch of its new U.S. Flood Catastrophe Model (Flood Model), a key component of its new suite of Advanced Flood Risk Solutions, which includes geospatial analytics, basic flood data, flood risk scoring and near real-time monitoring of actual flood conditions.

Read the entire story here.

Posted by S. Germain at 08:37 AM | Comments (0)

May 09, 2008

Realserv Chooses MarketLinx Transaction Manager

MarketLinx, Inc. announced that it has signed a long-tem agreement to provide its Transaction Manager software to the customers of Realserv, LLC.

Established in 2005 by Transaction First, LLC and the North Carolina Association of REALTORS, and recently joined by the Pennsylvania Association of REALTORS (PAR), Realserv will provide additional integrated technology solutions and services to NCAR and PAR members and to the approximately 150,000 multi-state licensees of the Realfast forms system.

Posted by S. Germain at 08:16 AM | Comments (0)

First American’s Suit-On-Note Scoring Module Quantifies Optimal Resolution Projections for Investors and Servicers

First American Subordinate Lien Outsourcing announced the debut of its Suit-on-Note Scoring Module (SONSM Score). Used in conjunction with the determination of property equity and understanding the borrower’s economic situation and intent, the SON Score helps servicers and investors ascertain the optimal resolution for servicing subordinate lien assets.

The SON Score provides an analysis of a respective borrower’s current real estate assets as well as a determination of a loan’s eligibility for the Suit-on-Note process, which is a different legal cause of action than a typical foreclosure action

Posted by S. Germain at 08:15 AM | Comments (0)

First American Global Offshore Services Partners With USFN

First American Global Offshore Services announced that it has partnered with USFN—America’s Mortgage Banking Attorneys® to provide business process outsourcing solutions (LegalBPO) to the association’s membership and respective clients.

The partnership enables all USFN members to directly access First American’s process engineering teams; utilize First American’s shared processing teams to assist smaller firms in overcoming scale-related barriers to entry; and benefit from continuous, on-demand staffing across member-specified domestic and offshore outsourcing locations.

Posted by S. Germain at 08:14 AM | Comments (0)

First American Continues Strategic Restructuring of The Talon Group and Public Abstract Corporation in Upstate New York

First American Title Insurance Company of New York, a subsidiary of First American Title Insurance Company and a member of The First American Corporation, announced the launch of a strategic restructuring of the Talon Group and Public Abstract Corporation in upstate New York.

As part of First American Title Insurance Company of New York’s ongoing strategic and organizational restructuring, the company has retired The Talon Group in upstate New York and will be consolidating the Public Abstract Corporation brand into the flagship name, First American Title Insurance Company of New York.

Posted by S. Germain at 08:13 AM | Comments (0)

May 02, 2008

The First American Corporation Reports Financial Results for the First Quarter 2008

Read the entire story here.

Posted by S. Germain at 08:17 AM | Comments (0)

April 25, 2008

The First American Corporation to Hold First-Quarter Conference Call on May 1, 2008

The First American Corporation announced that it will host a conference call on May 1, 2008, at 11 a.m. EDT. The call will follow the announcement of the company’s operating results for the first-quarter of 2008, which is scheduled for release on May 1, 2008, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516.

Posted by S. Germain at 08:37 AM | Comments (0)

First American CoreLogic Releases February 2008 LoanPerformance House Price Index

First American CoreLogic, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced the release of its February 2008 LoanPerformance Home Price Index (HPI).

Read the entire story here.

Posted by S. Germain at 08:36 AM | Comments (0)

Universal Settlements Announces Launch of Strategic Markets Division in Washington, D.C. Metropolitan Area

Universal Settlements, a subsidiary of First American Title Insurance Company and a member of The First American Corporation (NYSE: FAF) family of companies, today announced the launch of its Strategic Markets Division in the Washington, D.C. metropolitan area. First American Title's Strategic Markets Division provides culturally insightful business solutions for real estate practitioners to more effectively serve the region's rapidly growing multicultural and new immigrant home-buying communities.

Posted by S. Germain at 08:34 AM | Comments (0)

April 18, 2008

The First American Corporation Announces Retirement of Two Directors

The First American Corporation announced the retirement of Donald P. Kennedy and Gary J. Beban from its board of directors.

Read the entire story here.

Posted by S. Germain at 08:52 AM | Comments (0)

The First American Corporation Announces Appointment of Five Directors Recommended by Highfields Capital Management

The First American Corporation announced that it has elected to its board of directors five individuals recommended by Highfields Capital Management LP, the company’s largest unaffiliated shareholder.

Read the entire story here.

Posted by S. Germain at 08:51 AM | Comments (0)

The First American Corporation to Hold First Quarter 2008 Conference Call

The First American Corporation announced that it will host a conference call on May 1, 2008, at 11 a.m. EDT. The call will follow the announcement of the company’s first-quarter operating results, which is scheduled for release on May 1, 2008, at 8:32 a.m. EDT.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

Posted by S. Germain at 08:50 AM | Comments (0)

First American CoreLogic Announces REiSource®: A New Online Real Estate Information Portal Designed for the Title Insurance Industry

First American CoreLogic, America’s largest provider of advanced property and ownership information, analytics and services, announced the release of REiSource®, a new Web-based real estate information gateway to the most complete and accurate suite of property profiles, new homeowner and refinance lists, resale trends, mortgage leads and custom reports for title insurance companies.

Read the entire story here.

Posted by S. Germain at 08:49 AM | Comments (0)

Mortgage Builder LOS Integrated With First American Flood Data Services

Mortgage Builder Software Inc., provider of end-to-end mortgage banking software, says that First American Flood Data Services has integrated its flood certification process into Mortgage Builder's loan origination system (LOS), providing an instant response for a flood determination request.

Users of Mortgage Builder software now have the ability to order a flood determination from within the system, and the flood certificate is returned automatically with fields populated into the loan application. When a user requests a flood certification in Mortgage Builder, a MISMO-compliant data file is transmitted to First American via Web services.

Posted by S. Germain at 08:46 AM | Comments (0)

April 04, 2008

First American Proxix Solutions Adds Risk Concentration To Its Hazard Risk-Management Solution

First American Proxix Solutions announced the addition of risk concentration as an option in its CATUM automated insurance suite.

First American Proxix Solutions developed a set of grid layers in varying square-mile areas for all 50 states, which have been integrated within CATUM as layer options. CATUM processes street addresses using its proprietary high-precision parcel-level geocoding and spatial analysis technology and appends a cell identification to each record according to the selected grid matrix. Insurers can then import files into their reporting application and generate reports detailing the number of policies and the total exposure in a specific area. Appended files can be shipped in shapefile format for map display.

Posted by S. Germain at 08:47 AM | Comments (0)

March 28, 2008

First American CoreLogic Releases January 2008 LoanPerformance House Price Index

First American CoreLogic announced the release of its January 2008 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home
price indices and median sales prices covering 7,488 ZIP codes, 957 Core Based Statistical Areas (CBSA) and 670 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends. (For a state-by-state maps, visit http://www.loanperformance.com/assets/images/pr0308_3mo_lg.jpg (3-month map) and http://www.loanperformance.com/assets/images/pr0308_12mo_lg.jpg
(12-month map).

Posted by S. Germain at 08:38 AM | Comments (0)

First American eAppraiseIT Introduces Data Assist

First American eAppraiseIT is now offering Data Assist, a new valuation tool for lenders and servicers that need quick, low-cost, accurate values for credit decisions, loss mitigation, portfolio analysis and quality assurance.

Data Assist is a faster and less expensive alternative to a traditional appraisal. The standard Data Assist report verifies a property’s legal address and ownership and includes three closed sale comparables from the subject property’s market area. For a more comprehensive analysis, Data Assist with Listings offers the same information, plus three current listings that are similar to the subject property.

Posted by S. Germain at 08:20 AM | Comments (0)

March 21, 2008

First American eAppraiseIT Offers Streamlined Version of Its Value Reconciliation Service Product

First American eAppraiseIT is now offering a low-cost, one-page value reconciliation report that will help default and real estate owned (REO) managers make loss mitigation and pre-foreclosure decisions.

The new offering, VRR Lite, like eAppraiseIT’s original value reconciliation service, will give clients a better understanding of the reasons for differences between origination appraisals and subsequent loan servicing valuations and assist in the analysis of loan portfolios, retrospective value reviews, pre-closing and post-closing value opinions and appraisal panel reviews. VRR Lite offers lenders better visibility into the true value of their assets in pre-foreclosure situations, alerts them to indications of fraud and helps them develop more accurate bids for foreclosure sales and initial listing prices for REO properties.

Posted by S. Germain at 08:48 AM | Comments (0)

Mid-Florida Regional MLS Chooses MarketLinx to Serve 37,000 Members

MarketLinx, Inc. today announced that it has renewed its multiple listing service (MLS) agreement with the Mid-Florida Regional MLS (MFRMLS), which is in the process of expanding services to five neighboring REALTOR® organizations. Once the expansion is complete, the Mid-Florida MLXchange MLS system will serve approximately 37,000 users from 13 separate real estate organizations, making it the largest MLXchange customer and one of the largest MLS systems in North America. MFRMLS also selected MarketLinx’s Membership Director product to replace its current membership management system.

Posted by S. Germain at 08:47 AM | Comments (0)

March 14, 2008

First American CREDCO Makes Integrating Easier

First American CREDCO has launched Connect Web services technology to enable smoother integrations. Connect provides a secure electronic interface to a wide range of new products available from First American, including identity validation, compliance, and consumer credit solutions. One of the most notable additions available on the Connect interface is the electronic automation of Anthem, First American's nontraditional mortgage credit report and scoring system for loan applicants having little or no traditional credit history.

Posted by S. Germain at 08:44 AM | Comments (0)

March 07, 2008

First American CoreLogic Releases Latest LoanPerformance MarketPulse Report

First American CoreLogic today announced that the latest issue of its LoanPerformance MarketPulse report is available for download at www.loanperformance.com.

Posted by S. Germain at 08:51 AM | Comments (0)

First American CoreLogic Announces 2008 LoanPerformance Symposium Series

First American CoreLogic today announced the dates and locations for its 7th annual complimentary LoanPerformance Symposium Series on emerging mortgage loan and collateral risk issues and trends.

Read the entire story here.

Posted by S. Germain at 08:49 AM | Comments (0)

February 29, 2008

The First American Corporation Reports Financial Results for the Fourth Quarter and Full Year 2007

First American's press release announcing its fourth quarter and full year financial results for 2007 is available at the link below.

Read the entire story here.

Posted by S. Germain at 09:03 AM | Comments (0)

February 22, 2008

The First American Corporation to Hold Fourth-Quarter Conference Call on February 28

The First American Corporation will host a conference call on Feb. 28, 2008, at 11 a.m. EST. The call will follow the announcement of the company’s operating results for the fourth-quarter and full year 2007, which is scheduled for release on Feb. 28, 2008, at 8:32 a.m. EST.

The conference call, which will also be broadcast over the Internet, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is “First American.”

An audio replay of the conference call will be available through March 7, 2008, by dialing (203) 369-1094.

Posted by S. Germain at 08:52 AM | Comments (0)

Thomas W. Showalter Named Senior Vice President of Product and Analytics for First American Subordinate Lien Outsourcing

First American Subordinate Lien Outsourcing announced that Thomas W. Showalter has been named senior vice president of product and analytics.

In his new position, Showalter will oversee new product development and the analytical infrastructure for First American’s subordinate lien outsourcing initiatives.

Showalter most recently served as vice president of product management and data acquisition at LoanPerformance, a subsidiary of First American CoreLogic, where his staff developed many of the risk modeling and data analytics products used throughout the mortgage industry. Prior to joining First American in 2005, he held executive positions with TRW Credit Services (now Experian) and Compex Systems. He also operated his own boutique model development and consulting service, which served such customers as Household International and the nation’s largest collection agencies.

Posted by S. Germain at 08:51 AM | Comments (0)

First American Proxix Solutions Launches New Property Tax Database

First American Proxix Solutions, a leading provider of geospatial technology, location-based data and tax data, announced the release of its new personal property tax jurisdiction database. Covering all states that assess personal property tax, plus Washington, D.C., the database includes lowest-level asset accumulation, taxing authority and whether intangible assets are taxable. Designed for use by utility companies, public entities and a wide range of business enterprises, the database can support both regulatory compliance and operating efficiency.

Updated quarterly, the new database provides detailed tax boundary files for states, cities, counties, townships, villages, boroughs and school districts.

Posted by S. Germain at 08:50 AM | Comments (0)

February 15, 2008

First American Title Insurance Company Launches Strategic Markets Division in Texas

First American Title Insurance Company announced it has launched its Strategic Markets Division in Texas as a part of a national market-penetration strategy designed to further enhance the company’s position as the title and settlement services company of choice for the multicultural real estate market, which is among the nation’s fastest growing homebuying segment.

Posted by S. Germain at 08:58 AM | Comments (0)

Wesley B. Howland Named Senior Vice President For First American First Lien Outsourcing

First American First Lien Outsourcing announced that Wesley B. Howland has been named senior vice president.

In his new position, Howland will oversee internal finances, contracts, pricing, proposals and client advocacy for First American’s first lien outsourcing initiatives.

Howland comes to First American from GMAC Mortgage, where he most recently served as vice president of contract finance for the company’s subservicing business. Previously he held the position of vice president of servicing acquisitions with Marine Midland (now HSBC).

Posted by S. Germain at 08:57 AM | Comments (0)

February 08, 2008

First American Global Offshore Services Partners with Graystone Solutions, Inc. to Offer Business Process Outsourcing Solutions

First American Global Offshore Services and Graystone Solutions, Inc., a leading loan servicing and technology provider, announced a strategic partnership to offer First American’s MortgageBPOSM solutions via Graystone’s custom MortgageServ-based solutions.

Through this partnership, Graystone clients have direct access to First American’s global business process outsourcing solutions, bringing opportunities to reduce cost and improve efficiency for each step of the servicing and default cycles through the MortgageServ platform. Graystone’s custom MortgageServ solutions allow lenders and servicers to automate all loan servicing processes from a single browser-based real-time platform.

Posted by S. Germain at 08:46 AM | Comments (0)

The First American Corporation to Hold Fourth Quarter Conference Call

The First American Corporation announced that it will host a conference call on Feb. 28, 2008 at 11 a.m. EST. The call will follow the announcement of the company’s fourth-quarter and full-year operating results, which is scheduled for release on Feb. 28, 2008, at 8:32 a.m. EST.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through March 7, 2008, by dialing (203) 369-1094. An audio archive of the call will also be available for replay on First American’s Web site.

Posted by S. Germain at 08:45 AM | Comments (0)

Data Tree Land Records Database Exceeds 4 Billion Documents

Data Tree, LLC has expanded its nationwide database of recorded property documents to more than 4 billion documents. With geographic coverage in more than 650 counties, the database represents approximately 70 percent of the U.S. population.

Posted by S. Germain at 08:44 AM | Comments (0)

First American’s New Second Lien Scoring Model Revolutionizes Investor And Servicer Lien Management

First American Subordinate Lien Outsourcing today announced the debut of its Second Lien Scoring Model (SeLi), an analytical risk/reward rating system that quantifies the actual potential of a second lien.

SeLi is changing the way second liens are managed by triangulating existing second lien information through First American’s extensive property and consumer databases to provide the accurate risk scores needed to determine true trade value, ability to collect, potential to revive the loan and recovery and loss severity.

By applying First American’s verified data through SeLi, investors and servicers have the precise information and rating system needed to make better trading decisions and prioritize management of second liens for optimal results.

Posted by S. Germain at 08:44 AM | Comments (0)

February 01, 2008

First American Natural Hazard Disclosures Now Offers Proprietary Tax Disclosure Reports

First American Natural Hazard Disclosures (FANHD announced that it has launched the FANHD California Property Tax Disclosure Report™, creating a cost-effective choice for real estate professionals and their clients.

A property tax disclosure report is used to alert homebuyers to current and future taxes, fees and assessments that will be imposed on a property. This type of information can prevent unnecessary surprises in the home-buying process. Much of the information is also required to be disclosed by California law.

FANHD recently invested in acquiring and further developing its own tax information database as a way to offer customers more choices in the marketplace. FANHD’s new tax disclosure report provides an additional resource for California’s real estate professionals and competitive prices for homebuyers and sellers.

Posted by S. Germain at 09:13 AM | Comments (0)

January 25, 2008

First American CoreLogic Releases November 2007 LoanPerformance House Price Index

First American CoreLogic announced the release of its November 2007 LoanPerformance Home Price Index (HPI).

Read the entire story here.

Posted by S. Germain at 08:31 AM | Comments (0)

January 18, 2008

The First American Corporation Announces Plan To Separate Its Financial Services and Information Solutions Companies

The First American Corporation announced that its board of directors has approved a plan to spin-off its Financial Services companies, consisting primarily of its Title Insurance and Specialty Insurance reporting segments, into a separate public company to be called First American Financial Corporation. The Information Solutions company, which will consist primarily of the current Property Information and Mortgage Information segments, as well as First American’s 75 percent interest in First Advantage Corporation (NASDAQ: FADV), will remain at the existing holding company, which will be renamed prior to the separation. The transaction, which the company anticipates will be tax-free to shareholders, is expected to close in the third quarter.

Read the entire story here.

Posted by S. Germain at 08:44 AM | Comments (0)

The First American Corporation Announces 2007 Fourth Quarter Earnings Expectations

The First American Corporation announced that it expects to report total revenues of approximately $1.9 billion and an after-tax loss for the fourth quarter of 2007, which is not expected to exceed $50 million.

Read the entire story here.

Posted by S. Germain at 08:43 AM | Comments (0)

First Title (Beijing) Real Estate Guaranty Co., Ltd. Launches Official Web Site

First Title (Beijing) Real Estate Guaranty Co., Ltd., a wholly owned subsidiary of The First American Corporation and the first entirely foreign-owned real estate guaranty company in China, today announced the launch of its official Web site, http://www.zhongyian.com.

The Web site is the first of its kind in China and is dedicated to providing real estate finance service information. It will also serve as a one-stop, self-service platform for end users by providing real estate purchasers and owners with the most up-to-date information on mortgage product options-the Chinese version of escrow and other services for residential and commercial property transactions.

Posted by S. Germain at 08:40 AM | Comments (0)

January 11, 2008

First American CoreLogic Prevents $40 Million in Mortgage Fraud Losses through Its Multi-Closing Alert Program

First American CoreLogic America’s largest provider of advanced property and ownership information, analytics and services, announced that its Multi-Closing Alert Program prevented more than $40 million dollars in residential mortgage fraud losses for institutional participants during the first year of the program.

The Multi-Closing Alert Program is a service offered by First American CoreLogic that helps banks and lending institutions identify and stop multi-lien fraud, otherwise known as “shotgun” fraud.

Posted by S. Germain at 08:44 AM | Comments (0)

January 04, 2008

First Advantage Purchases Fiserv's Mortgage Credit Reporting Division, CredStar

First Advantage Corporation, a global risk mitigation and business solutions provider and a majority-owned subsidiary of The First American Corporation, and Fiserv, Inc. announced that First Advantage has purchased the assets of CredStar, Fiserv's mortgage credit reporting business unit.

The purchase of CredStar expands First Advantage's market leadership in the U.S. mortgage credit reporting industry, where it already services 19 of the top 20 lenders. Terms of the acquisition were not disclosed.

Posted by S. Germain at 08:53 AM | Comments (0)

December 21, 2007

First American LoanPerformance Releases October 2007 House Price Index

First American LoanPerformance announced the release of its October 2007 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,451 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 662 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each month ends.

Read the entire story here.

Posted by S. Germain at 08:39 AM | Comments (0)

December 14, 2007

Latest Issue of First American LoanPerformance MarketPulse Report Features Wachovia Capital Markets Study

First American LoanPerformance announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

This latest report features a new whitepaper entitled, “Voluntary Prepayments in the ABX” by John McElravey, vice president, asset-backed securities (ABS) research for Wachovia Capital Markets, LLC.

Read the entire story here.

Posted by S. Germain at 08:48 AM | Comments (0)

December 07, 2007

Tyron W. Miller Named Chief Operating Officer of First American First Lien Outsourcing

First American First Lien Outsourcing announced that Tyron (Ty) W. Miller has been named chief operating officer.

Miller, who joined First American in September 2007, will be responsible for management and oversight of First American’s first lien outsourcing and technology product companies, which include First American National Default Outsourcing, First American Loss Mitigation Services, First American LoanStar Trustee Services, First American National Claims Outsourcing and First American Default Technologies. In addition, he will lead new product and services development, client support and operations for First American’s end-to-end suite of default outsourcing services.

Posted by S. Germain at 08:54 AM | Comments (0)

FirstClose Offers First American CoreLogic's Services

FirstClose, a company that provides solutions related to mortgage settlement services, has agreed to utilize two First American CoreLogic solutions to help sales agents, resellers, credit unions and mortgage lenders better deal with their growing REO portfolios.

As part of the agreement, FirstClose agents will have access to ValuePoint4 Default—an AVM tool that offers property valuations on distressed homes—and Property Verification Reports, which provide clients with property photos.

Posted by S. Germain at 08:53 AM | Comments (0)

Elise Luckham Joins The First American Corporation as Vice President, Director of Corporate Real Estate

The First American Corporation has announced the appointment of Elise Luckham as vice president, director of corporate real estate. Bringing more than 19 years of corporate real estate experience to her new position, Luckham will be responsible for developing strategies to optimize First American’s real estate assets.

Prior to joining First American, Luckham served as vice president, corporate services for New Century Mortgage, where she oversaw a real estate portfolio of 360 buildings totaling approximately 3 million square feet. She also has served as vice president, corporate real estate for Bank of America and as manager, administrative services for Mitsubishi Motors Credit.

Posted by S. Germain at 08:52 AM | Comments (0)

First Canadian Title Unveils Lender-Lawyer Connect Mortgage Platform

First Canadian Title is revolutionizing the way in which mortgages are processed through the introduction of a no-cost technology solution that allows lenders and lawyers to collaborate in real-time. Lender-Lawyer Connect™ provides a user-friendly platform that transforms mortgage closings from a compartmentalized series of starts and stops into an integrated, open and dynamic process offering greater control and efficiency.

Posted by S. Germain at 08:50 AM | Comments (0)

November 30, 2007

First American CoreLogic Announces ListSource

First American CoreLogic announced the release of ListSource™, an easy-to-use Web-based solution for creating and managing marketing lists.

ListSource represents the next generation of online property and ownership list tools from First American CoreLogic, enabling consumer marketers, property and casualty insurers and mortgage and real estate professionals to better target prospects more closely matched with the products or services they offer. ListSource includes the most up-to-date and accurate demographic, property and ownership information available on more than 118 million properties nationwide, covering 90 percent of the U.S. population and growing.

Posted by S. Germain at 09:46 AM | Comments (0)

First Amer Corp, Unit Ask US Judge To Dismiss NY AG Lawsuit

First American and its home-appraisal unit have asked a federal judge to dismiss a lawsuit by New York Attorney General Andrew Cuomo for allegedly colluding with Washington Mutual Inc. to use a list of preferred appraisers to inflate mortgage appraisals.

In a motion filed late Monday, the Santa Ana, Calif., company and its eAppraiseIT unit asked U.S. District Laura Taylor Swain in Manhattan to dismiss the attorney general's complaint, saying he lacks authority to pursue a case because all federal savings and loan activities are regulated by the U.S. Office of Thrift Supervision.

Posted by S. Germain at 09:45 AM | Comments (0)

The First American Corporation Announces Expanded Diversity and Inclusion Initiative and Three Related Appointments

The First American Corporation announced that it has expanded its efforts to ensure greater diversity and inclusion throughout its organization. The company also announced the appointments of Karen J. Collins as vice president, chief diversity and inclusion officer; Michelle Cheney Donaldson as corporate director of diversity and inclusion; and Stephanie M. Swenseid as corporate director of supplier diversity, who will each oversee different aspects of the company's centralized diversity and inclusion programs.

Posted by S. Germain at 09:43 AM | Comments (0)

First American CREDCO'S Anthem is Compliant with Freddie Mac's Updated Guidelines for Non-Traditional Credit

First American CREDCO announced that its Anthem(TM) RMCR product -- also known as the Anthem Report -- meets or exceeds Freddie Mac's updated guidelines for non- traditional credit. Part of the Anthem Suite(TM) of Services, Anthem RMCR is a solution for verifying Noncredit Payment References (NCPRs) and documenting those references on a Residential Mortgage Credit Report (RMCR), as noted in Freddie Mac's recent news release clarifying portions of their Single-Family Seller/Servicer Guide.

Available to mortgage professionals since 2004, the Anthem RMCR is a specialized Residential Mortgage Credit Report offering a cost-effective credit reporting solution for underserved consumers. Designed to help lenders qualify more borrowers who lack credit, it is fully compliant with mortgage loan underwriting and due diligence requirements for Government Sponsored Entities, including Freddie Mac.

Posted by S. Germain at 09:42 AM | Comments (0)

First Title expands in Turkey

First Title P.L.C., a U.K.-based provider of title insurance for real estate transactions, continues to expand in Europe with its Turkish subsidiary, First Title Istanbul, recently opening new offices in Istanbul's financial district.

The move, which follows the insurer's expansion last month into Hungary, is the latest in a series of new office openings across Europe, the company said. First Title, a subsidiary of The First American Corp., has nine offices throughout Europe — five in the United Kingdom, as well as offices in Germany, Poland, Hungary and now Turkey.

Posted by S. Germain at 09:41 AM | Comments (0)

November 16, 2007

First American CoreLogic Unveils Loan Workflow Management Tool

First American CoreLogic has introduced Atone, a secure Web-based workflow management tool that is designed to streamline loan decisions and reduce costs by providing a single meeting place and document repository for all parties involved in each mortgage loan.

The product eliminates expensive customization and long IT lead times typically required, running in parallel with any existing loan origination system. Users log on to a secure Web site, and loan records can be uploaded or created based on results of First American CoreLogic’s risk analysis products.

Posted by S. Germain at 08:56 AM | Comments (0)

First American First Lien Outsourcing Partners with National Bankruptcy Services, LLC for End-to-End Default Management Solutions

First American First Lien Outsourcing, a member of The First American Corporation (NYSE:FAF) family of companies, announced today that it has partnered with National Bankruptcy Services (NBS), the nation’s premier provider of bankruptcy administration and vendor management services, to jointly provide default management and administrative outsourcing services to mortgage lenders and servicers.

Read the entire story here.

Posted by S. Germain at 08:53 AM | Comments (0)

Marketlinx® and Most Home Real Estate Services Renew Agreement

MarketLinx, Inc., a leading provider of information technology to the residential real estate industry and Most Home Real Estate Services, a wholly owned subsidiary of Most Home Corp. (OTCBB: MHME), today announced the renewal of their reseller and original equipment manufacturer agreement. Through this agreement, MarketLinx offers Most Home’s leading wireless multiple listing service (MLS) solution to its more than 140 MLS customers through the MarketLinx MLS Wireless product.

Read the entire story here.

Posted by S. Germain at 08:52 AM | Comments (0)

First American Mortgage Information Services Group Awarded Best Regional Corporate Diversity Program by The Mortgage Bankers Association

The First American Corporation announced that its Mortgage Information Services Group’s diversity program has been selected as the Mortgage Bankers Association’s (MBA) 2007 Best Overall Regional Corporate Diversity Program. In addition, division President Barry Sando has been selected as the MBA’s 2007 Diversity Champion of the Year.

Read the entire story here.

Posted by S. Germain at 08:51 AM | Comments (0)

November 09, 2007

MarketLinx Launches MLXchange 4.0 Featuring Microsoft Virtual Earth

MarketLinx, Inc. announced the launch of the latest version of its popular Multiple Listing Service (MLS) system, MLXchange 4.0, which supports Microsoft Virtual Earth mapping software.

MarketLinx has signed an agreement with Microsoft Corp. to support Virtual Earth technology in its MLXchange™, TEMPO™ and InnoVia™ Multiple Listing Service (MLS) systems, which currently serve more than 620,000 real estate professionals in the United States and Canada.

Posted by S. Germain at 08:52 AM | Comments (0)

First American CoreLogic Named to FinTech List of Top 100 Financial Technology Providers

First American CoreLogic, a member of The First American Corporation family of companies, announced today that it has been named a top financial technology provider, ranking 82 out of 100, on the FinTech 100 list for 2007. The FinTech list is an annual international listing of the top financial technology companies published by American Banker and the research firm Financial Insights(TM).

The ranking of the top 100 technology providers is categorized and evaluated based on fiscal year-end revenues and the percentage of revenues attributed to financial services. Data is gathered from surveys completed by providers, as well as original research and market analysis conducted by Financial Insights

Posted by S. Germain at 08:50 AM | Comments (0)

November 02, 2007

The First American Corporation Announces Financial Results For The Third Quarter of 2007

First American's press release announcing its third quarter financial results for 2007 is available to download as a PDF by clicking the link below.

Read the entire story here.

Posted by S. Germain at 08:43 AM | Comments (0)

RP Data and First American CoreLogic Announce Automated Valuation Model (AVM) Agreement with Genworth Financial

RP Data, Ltd., the largest supplier of property information services in Australia and New Zealand, and First American CoreLogic, Inc. nnounced that Genworth Financial has signed an agreement to license RP Data’s advanced set of automated valuation models (AVMs) for use in the Australian residential property market.

Genworth Financial, a leading provider of lenders mortgage insurance and credit enhancement product solutions in Australia and New Zealand, is the first customer to benefit from RP Data’s recent introduction of enhanced automated valuation models using the proprietary algorithms and advanced analytics available from First American CoreLogic.

Posted by S. Germain at 08:42 AM | Comments (0)

First American LoanPerformance Announces Availability of Riskmodel™ 4.0 Analytics Solution

First American LoanPerformance announced the availability of RiskModel 4.0, its industry-leading analytics solution which forecasts future mortgage prepayments, defaults, losses and projected cash flows.

Read the entire story here.

Posted by S. Germain at 08:40 AM | Comments (0)

Latest Issue of First American LoanPerformance MarketPulse Report Features Deutsche Bank Study

First American LoanPerformance announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

This latest report features a new white paper titled, “The Impact of Underwriting Subprime ARMs at the Fully Indexed Rate: An Analysis of Debt-to-income Ratios,” by Karen Weaver, managing director, global head of securitization research and regional research head for the Americas; and Katie Reeves, director, global securitization research for Deutsche Bank.

Posted by S. Germain at 08:39 AM | Comments (0)

First American Title Insurance Company Offers Assistance to Homeowner Fire Victims in Southern California

First American Title Insurance Company announced today that it will replace recorded mortgage documents, property tax information, recorded deeds and tax assessor maps at no charge for homeowners who lost their homes in the recent fires in Southern California.

In addition to complimentary document replacement, First American is offering a 40 percent discount on title insurance for fire victims securing a new deed of trust or a construction loan on those lost properties.

Posted by S. Germain at 08:38 AM | Comments (0)

October 26, 2007

Leading Real Estate Companies of The World™ Selects MarketLinx®

MarketLinx Inc. and Leading Real Estate Companies of the World (LeadingRE), a global real estate network, today announced a joint marketing agreement to offer MarketLinx technology through Leading Real Estate Solutions™, LeadingRE’s division of endorsed products for LeadingRE member firms.

AgentAchieve will be the first MarketLinx product available through the LeadingRE global network of real estate firms. AgentAchieve is a complete solution for real estate brokerages that integrates business management and productivity tools to help real estate firms manage critical aspects of their business including online systems, lead management, agent productivity, recruiting and retention.

Posted by S. Germain at 08:59 AM | Comments (0)

The First American Corporation to Hold Third-Quarter Conference Call on November 1

The First American Corporation announced that it will host a conference call on Nov. 1, 2007, at 11 a.m. EDT. The call will follow the announcement of the company's third-quarter operating results, which is scheduled for release on Nov. 1, 2007, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at http://www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is "First American."

Posted by S. Germain at 08:57 AM | Comments (0)

October 19, 2007

First American LoanPerformance Releases August 2007 House Price Index

First American LoanPerformance announced the release of its August 2007 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,376 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 655 counties in all 50 states and the District of Columbia. The index, which is the most comprehensive available in the industry, is reported five weeks after each month ends.

Read the entire story here.

Posted by S. Germain at 08:29 AM | Comments (0)

First American Real Estate Tax Service Announces New Web Portal That Streamlines Access to Tax Data

First American Real Estate Tax Service announced the launch of its new Web-based data solutions portal that provides a streamlined interface and enhanced reporting capabilities for originators, lenders and investors conducting tax-related activities and research.

The data solutions portal serves as a centralized point of access into First American’s extensive 130 million parcel property tax database, which is the largest in the industry. The portal offers clients the ability to secure data that can be used for preparing accurate good faith estimates and HUD-1 settlement statements.

Posted by S. Germain at 08:27 AM | Comments (0)

First American Default Technologies Announces 8th Annual Default Technology Conference

First American Default Technologies announced that its 8th Annual Default Technology Conference will be held October 24-26, 2007, at the Hilton Hotel in Las Vegas, Nev.

The conference is unique in the default arena as it offers an industry-wide forum specifically focused on present and future default technologies. Topics and panel discussions will cover loss mitigation technology and trends, foreclosure and bankruptcy updates, investor updates, business process automation and quality improvement.

Posted by S. Germain at 08:27 AM | Comments (0)

Kenneth Manqueros Named President of First American Title’s Agency Services Division

First American Title Insurance Company announced today that Kenneth Manqueros has been named president of the company’s National Agency Services division. In his new role, Manqueros will plan and execute the division’s strategies, as well as coordinate the activities of the regional offices that service the company’s agents nationwide.

Posted by S. Germain at 08:26 AM | Comments (0)

First American eAppriseIT Offers Relocation Valuations

First American eAppraiseIT announced it is offering relocation valuations to corporations, national mortgage lenders and national relocation service providers.

In response to the demands of the relocation market, eApprasieIT developed an appraisal management service offering that utilizes the efficiencies of state-of-the-art technology and ensures shortened appraisal delivery times, all while consistently providing quality and service control measures to deliver an accurate valuation. eAppraiseIT service offerings are fully customizable and offer process flexibility to meet each client’s unique requirements and individual needs.

Posted by S. Germain at 08:25 AM | Comments (0)

October 12, 2007

First American LoanPerformance Announces Major Enhancements to Truestandings® Securities Data and Analytics Solution

First American LoanPerformance, a member of The First American Corporation family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced major enhancements to TrueStandings Securities®, its Web-based business intelligence platform that provides loan-level access to First American LoanPerformance’s industry-leading securities database containing over $2 trillion worth of mortgage transactions representing 85 percent of active nonagency securitized mortgages.

Read the entire story here.

Posted by S. Germain at 09:04 AM | Comments (0)

The First American Corporation Expands Business Process Outsourcing Solutions for Mortgage Industry Through MortgageBPO

The First American Corporation, America’s largest provider of business information, today announced the release of MortgageBPOSM, a new business process outsourcing solution that combines flexible domestic and offshore configurations, scalable staffing options and technology development support for cost-effective mortgage processing.

Read the entire story here.

Posted by S. Germain at 09:02 AM | Comments (0)

October 05, 2007

First American Announces Acquisition of Proxix Solutions

The First American Corporation announced that it has acquired Proxix Solutions, a leader in the geospatial industry. Terms of the transaction were not disclosed.

Proxix Solutions combines location intelligence with enterprise solutions to help businesses make more informed decisions, understand and mitigate risks, cultivate profitable customer relationships and increase market penetration. With current customers ranging from the property and casualty insurance industry to telecommunications, Proxix adds a new dimension to First American’s strategic initiative of combining our vast databases with predictive analytics for growth in new industries Proxix will be integrated into the newly formed First American Spatial Solutions division based in Austin, Texas.

Posted by S. Germain at 09:28 AM | Comments (0)

First American to Host MBA’s School of Mortgage Servicing at Westlake, Texas Campus

The First American Corporation announced that it will host the School of Mortgage Servicing offered by the Mortgage Bankers Association (MBA), December 11-13, at its Westlake, Texas, campus.

Students attending the School of Mortgage Servicing will earn required credits towards their Certified Mortgage Servicer designation. Comprehensive mortgage servicing training will be offered at the December school on topics such as portfolio valuations, servicing sales and acquisitions, customer service, escrow, default, loss mitigation, real estate owned (REO) transactions and more.

Posted by S. Germain at 09:27 AM | Comments (0)

September 28, 2007

First American LoanPerformance Announces Availability of TrueStandings® Home Price Index

First American LoanPerformance announced its new TrueStandings Home Price Index (HPI) analytics solution, the most comprehensive source of real estate price trends for mortgage investment professionals, mortgage risk managers and analysts.

TrueStandings HPI incorporates more than 30 years of repeat sales transactions representing more than 45 million observations sourced from a vast property information database owned by its parent company, First American CoreLogic. TrueStandings HPI provides a comprehensive set of monthly home price indices and median sales prices covering all states and the District of Columbia, 7373 zip codes, 956 Core Based Statistical Areas (CBSA) and 640 counties. In addition, TrueStandings HPI provides multi-tier market evaluation based on price, time between sales, property type and loan type (conforming vs. non-conforming.)

With TrueStandings HPI, users can monitor real estate trends by market, identify at-risk markets as they unfold, selectively evaluate markets by tier and fine tune investment strategies.

Posted by S. Germain at 08:27 AM | Comments (0)

September 21, 2007

First American eAppraiseIT Enhances Valuation Solutions for Default Servicers

First American eAppraiseIT announced that it has enhanced its selection of valuation services to meet the growing needs of default servicers.

First American eAppraiseIT has streamlined pricing structures, realigned staff resources, expanded key product offerings and has established a Real Estate Owned (REO)-specific appraiser subpanel that provides automatic priority assignment to appraisers best suited for REO property valuations. Training sessions focused on tools and best practices for providing the highest quality appraisals for REO clients were recently held with members of the REO subpanel, which now includes more than 2,000 appraisers nationwide.

Posted by S. Germain at 08:34 AM | Comments (0)

September 14, 2007

First Title Insures Allianz in Record Romanian Property Deal

First Title Insurance plc (First Title), the largest provider of title insurance in the United Kingdom and Europe, announced that it is insuring the title on Romania’s largest office-space transaction, which includes three buildings in Bucharest previously owned by the European Convergence Property Fund (ECPC) and recently purchased by Deutsche Gesselschaft fur Immobilierenfonds (DEGI), the real estate investment arm of the German company Allianz.

Posted by S. Germain at 08:52 AM | Comments (0)

Landon V. Taylor Named President of First American Title’s strategic markets Division

First American Title Insurance Company announced that Landon V. Taylor has been named president of the company’s Strategic Markets Division. In his new role, Taylor will be responsible for executing an aggressive, national market-penetration strategy designed to further enhance the company’s position as the title and settlement company of choice for the multicultural real estate market, the nation’s fastest-growing homebuying segment. In addition, Taylor has been appointed to First American Title’s board of directors.

Posted by S. Germain at 08:51 AM | Comments (0)

September 07, 2007

The First American Corporation Announces Cost Reduction Initiatives

The First American Corporation announced that the company expects to reduce personnel by approximately 1,300 full-time equivalents (“FTEs”) in the third quarter of 2007. This is in addition to approximately 600 FTEs eliminated in the second quarter of 2007. The personnel reductions in the second and third quarters of 2007 are expected to generate annualized cost savings of $108 million. Of these personnel reductions, 1,400 FTEs will be in the title insurance and services segment, which is expected to generate annualized cost savings of $66 million. The company also expects to curtail or eliminate certain perquisites and executive benefits in the third quarter, resulting in annualized cost savings of $16 million, including $12 million in the title insurance and services segment. In light of rapidly changing economic conditions the company continues to evaluate its personnel needs, including its utilization of offshore resources.

Posted by S. Germain at 09:01 AM | Comments (0)

iLeads.com Partners with The First American Financial Corporation to Enhance Insurance Leads

iLeads.com and The First American Financial Corporation have teamed up to provide real-time insurance leads enhanced with exclusive homeowner’s data, allowing for the calculation of the consumer’s underinsurance amounts prior to the sales call.

Posted by S. Germain at 08:59 AM | Comments (0)

August 31, 2007

First American LoanPerformance Mortgage Securities Database Surpasses $2 Trillion Milestone

First American LoanPerformance announced that its industry-leading mortgage securities database now contains loan-level information on more than $2 trillion worth of active nonagency securitized mortgages representing 85 percent of all nonagency mortgage securities.

The First American LoanPerformance mortgage securities database is the
mortgage industry's largest repository of nonagency mortgage-backed
securities (MBS) and asset-backed securities (ABS) data. Mortgage profesionals rely on this critical performance information to monitor and analyze credit risk and make securities valuation and pricing decisions.

Posted by S. Germain at 09:22 AM | Comments (0)

August 24, 2007

First American CoreLogic Debuts Multi-Closing Alert Program

According to First American CoreLogic, cooperation between lenders and technological links “is key to minimizing damage from criminals gaming the system.” The company said the term “shotgunning” is being used more frequently. The term refers to a situation in which a perpetrator applies for home equity loans from multiple lenders using a single piece of collateral. By the time the con leaves the scene, the “borrower” has extracted several loan payouts.

In response to the problem, the company introduced its Multi-Closing Alert Program early this year. First American CoreLogic said the newly emerging fraud scheme identifies perpetrators applying simultaneously for loans. Participating lenders send daily batch files containing loan closing activity. The program analyzes the files, rapidly identifies multi-closing scenarios and returns daily results to lenders. The program alerted lenders to more than $3.5 million of potential loss within its first few months.

Posted by S. Germain at 08:17 AM | Comments (0)

August 10, 2007

First American eAppraiseIT Announces Two Executive Appointments

First American eAppraiseIT announced that Diane Swanson has been named vice president, national sales manager, and Barbara Girolami has been promoted to vice president, valuation consulting for First American eAppraiseIT’s Valuation Consulting group.

In this newly created position of national sales manager, Swanson will oversee all aspects of the First American eAppraiseIT Valuation Consulting group, including the establishment of sales territories and the recruiting, hiring and training of valuation consultants. She will also act as the liaison between the Valuation Consulting group and various product companies and departments within The First American Family of Companies.

As vice president, valuation consulting for First American eAppraiseIT’s Valuation Consulting group, Girolami will manage client consulting and sales of traditional appraisal services. In addition to the work she does for First American eAppraiseIT, Girolami will also work closely with members of the First American sales force, by providing technical (appraisal) expertise to assist with new business opportunities.

Posted by S. Germain at 09:06 AM | Comments (0)

August 03, 2007

The First American Corporation Reports Financial Results For The Second Quarter Of 2007

Read the entire story here.

Posted by S. Germain at 08:56 AM | Comments (0)

July 30, 2007

The First American Corporation to Hold Second-Quarter Conference Call on August 2

The First American Corporation announced that it will host a conference call on Aug. 2, 2007, at 11 a.m. EDT. The call will follow the announcement of the company’s second-quarter operating results, which is scheduled for release on Aug. 2, 2007, at 8:32 a.m. EDT.
The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is “First American.”

Posted by S. Germain at 09:14 AM | Comments (0)

First American Launches Debt Recovery Software Company

The First American Corporation announced the launch of First American Intelligent Recovery Systems, a new company under First American Default Information Services division, which markets collaboration software used by the debt recovery industry.

Read the entire story here.

Posted by S. Germain at 09:13 AM | Comments (0)

July 20, 2007

First American Default Information Services Launches New Consulting Group

First American Default Information Services announced the formation of its new Default Consulting group to assist mortgage servicers in assessing and enhancing their default businesses.

First American’s Default Consulting group will share best practices with customers along with any noted risk assessments and specific recommendations for operational improvement. Available services include process improvement, due diligence reviews, policy and procedure design, backlog resolution and Six Sigma project management.

“Our consulting group is a natural, value-added service that builds upon our industry leadership and expertise in the default arena,” said Chris Leavell, chief operating officer of First American Default Information Services.

Posted by S. Germain at 11:41 AM | Comments (0)

Joshua Dougan Named VP for First American Information Services' New Consulting Group

First American Default Information Services announced that Joshua B. Dougan has been named vice president of its new consulting group.

In this new role, Dougan will be responsible for assisting with client service and support, implementing strategic plans for continued growth and overseeing the consulting group’s internal operations. The newly formed consulting group provides Six Sigma project management, process improvement, policy and procedure design and training.

Posted by S. Germain at 11:40 AM | Comments (0)

July 13, 2007

iLeads.com Partners with The First American Financial Corporation to Enhance Insurance Leads

iLeads.com, the nation’s leading provider of internet-generated consumer leads for the insurance and mortgage industries, and The First American Financial Corporation, America’s largest provider of business information, have teamed up to provide real-time insurance leads enhanced with exclusive homeowner’s data, allowing for the calculation of the consumer’s underinsurance amounts prior to the sales call.

Posted by S. Germain at 09:10 AM | Comments (0)

The First American Corporation Appoints George Grupp Chief Financial Officer of Its Specialty Insurance Segment

The First American Corporation , America's largest provider of business information, has named George Grupp chief financial officer of the company's Specialty Insurance segment.

In his new role, Grupp will be responsible for overseeing the segment's financial reporting, financial compliance and budgeting, as well as interfacing with independent auditors and rating agencies. In addition, Grupp will advise all companies within the Specialty Insurance segment on financial matters. This includes First American Property & Casualty Insurance Company, where he will maintain his current position as executive vice president and chief financial officer.

Posted by S. Germain at 09:09 AM | Comments (0)

June 29, 2007

The First American Corporation Announces the Future Retirement of Craig I. DeRoy

The First American Corporation reported that Craig I. DeRoy has announced that he will retire effective Dec. 31, 2007. DeRoy, who joined First American in 1993, and has served as president of the company since 2004, has indicated that he plans to spend more time on philanthropic and other endeavors. During DeRoy’s time with the company, First American’s revenues grew from $1.4 billion in 1993 to $8.5 billion in 2006.

DeRoy will continue to work with the company under a five-year, part-time consulting agreement entered into with the company in connection with his retirement. First American has no current intention to appoint a new president to replace DeRoy.

Posted by S. Germain at 08:39 AM | Comments (0)

Change in Credit-Score Process to Have Impact

Fair Isaac Corp. will change its FICO credit-scoring system in September, which could cause some consumers to see dramatic increases or declines in their credit ratings. Fair Isaac spokesman Chris Watts says there presently are 10 population segments with different formulas--eight for consumers with good credit and two for consumers with problem credit--but the changes will increase the number of segments to 12, adding two segments for people with poor credit. According to Watts, "This new system will give lenders more dependable scores for those higher-risk consumers and those who have little history."

Posted by S. Germain at 07:49 AM | Comments (0)

June 15, 2007

The First American Corporation Announces Three Senior-level Appointments

The First American Corporation, America’s largest provider of business information, today announced that Michael A. Rasic has been named vice president, director of SEC reporting; David L. Ruhm, chief actuary; and Mark E. Seaton, director of investor relations.
“Mike, David and Mark each have extensive experience and a significant understanding of their respective fields,” said Frank V. McMahon, vice chairman and chief financial officer of The First American Corporation. “I look forward to working with each one on upcoming projects, and am confident that their expertise and subsequent contributions will bring added strength to First American’s SEC reporting, actuarial and investor relations functions.”

Posted by S. Germain at 09:27 AM | Comments (0)

Jo Etta Bandy Promoted to Senior Vice President, Corporate Communications for The First American Corporation

The First American Corporation, America’s largest provider of business information, today announced that Jo Etta Bandy has been appointed senior vice president, corporate communications.

Recognized for her vital role in working with executive management to develop and disseminate the company’s key messages, Bandy will continue to oversee all facets of First American’s corporate communications efforts, which include media and public relations and internal employee communications and messaging, as well as corporate branding and reputation management.

Posted by S. Germain at 09:26 AM | Comments (0)

June 08, 2007

The First American Corporation's Chairman & Chief Operating Officer Visit India Operations

First Indian Corporation, a wholly owned subsidiary of The First American Corporation recently hosted First American corporate executives Parker S. Kennedy, chairman and CEO and Dennis Gilmore, COO during a five-day visit to India.

The First American officers visited First Indian offices in Bangalore and Hyderabad in order to gain greater insight into the corporation’s overseas operations. During the visit, they reviewed opportunities to further extend First American product and service offerings in the Indian market, met with a high government official to exchange views on First American's expansion plans and learned more about the Indian government, culture and economic vision.

“The Indian economy is growing rapidly and factors strongly into our plans to expand product and service offerings globally,” said Kennedy. “We have established a leadership position in the real estate and mortgage information industries, and that uniquely positions us to offer a higher degree of sophistication in the area of business information services in India.”

Posted by S. Germain at 09:34 AM | Comments (0)

June 01, 2007

Appeals Court Reverses First American Damages

First American Corp. said a federal appeals court has reversed $32.4 million in punitive damages against one of the title company’s subsidiaries.

The 6th U.S. Circuit Court of Appeals last week reversed an early 2005 verdict in the case of Chicago Title Insurance Corp. versus James A. Magnuson, First American said in a Securities and Exchange Commission filing.

The appeals court also ordered a new trial.

The original lawsuit was filed by Chicago Title Insurance Corp., a unit of First American’s rival Fidelity National Financial Inc., which moved from Irvine to Florida in 2003.

Posted by S. Germain at 08:31 AM | Comments (0)

May 25, 2007

First American CREDCO Partners With CreditXpert

CreditXpert Inc., a developer of credit management and optimization solutions, today announced its partnership with First American CREDCO, the leading provider of merged credit reports to the mortgage and consumer finance industries and part of First Advantage Corporation (Nasdaq: FADV - News). First American CREDCO's mortgage origination customers now have access to CreditXpert What-If Simulator(TM), CreditXpert Essentials(TM) and CreditXpert Detective(TM) - software solutions designed to maximize consumer credit ratings.

Posted by S. Germain at 08:17 AM | Comments (0)

The First American Corporation Declares Quarterly Cash Dividend

The First American Corporation (NYSE: FAF), America's largest provider of business information, today announced that its board of directors has declared a regular quarterly cash dividend of 22 cents per common share.

The cash dividend is payable on July 16, 2007, to shareholders of
record as of June 29, 2007. First American has paid a cash dividend for each of the last 98 years.

Posted by S. Germain at 08:15 AM | Comments (0)

May 18, 2007

FirstClose(TM) and First American eAppraiseIT Announce Strategic Partnership

FirstClose, a service of First Lenders Data, Inc. (FLDI), an Austin, Texas-based provider of bundled mortgage settlement services, and First American eAppraiseIT announced today that they have formed a strategic partnership to make First American eAppraiseIT appraisal and valuation services available to the growing list of FirstClose sales agents, resellers, credit unions, banks, and mortgage lenders.

All services offered by eAppraiseIT are now available via the FirstClose platform through a strategic technological integration. Services include 1004 full appraisals, 2055 drive by appraisals, desktop appraisals, and the entire suite of eAppraiseIT valuation services. The technology integration also provides lenders the current status of all appraisal orders, up to date notes and comments regarding the order, real time pricing information, and more.

Posted by S. Germain at 09:09 AM | Comments (0)

May 11, 2007

First American Title Insurance Company Expands Operations in People's Republic of China

First American Title Insurance Company's International Division today announced the establishment of First Title (Beijing) Real Estate Guaranty Co., Ltd., the first wholly foreign-owned enterprise dealing with real estate guaranty in China.

First American has appointed Jinqiang Shi (Gene Shi) as managing director and president of the new company, which provides banks, real estate professionals, developers and others with the Chinese version of escrow products and services necessary to bring peace of mind to local real estate practitioners, as well as home buyers and sellers.

Posted by S. Germain at 08:20 AM | Comments (0)

May 04, 2007

First American Reports Financial Results for First Quarter 2007

Read the entire story here.

Posted by S. Germain at 09:50 AM | Comments (0)

April 27, 2007

The First American Corporation to Hold First-Quarter Conference Call on May 3

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it will host a conference call on May 3, 2007, at 11 a.m. EDT. The call will follow the announcement of the company’s first-quarter operating results, which is scheduled for release on May 3, 2007, at 8:32 a.m. EDT.
The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is “First American.”
An audio replay of the conference call will be available through May 10, 2007, by dialing

Posted by S. Germain at 09:33 AM | Comments (0)

April 20, 2007

Landon Taylor Promoted to Senior Vice President, Director of Market Development for The First American Corporation

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that Landon V. Taylor has been promoted to senior vice president, director of market development.

Read the entire story here.

Posted by S. Germain at 09:21 AM | Comments (0)

First American Home Buyers Protection Corporation Announces New President and Chief Operating Officer

First American Home Buyers Protection Corporation, a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has named Daniel T. Langston president and Lawrence F. Hariton chief operating officer.

Read the entire story here.

Posted by S. Germain at 09:20 AM | Comments (0)

First American’s Parcelpoint™ Technology Delivers New Level of Accuracy for Navigation and Location-Based Applications

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today the release of ParcelPoint™, the next generation in geographic location technology that offers the most advanced solution for superior positional accuracy.

Read the entire story here.

Posted by S. Germain at 09:19 AM | Comments (0)

April 13, 2007

The First American Corporation to Hold First Quarter Conference Call

The First American Corporation announced today that it will host a conference call on May 3, 2007, at 11 a.m. EDT. The call will follow the announcement of the company's first-quarter operating results, which is scheduled for release on May 3, 2007, at 8:32 a.m. EDT.

Investors, members of the financial community and the media, can access the call by dialing 888-955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through May 10, 2007, by dialing 203-369-3279. An audio archive of the call will also be available for replay on First American's Web site.

Posted by S. Germain at 09:39 AM | Comments (0)

Ray Abide Named EVP and COO for First American Commercial Real Estate Services

First American Commercial Real Estate Services, Inc. announced today that Raymond G. Abide Jr. has been named executive vice president and chief operating officer.

In his new position, Abide will be responsible for planning and overseeing the operational management of First American’s commercial lending and real estate clients.

Abide, who joined First American in 1996, brings extensive mortgage banking experience to his new position, most recently serving as senior vice president of information technology with the company’s Corporate Information Technology Group. He is also a certified public accountant.

Posted by S. Germain at 09:38 AM | Comments (0)

Vikki A. Roby Named SVP and Manager of First American National Claims Outsourcing

First American National Claims Outsourcing, a member of The First American Corporation family of companies, announced today that Vikki A. Roby has been named senior vice president and manager.

In her new position, Roby will oversee and manage post-foreclosure claim filings for all loan types including FHA, VA, subprime and conventional, and mortgage insurance for National Claims Outsourcing clients.

Roby brings more than 15 years of default management experience to her new position, most recently serving as vice president and credit sensitive asset channel manager with Homecomings Financial and as vice president of default administration with CitiMortgage, Inc.

Posted by S. Germain at 09:37 AM | Comments (0)

March 30, 2007

eAppraiseIT Enhances Popular PMI Release Program

eAppraiseIT, a leading provider of real estate valuation products and services, announced today that it has enhanced its Private Mortgage Insurance (PMI) Release Outsourcing Program by offering low-cost automated valuation models (AVMs) to homeowners to help them determine whether they will qualify for mortgage insurance release if they order a full appraisal.

Posted by S. Germain at 08:38 AM | Comments (0)

March 23, 2007

First American Launches New Suite of eClosing Services

The First American Corporation today announced the expansion of its eClosing technology offerings to help lenders and settlement agents further streamline the closing process.

Read the entire story here.

Posted by S. Germain at 08:34 AM | Comments (0)

First American Homeownership Foundation Marks First Year Anniversary

The unprecedented boom in homeownership and home values in recent years has benefited many Americans, but not all. The First American Homeownership Foundation (FAHF), a philanthropic entity established by The First American Corporation (NYSE: FAF), which recently completed its first year of operation, is working to address this inequity. FAHF focused heavily on assisting minority, new-immigrant and lower-income families achieve the dream of homeownership in 2006, and this year will emphasize helping current homeowners navigate the adjustable rate mortgage payment increases that are expected to be particularly challenging for lower-income families in 2007 and 2008.

Read the entire story here.

Posted by S. Germain at 08:32 AM | Comments (0)

First American CoreLogic Study Investigates Imapct of Mortgage Payment Reset on the Lending Industry and National Economy

First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies, released a new study today that investigates the impact of mortgage payment reset and provides insight into which loans will be most affected when adjustable-rate mortgages convert from low introductory interest rates to higher prevailing market rates. The study, titled “Mortgage Payment Reset: The Issue and the Impact,” is a definitive and comprehensive analysis of the issues surrounding mortgage payment reset during the next five to seven years.

Read the entire story here.

Posted by S. Germain at 08:30 AM | Comments (0)

March 16, 2007

First American Default Technologies Launches VendorScapeCMS 3.7

First American Default Technologies, a leading default mortgage servicing software provider and a member of The First American Corporation (NYSE: FAF) family of companies, announced today the release of VendorScapeCMS™ 3.7, an automated, configurable workflow solution for the mortgage servicing industry.

Read the entire story here.

Posted by S. Germain at 08:16 AM | Comments (0)

March 09, 2007

First American LoanPerformance Announces Major Enhancements to Its RiskModel Analytics Solution

First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced today the availability of the latest version of its RiskModel analytics solution for forecasting future mortgage prepayments, defaults, losses and projected cash flows.

Read the entire story here.

Posted by S. Germain at 08:03 AM | Comments (0)

March 02, 2007

First American LoanPerformance Launches PreTell 1.2

First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced today that version 1.2 of its PreTell Prepayment Scoring System is now available. This newest version has significantly expanded the types of loans scored and has added a new set of Cross-Sell Scores for enhanced cross-sell and new customer acquisition.

Posted by S. Germain at 09:29 AM | Comments (0)

The First American Corporation Reports Financial Results for the Fourth Quarter and Full Year 2006

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced financial results for the fourth quarter and full year ended Dec. 31, 2006.

Read the entire story here.

Posted by S. Germain at 09:25 AM | Comments (0)

February 26, 2007

First American Announces Launch of Electronic Signing Through EverBank

First American Title Insurance Company announced today that its Lenders Advantage division is now implementing WebSigning, a new application that gives consumers a safe, secure and convenient way to sign and approve mortgage refinance loan documents through the Internet. EverBank is the first lender to utilize the WebSigning service.

Posted by S. Germain at 08:45 AM | Comments (0)

First American Invests $1 Million in the San Francisco Housing Development Corporation’s Equity Fund

The First American Corporation announced today that its New Market Ventures Fund has invested $1 million in the San Francisco Housing Development Corporation’s (SFHDC) Equity Fund, a program addressing the housing and retail needs of southeast San Francisco and leading the development of 300 affordable new homes in San Francisco’s Bayview-Hunters Point neighborhood.

First American’s New Market Ventures Fund was established in 2006. It is committed to investing in companies and or projects that are designed to increase the rate of homeownership in under-served communities.

Posted by S. Germain at 08:43 AM | Comments (0)

February 16, 2007

The First American Corporation Selects Archer Technologies to Streamline and Automate Policy, Risk and Compliance Management Initiatives

Archer Technologies, a leader in enterprise risk and compliance management solutions, today announced that The First American Corporation, America's largest provider of business information, has selected Archer's Policy and Risk Management solutions to streamline business processes and provide meaningful insight on the company's information security risk and compliance environment.

Posted by S. Germain at 08:31 AM | Comments (0)

February 09, 2007

Philip C. Johnsen and Joni H. Pierce Assume Key Positions Within First American's Default Information Services Group

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today that Philip C. Johnsen, has been named executive vice president of sales for the company’s Default Information Services group of companies. Filling the position previously held by Johnsen, Joni H. Pierce will now serve as chief operating officer for First American Residential Value View.

Read the entire story here.

Posted by S. Germain at 08:39 AM | Comments (0)

The First American Corporation to Hold Fourth Quarter Conference Call

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today that it will host a conference call on March 1, 2007, at 11 a.m. EST. The call will follow the announcement of the company’s fourth-quarter operating results, which is scheduled for release on March 1, 2007, at 8:32 a.m. EST.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through March 8, 2007, by dialing (203) 369-0114. An audio archive of the call will also be available for replay on First American’s Web site.

Posted by S. Germain at 08:38 AM | Comments (0)

First American Real Estate Solutions Merges With CoreLogic Systems, Inc.

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it has merged its First American Real Estate Solutions (“RES”) division, a part of its FARES LLC subsidiary, with Sacramento, Calif.-based CoreLogic Systems, Inc., a leading provider of mortgage risk assessment and fraud prevention solutions. In 2006, RES and CoreLogic generated approximately $252 million and $74 million in revenues, respectively.

Read the entire story here.

Posted by S. Germain at 08:37 AM | Comments (0)

February 02, 2007

First American Launches Real Estate Information Technology Company, MarketLinx, Inc.

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced the launch of MarketLinx®, a new company established to effectively address the full range of information technology needs of residential real estate professionals. MarketLinx combines the strengths of First American subsidiaries First American MLS Solutions, Inc.; Offutt Systems; Sonic Eagle, Inc.; and Lucero Research Corporation to provide customizable technology solutions for multiple listing services, brokers and agents through a single entity.

MarketLinx offers a full line of technology and support services through systems currently used by more than half a million real estate professionals nationwide. Products and services include the MLXchange, TEMPO(TM) and InnoVia MLS systems and related association solutions; AgentAchieve(TM), a Web-based software solution that provides best-in-class broker business management and agent productivity tools; and Lucero Summit residential real estate office management software systems.

Posted by S. Germain at 08:07 AM | Comments (0)

January 26, 2007

First American LoanPerformance Announces 2007 Symposium Series

First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced today the dates and locations for its 6th annual complimentary symposium series, which focuses on best-practice mortgage risk management strategies and solutions.

All symposiums will be held from 8:30 a.m. to 12 p.m. and will be preceded by registration and a complimentary breakfast buffet beginning at 8 a.m. A complete agenda and location details are available at www.loanperformance.com/events/symposiums. Attendees can register online by selecting the appropriate link for the city of their choice. Note: No vendors or consultants can register without prior approval from First American LoanPerformance. Questions regarding the 2007 First American LoanPerformance Symposium Series can be emailed to symposiums@loanperformance.com or answered by phone at (415) 536-3508.

Posted by S. Germain at 08:18 AM | Comments (0)

January 19, 2007

First American Introduces Instant Title for Refinance Transactions

First American Title Insurance Company announced today that its Lenders Advantage Division has completed development of TitleSmart(TM) -- a new technology that delivers insured title commitments in less than 60 seconds.

The instant title information offered by TitleSmart gives mortgage lenders a significant advantage in pursuing refinance loan business. Having the full title facts -- including ownership, tax, lien, title conditions and closing fee information -- immediately in-hand, rather than waiting the traditional 48 hours to receive that information, increases the lender's ability to effectively consult clients and efficiently close more loans.

Posted by S. Germain at 08:23 AM | Comments (0)

First American Real Estate Solutions Consolidates Mission-Critical Data Centers With Fujitsu PRIMEPOWER Servers

Fujitsu Computer Systems Corporation today announced that First American Real Estate Solutions (RES(TM)), the nation's largest provider of advanced property and ownership information, analytics and services and a member of The First American Corporation (NYSE:FAF - News) family of companies, has completed a three-year project using highly reliable Fujitsu PRIMEPOWER® servers. The First American Corporation is using PRIMEPOWER servers to consolidate several data centers into two -- one at its Santa Ana, Calif. headquarters for its primary business servers and the other near Dallas for disaster recovery purposes. Using the virtualization capabilities of the PRIMEPOWER server, RES has simplified IT management, enabling long-term cost savings, streamlined compliance processes and faster recovery in the event of a disaster.

Posted by S. Germain at 08:22 AM | Comments (0)

January 12, 2007

First American Title's National Commercial Services Division Announces Two Strategic Leadership Appointments

First American Title Insurance Company today announced the appointment of two seasoned executives to run its National Commercial Services (NCS) division. Sally French Tyler, the division's new president, succeeds Curt Johnson, who was recently promoted to president of First American Title Insurance Company. Working closely with Tyler will be Joseph J. Ghilardi, who has been named senior executive vice president and chief operating officer of National Commercial Services.

In their new roles, Tyler and Ghilardi will be responsible for planning and overseeing the operational management of First American's commercial real estate activities, as well as coordinating activities and strategies for First American's commercial real estate regions throughout the United States.

Posted by S. Germain at 08:20 AM | Comments (0)

First American Title Insurance Company Acquires Minnesota-Based Complete Title Services, LLC

First American Title Insurance Company announced today that it has acquired Complete Title Services, LLC located in Brainerd, Minn. Terms of the transaction were not disclosed.

Posted by S. Germain at 08:19 AM | Comments (0)

January 05, 2007

First American Receives 2006 InfoWorld 100 Award

The First American Corporation (NYSE: FAF), America’s largest provider of business information, was recently named to the InfoWorld 100, InfoWorld Magazine’s highest honor for information technology (IT) operations consolidation. The annual awards honor IT projects that demonstrate the most creative use of cutting-edge technologies to further their business goals. Business Technology Optimization (BTO) software from HP (NYSE: HPQ) was at the foundation of First American’s winning IT operations consolidation project that was recognized by the editors of InfoWorld.

The First American project included the implementation of Information Technology Infrastructure Library (ITIL)-based processes to keep focus on business outcomes while streamlining operations. HP Software BTO offerings were implemented to provide increased visibility into the infrastructure and help First American understand how changes and new applications will behave, function and perform throughout the consolidation process.

Posted by S. Germain at 08:29 AM | Comments (0)

December 15, 2006

The First American Corporation Acquires UKValuation, Ltd.

The First American Corporation (NYSE: FAF), the largest provider of business information in the United States and the leading provider of title insurance services internationally, today announced that it has acquired UKValuation, Ltd., Countrywide Financial Corporation’s (CFC) UK-based automated valuation model (AVM) business headquartered in Dartford, Kent, England. Under the terms of the agreement, UKValuation’s staff, clients, technology and other assets will be transferred to The First American Corporation.

First American has operated in the United Kingdom for more than 20 years through First Title, plc., a wholly owned subsidiary providing title insurance and related services in the UK. As a result of this acquisition, First Title’s scope of operations will be expanded to include local market support for the UKValuation business.

Posted by S. Germain at 08:13 AM | Comments (0)

First Indian Corporation Extends Operations into Third City in India—Selects Mangalore

First Indian Corporation, a wholly owned subsidiary of The First American Corporation (NYSE: FAF), the largest provider of business information in United States, today announced the selection of Mangalore as the third city in which to establish its operations in India.

A new First Indian facility will initially support transaction processing services for the U.S. mortgage industry. First Indian Corporation will seek to initially recruit 250 area professionals and leverage the city’s infrastructure to deliver services to its parent company.

Posted by S. Germain at 08:11 AM | Comments (0)

The First American Corporation Declares Quarterly Cash Dividend

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that its board of directors has declared a regular quarterly cash dividend of 18 cents per common share.

The cash dividend is payable on Jan. 15, 2007, to shareholders of record as of Dec. 29, 2006. First American has paid a cash dividend for each of the last 97 years.

Posted by S. Germain at 08:10 AM | Comments (0)

December 08, 2006

Latest Issue of First American LoanPerformance MarketPulse(TM) Features Study of 2005 Subprime Origination Default From Friedman, Billings, Ramsey

First American LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

This report features a new whitepaper by Michael D. Youngblood, Ph.D., managing director, asset-backed securities research for Friedman, Billings, Ramsey Group Inc. (NYSE: FBR - News) entitled, "Explaining the Higher Default Rates of the 2005 Origination Year." The study examines the potential reasons why subprime loans originated in 2005 are experiencing higher default rates than loans of the same age originating in the two previous years.

The study attributes the increase in default rates to economic weaknesses in 95 metropolitan statistical areas, including weak labor market conditions and the ongoing impact of Hurricanes Katrina and Rita on Louisiana and Mississippi.

The report also summarizes a selection of key mortgage performance statistics through June 2006, including geographic markets with the highest percentage of interest-only purchase loan originations and the highest incidence of serious delinquency and prepayment rates for prime and subprime loans.

Posted by S. Germain at 08:03 AM | Comments (0)

First American Title's Lenders Advantage Division Announces Completion of Its One-Millionth FACT Order

First American Title Insurance Company today announced that its Lenders Advantage Division has completed its one-millionth FACT order. Introduced in 2003, FACT is an accelerated title and settlement solution that helps home equity lenders complete same-day loan closings -- and positively impact their customers' in- branch or call-in experience -- while mitigating lender risk through best-in- class fraud protection and insurance tailored to the unique needs of equity lenders.

Prior to FACT, banks and credit unions often waited 2-3 days for a title search that provided $20,000 in warranty coverage, regardless of the loan amount. If a lender desired title insurance, either a full ALTA (American Land Title Association) policy could be purchased for 4-8 times the cost of the FACT product, or a Junior Loan Policy could be obtained for 2-4 times the cost of FACT. Either option added considerable time and cost to the loan closing, rendering both forms of protection less appealing to equity lenders.

Posted by S. Germain at 08:02 AM | Comments (0)

Curt G. Johnson Promoted to President of First American Title Insurance Company

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, announced today that Curt G. Johnson has been named president of First American Title Insurance Company. Johnson, who previously served as senior vice president and National Commercial Services director for First American Title, will assume responsibility for overseeing the company's title operations on a national level.

Johnson succeeds Gary L. Kermott, who recently moved to the position of vice chairman for First American Title Insurance Company.

Johnson began his career with First American in 1996, when he was hired as vice president-Builder/Commercial Services for the company's Phoenix branch office. Two years later, he transferred to the Santa Ana, Calif., office to accept the position of vice president-California Subdivision, and in 2000 he was named senior vice president-National Subdivision director. In 2001, Johnson assumed the position of senior vice president and director for the company's National Commercial Services group.

Posted by S. Germain at 08:01 AM | Comments (0)

December 01, 2006

First American Joins Gulf Coast Rebuilding Challenge

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it has made a $1 million investment as a charter depositor in The Gulf Coast Rebuilding Challenge, a collaborative effort that aims to raise $1 billion in corporate deposits to provide liquidity for community banks financing reconstruction efforts in hurricane-damaged areas along the Gulf Coast.

Posted by S. Germain at 08:31 AM | Comments (0)

The First American Corporation Names Kathleen M. Collins Senior Vice President, Director of Corporate Compliance

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, has appointed Kathleen M. Collins to the newly created position of senior vice president, director of corporate compliance, as part of the company's efforts to continue to centralize and strengthen its existing compliance programs. Collins will have compliance oversight covering the corporation's operational, human resources and information security programs, and will retain her positions as special counsel and assistant secretary for the corporation.

Experienced in state and federal compliance and regulatory requirements, Collins has served as vice president, special counsel and associate counsel for The First American Corporation since 2001. In addition to her extensive industry experience, Collins, who has worked for First American since 1997, holds a bachelor's degree from American University in Washington, D.C., and a juris doctor from Loyola Law School in Los Angeles.

Posted by S. Germain at 08:29 AM | Comments (0)

November 17, 2006

First American Real Estate Solutions' New Study Investigates Residential Real Estate Foreclosures

First American Real Estate Solutions (RES®)today announced that it has released its 2006 nationwide foreclosure study that investigates the increasing prevalence of foreclosure sales and the depth of discounts in 705 counties in 43 states, including the District of Columbia.

Entitled "A Ripple, Not a Tidal Wave: Foreclosure Prevalence and Foreclosure Discount," the study by Christopher Cagan, Ph.D., director of research and analytics at First American Real Estate Solutions, investigates the trends in the number and prevalence of residential foreclosures and the discounts that are offered to sell properties that are repossessed by lenders. The study finds that foreclosure prevalence and discounts have been increasing, but this trend remains a ripple that has not become the tidal wave some expected would overwhelm the market.

Posted by S. Germain at 09:43 AM | Comments (0)

First American LoanPerformance Mortgage Securities Database Surpasses $1.5 Trillion Milestone

First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that its mortgage securities database now contains loan-level information on more than $1.5 trillion worth of active securitized mortgages.

First American LoanPerformance's mortgage securities database is the mortgage industry's largest repository of non-agency mortgage-backed securities (MBS) and asset-backed securities (ABS) data. It covers approximately 85 percent of outstanding loans with history dating back to 1992 for non-agency MBS, and back to 1997 for ABS (nonprime and Alt-A). The securities data features detailed loan-level information on the underlying collateral of more than 8,500 active loan pools from more than 130 issuers.

Posted by S. Germain at 09:42 AM | Comments (0)

First American Provides Title Insurance Coverage and Settlement Services for a $6.6 Billion Commercial Real Estate Transaction

First American Title Insurance Company announced today that its National Commercial Services (NCS) division has successfully completed the closing of the sale of approximately 6.1 million acres of forestlands for aggregate proceeds of approximately $6.6 billion. The $6.6 billion in land sales represent one of the largest transactions in the history of the title insurance industry.

First American enabled the successful completion of two major transactions for International Paper, including the transfer of 900,000 acres of forestland in Louisiana, Texas and Arkansas to TimberStar for approximately $1.13 billion on Oct. 30, 2006, and the transfer of 4.2 million acres of forestlands located across the southeastern United States and in Michigan and Texas to an investor group led by Resource Management Service, LLC for approximately $5 billion on Nov. 3, 2006. First American also assisted International Paper in three additional property sales this year.

Posted by S. Germain at 09:41 AM | Comments (0)

First American Property & Casualty Insurance Company's CIO Jim Court Named One of Insurance & Technology Magazine's Elite 8

First American Property & Casualty Insurance Company, a member of The First American Corporation (NYSE: FAF - News) family of companies, announced today that Jim Court, vice president and chief information officer of First American Property & Casualty Insurance Company, was named one of Insurance & Technology magazine's Elite 8. The official announcement was made in a special Oct. 5 issue dedicated to chief information officers and other senior technology executives, who, according to the magazine article, "have played key strategic roles in their companies' success."

Court, who joined First American in 1999, has more than 15 years of experience in managing information systems. In his current role, he is responsible for First American Property & Casualty Insurance Company's information technology strategy and implementation, which includes securing technology that bolsters the efficiency, convenience and growth of the company's services and products.

Posted by S. Germain at 09:40 AM | Comments (0)

November 10, 2006

Gary L. Kermott Transitions to Vice Chairman of First American Title Insurance Company

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, announced today that Gary L. Kermott will transition from his current role as president of First American Title Insurance Company to the position of vice chairman of First American Title Insurance Company. Kermott will assist in overseeing First American's title insurance segment until a new president of the title company is appointed.

Kermott was appointed president of First American Title Insurance Company in January 1999. During his tenure, he has overseen the title company's growth through several strategic initiatives, including the rollout of its FAST Transaction System -- First American's industry leading title production platform -- across all First American title offices, the implementation of the company's multiple brand title marketing strategy, and the streamlining and consolidation of processing operations into centralized locations both domestically and abroad. Under Kermott's leadership, First American reclaimed its position as the largest provider of title insurance and related settlement services in the nation in 2006. The company saw revenues increase 174 percent from $2.18 billion in 1999 to $5.98 billion in 2005, and profits climb 364 percent from $178.7 million to $596.9 million during that timeframe.

In his new position as vice chairman of First American Title Insurance Company, Kermott will assist with a number of strategic activities, including sales efforts aimed at major agents and customers, and the strengthening of First American's regulatory relationships.

Posted by S. Germain at 10:31 AM | Comments (0)

First American's Anthem Lender Directory Offers a Clear Path to Brokers and Lenders Now Using Alternative Credit Solutions

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced the availability of the Anthem Lender Directory, a growing index of screened and certified mortgage lenders who have incorporated nontraditional credit scoring solutions into their underwriting processes. More than 200 loan officers from across the nation are currently listed in the growing directory, which assists real estate agents, community-based organizations, home counseling service providers and consumers in identifying lenders who are using the latest credit evaluation techniques to deliver the best possible loans at the best possible prices.

Posted by S. Germain at 10:30 AM | Comments (0)

November 03, 2006

The First American Corporation Reports Preliminary Financial Results For The Third Quarter 2006

Read the entire story here.

Posted by S. Germain at 09:06 AM | Comments (0)

October 27, 2006

The First American Corporation to Hold Third-Quarter Conference Call

The First American Corporation (NYSE:FAF - News), the nation's largest data provider, announced today that it will host a conference call on Nov. 2, 2006, at 11 a.m. EST. The call will follow the announcement of the company's third-quarter operating results, which is scheduled for release on Nov. 2, 2006, at 8:32 a.m. EST.

Investors, members of the financial community and the media can access the call by dialing 888-955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through Nov. 9, 2006, by dialing 402-998-1599. An audio archive of the call will also be available for replay on First American's Web site.

Posted by S. Germain at 09:23 AM | Comments (0)

First American Real Estate Solutions' Report Reveals San Francisco Homeowners Hold Over $38 Billion in Equity

First American Real Estate Solutions (RES®), the nation's largest provider of advanced property and ownership information, analytics and services, announced today the release of its latest regional equity report, which identifies more than $38 billion of available equity among San Francisco homeowners and identifies how the presence of equity can be used as a key indicator for targeted marketing.

The report, entitled "Equity by the Bay," is authored by Christopher Cagan, Ph.D., director of research and analytics at First American Real Estate Solutions, and examines 87,000 single-family residences and condominiums in the city of San Francisco and San Francisco County. San Francisco is one of the highest-priced housing markets in the nation with a median sale price of $790,000 for single-family residences and $740,000 for condominiums, or more than triple the national median of $225,000 for single-family homes and condominiums together. The report indicates that the $38 billion in equity represents 48 percent of the total market value of almost $79 billion, and that even those homeowners who purchased or refinanced during the first half of 2006 hold an average of 23 percent equity.

Posted by S. Germain at 09:22 AM | Comments (0)

United General Title Insurance Company Launches United Lender Services Division

United General Title Insurance Company, a subsidiary of First American Title Insurance Company and a member of The First American Corporation (NYSE: FAF - News) family of companies, today announced the formation of its United Lender Services division. United Lender Services, with offices in California and Pennsylvania, will provide title insurance, closing/settlement services and related products nationwide.

Posted by S. Germain at 09:21 AM | Comments (0)

First American Introduces Powerful New Workflow Solutions for FAWS Platform

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that it has added a new, powerful set of automated workflow solutions to its industry-leading, Web-based FAWS ordering platform. The expanded rules-based settlement services decisioning, intelligent product bundling, real-time rate quoting, federated workflow models and dynamic task- management features combine to offer a valuable set of solutions for managing the complex business requirements of mortgage lenders.

First American's newest version of its online order platform enables mortgage lenders to order all of their settlement services through a single interface, as well as automatically generate task assignments derived from the results of the product orders, based upon the lender's predefined profile. This newest version converts mortgage lenders' manual processes from a basic ordering and follow-up procedure, to a model that uses detailed programmed action plans that can quickly guide lenders to closing.

Posted by S. Germain at 09:21 AM | Comments (0)

October 13, 2006

Christopher Gleiter of The First American Corporation Earns Certified Mortgage Banker Designation

The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that Christopher Gleiter, a director of corporate professional services for the First American Enterprise Technology Group, the company’s enterprise-wide solutions development center, has earned the prestigious Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association (MBA).

Gleiter, an 18-year veteran in the financial services industry, joined First American in 2004. As a director of corporate professional services for the First American Enterprise Technology Group, he is responsible for managing technology relationships between First American and its largest clients.

Posted by S. Germain at 08:13 AM | Comments (0)

October 06, 2006

First American LoanStar Trustee Services Expands Service Area in Northwest United States

First American LoanStar Trustee Services, a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has expanded its operations to provide trustee services in Washington and Oregon. The company also announced the formal adoption of its new corporate name, First American LoanStar Trustee Services (formerly Mortgagee Services) and the completion of its move to First American’s corporate campus in Westlake, Texas.

First American LoanStar Trustee Services currently performs trustee services in California, Arizona, Nevada, Washington and Oregon. The company reports that future expansion, as with past expansion, will be based on client demand.

Posted by S. Germain at 10:33 AM | Comments (0)

First American’s FAPay Service Streamlines Electronic Mortgage Payment Processing

First American Default Information Services, a member of The First American Corporation (NYSE: FAF) family of companies, announced today the immediate availability of FAPayTM, a new service that streamlines electronic acceptance of single or scheduled mortgage payments.

FAPay, which debuted in February when it was first implemented at Bank of America, is a stand-alone Web service that allows for the secure storage and processing of individual payments and future payment schedules. FAPay provides functionality to manipulate schedules and fees, as well as providing per-client administration controls. These payments process into Automated Clearing House (ACH) payment batch files and servicing system transaction files for submission into the servicer’s financial system. AES (Advanced Encryption Standard) encryption ensures a fully secure processing environment.

FAPay is currently integrated with Computer Sciences Corporation’s EarlyResolution™ default management suite, and can be integrated with leading default mortgage servicing applications and adapted to meet specific customer needs. In addition to default, FAPay is applicable to all areas of the mortgage and consumer loan arena, such as automobile and customer service. A planned future release of the service will enable interaction between the loan servicer and foreclosure and bankruptcy attorneys for the transmission of payoffs and reinstatements.

Posted by S. Germain at 10:32 AM | Comments (0)

Kyle Forsgren Named Senior Vice President of Operations for First American LoanStar Trustee Services

First American LoanStar Trustee Services, a member of The First American Corporation family of companies, announced today that Kyle Forsgren has been named senior vice president of operations.

In his new position, Forsgren will oversee key aspects of the company’s internal operations and will focus on exceeding client expectations, increasing efficiency, expanding capacity and implementing strategic plans for continued growth. He will be based in Westlake, Texas, at the corporate campus for First American’s Mortgage Information Services Group.

Posted by S. Germain at 10:30 AM | Comments (0)

First American Default Information Services Announces Formation of Subordinate Lien Outsourcing Group

First American Default Information Services, a member of The First American Corporation (NYSE: FAF - News) family of companies, announced today the formation of First American Subordinate Lien Outsourcing group, a new unit dedicated to the development of unique solutions for the growing second lien market.

"The Subordinate Lien Outsourcing group will serve as a storefront for many of the second lien products that First American offers," said Dennis J. Gilmore, chief operating officer of The First American Corporation. "This represents another business solution that is countercyclical to our mortgage origination-related services. The group will provide a comprehensive outsourcing solution for delinquent second liens by leveraging First American's industry-leading property and credit databases."

First American's Subordinate Lien Outsourcing group will be led by Jason Pinson, who will serve as president reporting to Chris Leavell, chief operating officer of First American Default Information Services. The group will be headquartered at First American's corporate campus in Westlake, Texas. Pinson most recently served as president of DefaultLink. Bob Hall, formerly of Ocwen Financial Corporation, has joined the Subordinate Lien Outsourcing group as chief operating officer.

Posted by S. Germain at 10:28 AM | Comments (0)

First American Real Estate Solutions Surpasses 250 Million Automated Property Valuations

First American Real Estate Solutions (RES®), the nation's largest provider of advanced property and ownership information and a member of The First American Corporation (NYSE: FAF - News) family of companies, today announced that it has delivered more than 250 million automated property valuations to lenders and investors since it first started reporting customer usage of its automated valuation models (AVM) three years ago.

Posted by S. Germain at 10:27 AM | Comments (0)

The First American Corporation Names Sandra Bell Vice President and Chief Marketing Officer

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that Sandra Bell has joined the company as its vice president and chief marketing officer.

In this newly created position, Bell will be responsible for identifying and overseeing corporate marketing strategies designed to increase market penetration of First American's products, services, solutions and technology. She will work in conjunction with First American's national marketing and sales organization and corporate communications department in the areas of advertising, Internet promotion, corporate events and market research.

Posted by S. Germain at 10:26 AM | Comments (0)

September 29, 2006

First American Real Estate Solutions Selected as Trailing Document Provider for Nationstar Mortgage(SM)

First American Real Estate Solutions (RES®), the nation's largest provider of advanced property and ownership information, analytics and services, announced today that it has been selected by Nationstar Mortgage(SM), one of the nation's leading nonprime mortgage and home equity lenders, to provide trailing document and lien release services following loan closings.

Nationstar Mortgage closes 4,000 loans and processes approximately 2,500 lien releases per month. As with any lender of this size, tracking trailing documents after a loan closes is a time-consuming, manual process that can be costly to the lender. To solve this problem, Nationstar selected First American RES' Document Tracking and Recovery Service, which tracks trailing documents, from inception through delivery, to investors or custodians. The service combines document tracking, document retrieval, assignment and lien release creation and recordation, freeing lenders from this time-consuming process and allowing them more time to focus on their core business practices.

Posted by S. Germain at 08:10 AM | Comments (0)

September 22, 2006

Sapan Bafna Named Transition Director of International Services for First American's International Services Group

In his new position, Sapan will be responsible for administering and managing all activities associated with off-shoring the business processes and related technology for clients of First American. He will be based at First American’s corporate campus in Westlake, Texas.

Sapan has been with First American for the past three years, most recently serving as manager of global sourcing where he helped to guide the ongoing success of First American’s offshore facilities. Prior to joining First American, he held the position of manager of strategy planning with Equitrac Corp and director of finance with ICSAT US, a leading travel technology company, where he championed the business plan to setup an offshore software development center for the company in India.

Posted by S. Germain at 08:16 AM | Comments (0)

September 15, 2006

First American Title Announces Partnership With Florida Housing Groups

First American Title Insurance Company today announced that it will host a special event on Sept. 18 to recognize a group of eight Florida nonprofit organizations that the company has partnered with to further the shared goals of increasing homebuyer education and the development of affordable housing in Central Florida.

First American Title will present $50,000 in grants from the First American Homeownership Foundation to the eight organizations. The contributions will assist in the development of more than 600 affordable new homes for low- to moderate-income families throughout Florida, and to provide homebuyer education and counseling services to more than 1,000 households. In addition to monetary donations, First American employees will provide volunteer labor for home maintenance services on the sponsored properties and educational services to help homebuyers and potential homebuyers better understand the closing process and the role of title insurance in protecting their investment.

Posted by S. Germain at 10:01 AM | Comments (0)

HomeFree-USA and First American Work Together to Increase Minority Homeownership in Dallas

HomeFree-USA, a leading nonprofit homeownership achievement organization, and The First American Corporation (NYSE: FAF - News), America's largest provider of business information, announced a new effort underway to join public sector, private sector and nonprofit organizations to drive successful homeownership within Dallas-area minority communities.

HomeFree-USA and First American have partnered since early 2006 to help expand the vital pre-purchase education and post-purchase follow-up counseling services that homebuyers need. Throughout the past 11 years, HomeFree-USA has provided these services to thousands of consumers, helping them to buy and keep their homes. The organization intends to expand its successful homeownership center concept to additional metropolitan markets -- including Dallas in November 2006 -- to provide the necessary support services to help convert renters into long-term homeowners.

Posted by S. Germain at 10:00 AM | Comments (0)

September 08, 2006

The First American Corporation Acquires the Businesses of KTR Newmark Real Estate Services and KTR Newmark Consultants

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that it has acquired the business and operations of privately held KTR Newmark Real Estate Services LLC and KTR Newmark Consultants LLC, two firms that, combined, offer a full range of advisory services relating to the appraisal, environmental and engineering aspects of commercial real estate investment. Terms of the acquisition, which closed Sept. 1, 2006, were not disclosed.

As part of First American, the combined businesses will operate under the name KTR Valuation & Consulting Services, LLC (KTR), a wholly owned subsidiary of The First American Corporation. Headquartered in New York City with regional offices in Chicago, Dallas, Los Angeles and Woodbridge, N.J., the company employs more than 60 highly skilled appraisers, engineers, architects, environmental scientists, expert witnesses and other professionals with extensive knowledge of local and national real estate markets and issues. It will continue to provide full-service national due diligence activities encompassing valuation, environmental, engineering and contract underwriting services for investment-grade commercial real estate projects and assets.

Posted by S. Germain at 08:06 AM | Comments (0)

September 01, 2006

GMAC-RFC Selects First American Real Estate Solutions' LoanIQ as Collateral Risk Mitigation Solution

The LoanIQ™ collateral risk mitigation solution by First American Real Estate Solutions (RES®), the nation’s largest provider of advanced property and ownership information, analytics and services, has been selected by GMAC-RFC, a leading private issuer of mortgage-backed securities, and will be incorporated into the company's collateral risk mitigation system.

The LoanIQ system is an analytical product that reduces mortgage fraud and default exposure by providing an instant assessment of the collateral risk associated with a particular property and its surrounding neighborhood. LoanIQ provides two simple scores—the LoanIQ Score and the Market Risk Score—that enable lenders such as GMAC-RFC to fast-track low-risk loans through their approval processes while accurately identifying high-risk loans that warrant further investigation.

Posted by S. Germain at 08:20 AM | Comments (0)

First American Field Services Completes Consolidation to New Corporate Campus

First American Field Services, a leading provider of onsite property inspections and property integrity solutions, and a member of The First American Corporation (NYSE: FAF) family of companies, has successfully completed its move from Sterling, Va., to First American Mortgage Information Services Group’s new corporate campus in Westlake, Texas.

The corporate campus was designed to bring First American’s Mortgage Information Services Group companies together in a single location, combining resources and internal efficiencies to provide world-class facilities for employees and clients.

The centralized campus support system will provide First American Field Services with accounting, finance, human resources, technology infrastructure, audit and other ancillary functions. This, in turn, will allow the company to focus its resources on corporate management, order fulfillment, marketing, training, supply chain management and various other functions that will benefit users.

Posted by S. Germain at 08:19 AM | Comments (0)

First American National Default Outsourcing Names Subodh Singh Vice President

First American National Default Outsourcing has announced that Subodh Singh has been appointed vice president.

Subodh brings 18 years of default industry experience to First American, most recently serving as director of operations for Dallas-based Defaultlink. Prior to joining First American, Subodh served as assistant vice president of default loan servicing with JP Morgan Chase, leading the foreclosure, bankruptcy, payment processing, cash management and executive resolution departments. He also served four years in the U.S. Air Force as a Flight Medic.

Posted by S. Germain at 08:17 AM | Comments (0)

First American Partners With San Antonio Alternative Housing Corporation

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that its recent donation of $25,000 to San Antonio Alternative Housing Corporation (SAAHC), a nonprofit organization that has provided housing and support services for low- to moderate-income families in Texas for nearly 13 years, has enabled SAAHC to complete predevelopment work on a 59-unit subdivision located in San Antonio's lowest income census tracts.

Posted by S. Germain at 08:16 AM | Comments (0)

August 25, 2006

The First American Corporation Declares Quarterly Cash Dividend

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that its board of directors has declared a regular quarterly cash dividend of 18 cents per common share.

The cash dividend is payable on Oct. 13, 2006, to shareholders of record as of Sept. 29, 2006. First American has paid a cash dividend for each of the last 97 years.

Posted by S. Germain at 09:12 AM | Comments (0)

Karen Delgado named business analyst for First American NDO

Karen Delgado will serve as business analyst for First American National Default Outsourcing, focusing on process improvement and quality assurance. She brings 11 years of default industry experience to First American, most recently holding the position of vice president of bankruptcy servicing for the Dallas-based Defaultlink. Having served four years in the U.S. Air Force as an accounting and finance specialist, Karen segued into a career in the banking industry with Country Wide Home Loans and later joined Washington Mutual Bank as a bankruptcy and foreclosure specialist.

Posted by S. Germain at 09:10 AM | Comments (0)

August 18, 2006

The First American Corporation Names Christopher Del Moral-Niles Treasurer

The First American Corporation announced that Christopher Del Moral-Niles has been named treasurer and an officer of the corporation.

In this position, Niles will coordinate cash management, investment, financing and capital management activities across The First American Family of Companies. Niles will also support several initiatives related to the centralization of treasury functions, financial planning and budgeting for the company.

Niles, a Chartered Financial Analyst, brings 15 years of financial services industry experience to this position. He joins First American from Union Bank of California, NA, where he most recently served as senior vice president and director of Liability Management for the bank. Niles also served as president and director of UnionBanCal Commercial Funding Corp. and had previously served as the bank's Asset/Liability strategist.

Posted by S. Germain at 08:47 AM | Comments (0)

First American Real Estate Solutions Expands Internationally Through Strategic Investment in Australia-Based RP Data

First American Real Estate Solutions announced that it has entered into a strategic alliance with, and purchased a 38-percent interest in, privately-held RP Data Limited, the leading provider of property information for Australia and New Zealand. The contribution of rights to intellectual property and cash by First American RES will facilitate RP Data's expansion in the Asia Pacific region.

Headquartered in Brisbane, Australia, RP Data will serve as the base for First American RES' expansion into Australia, New Zealand and Southeast Asia. First American RES' products and services will be integrated into RP Data's existing operations through a licensing agreement for First American RES' intellectual property, platforms and technologies, including First American RES' patent-pending automated valuation and collateral risk solutions.

Posted by S. Germain at 08:46 AM | Comments (0)

Teresa Marianos Named Compliance Director for First American LoanStar Trustee Services

First American LoanStar Trustee Services announced that Teresa Marianos has been named legal administration and compliance director.

In her new position, Marianos will be responsible for all legal action and compliance issues within LoanStar and will assist in internal training and quality initiatives.

Marianos most recently served as a managing partner with Shapiro, Marianos & Cejda, L.L.P. an Oklahoma City-based law firm that specializes in the representation of mortgage lenders across the country. She has served also as the president of First Financial Title Agency of Oklahoma, Inc. and is a licensed title agent in the state of Oklahoma. She earned a Bachelor of Science degree from Oklahoma State University in 1982, and a Juris Doctorate from The University of Tulsa College of Law in 1985.

Posted by S. Germain at 08:44 AM | Comments (0)

Option ARMs Remain Popular in Spite of Risks

Option ARMs are on the rise, with First American unit LoanPerformance reporting that the loans accounted for 12.3 percent of mortgage originations during the first five months of the year, compared to 8.4 percent in all of 2005. Many consumers are turning to the nontraditional finance product because its introductory rate can run as low as 1 percent and because they have the option of making a minimum payment, an interest-only payment or a standard monthly payment each month. However, consumers who take out an option ARM may also have to contend with a rising loan balance and an interest rate that exceeds the average rate on 30-year fixed mortgages once the introductory period ends. According to HSH Associates mortgage analyst Keith ! Gumbinger, "It's hard to know why anybody would want [an option ARM] in the current rate environment," which has pushed the introductory rate to 2 percent or more and may increase the true interest rate to more than 7 percent.

Posted by S. Germain at 08:25 AM | Comments (0)

August 11, 2006

First Title Insurance Policies Protect Europe's Largest-Ever CMBS Transaction

The First American Corporation (NYSE: FAF - News), the largest provider of business information in the United States and the leading provider of title insurance services internationally, announced today that its wholly owned European title insurance subsidiary, First Title Insurance, plc, has provided title insurance for the largest ever multi-family commercial mortgage-backed securities (CMBS) transaction in Europe. The policies, which enabled the successful Aug. 3 close of the transaction, will protect the security agent against certain defects in title or priority that may exist within the portfolio of properties.

This euro 5.4 billion ($6.8 billion U.S.) debt issue, arranged by Citigroup and Barclays Capital and issued by Deutsche Annington, has been secured against 164,365 residential apartments spread throughout Germany. The debt has been secured by 800 separate mortgages, each one insured by First Title with a different policy. In this instance, title insurance played a crucial role in enhancing the rating for the CMBS vehicle. The transaction marks the first time that title insurance has ever been used for this purpose in Germany.

Posted by S. Germain at 09:30 AM | Comments (0)

The First American Corporation Acquires Offutt Systems, Inc.

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that it has acquired privately-held Offutt Systems, Inc. (OSI), a Greensboro, N.C.-based provider of multiple listing service (MLS) solutions. OSI will be operated through First American MLS Solutions, Inc., a division of First American Residential Group and the leading provider of MLS technology and support services to real estate professionals in North America. Terms of the transaction, which closed Aug. 1, 2006, were not disclosed.

Established in 1971, OSI has grown to offer its services to more than 60 MLS organizations across the country. Its core product, InnoVia, is a proven technology that is widely regarded as the best small- to medium-market MLS solution by many real estate professionals. Recently Offutt has also been successful in securing business from larger MLS clients, further proving the strength of its platform. The highly reliable and scalable technology has been favored for years by Realtor® boards and associations seeking a customized MLS solution that can be competitively priced within smaller boards while effectively competing for medium and large MLS clients.

Posted by S. Germain at 09:29 AM | Comments (0)

The First American Corporation Acquires FAXXON Legal Information Services, Inc.

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that it has acquired privately held FAXXON Legal Information Services, Inc., the leading UCC (Uniform Commercial Code) search and filing company in the Midwestern United States. Terms of the transaction, which closed June 30, 2006, were not disclosed.

The objective of First American's UCC Division is to grow its businesses of UCC insurance, search, filing and other corporate services both through acquisition and the expansion of its customer base. The acquisition of FAXXON represents another important step toward the achievement of that ultimate goal.

Posted by S. Germain at 09:28 AM | Comments (0)

Latest Issue of LoanPerformance MarketPulse(TM) Features New Whitepaper on Measuring Mortgage Servicer Performance

LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

This latest report features a new whitepaper by Thomas Showalter, vice president, product management for LoanPerformance, entitled "Mortgage Servicing: An Apples to Apples Comparison with Billions at Stake." By using a proprietary LoanPerformance analysis that reflects the underlying risk of the types of loans being serviced, the study produces insightful results.

Posted by S. Germain at 09:27 AM | Comments (0)

August 04, 2006

LoanPerformance Unveils TrueStandings™ Servicing

LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the availability of TrueStandings Servicing, the next generation of LoanPerformance's servicing database that replaces its LPS Prime and Subprime data products. TrueStandings Servicing will give clients easier access to the information they need to make more accurate underwriting, loss mitigation, marketing and purchase decisions.
Following a successful beta launch last fall, the new TrueStandings Servicing provides instant access to the largest repository of mortgage performance data, consisting of more than 40 million active mortgage loans, with additional access to a historical database of more than 100 million loans.

Posted by S. Germain at 08:38 AM | Comments (0)

Wells Fargo joins First American as sponsors of MSN Latino Finance Center

The First American Corporation (NYSE: FAF) and Wells Fargo & Company (NYSE: WFC), today announced that Wells Fargo will join First American in sponsoring MSN Latino Finanzas, the personal finance channel on the MSN Latino Web site offering Spanish-language financial education and planning resources for Latinos in the United States. Wells Fargo’s sponsorship will include linking its established Hands on Banking/El futuro en tus manos® financial literacy content to the growing collection of tools and resources now available at the MSN Latino Finanzas (www.msnlatino.com/finanzas).

Posted by S. Germain at 08:37 AM | Comments (0)

July 28, 2006

First American and the National Association of Real Estate Brokers Form Strategic Partnership

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, and the National Association of Real Estate Brokers (NAREB®), the oldest and largest minority real estate trade association in the United States, today announced that First American has been named as a NAREB Strategic Business Information & Title Services Partner, an alliance that will extend innovative business resources to NAREB's national network of Realtist members and help increase homeownership opportunities in traditionally under-served African-American communities.

Read the entire story here.

Posted by S. Germain at 08:58 AM | Comments (0)

The First American Corporation Reports Results for the Second Quarter 2006

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced results for the second quarter ended June 30, 2006:

Read the entire story here.

Posted by S. Germain at 08:57 AM | Comments (0)

July 21, 2006

The First American Corporation to Hold Second-Quarter Conference Call on July 26

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that it will host a conference call on July 26, 2006, at 11 a.m. EDT. The call will follow the announcement of the company's second-quarter operating results, which is scheduled for release on July 26, 2006, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is "First American."

Posted by S. Germain at 08:12 AM | Comments (0)

FIRST AMERICAN REAL ESTATE TAX SERVICE EARNS ISO 9001 CERTIFICATION

First American Real Estate Tax Service, the nation’s largest tax reporting company and a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has achieved ISO 9001:2000 certification. The certification was awarded following an extensive audit of the company’s quality system by BSI, Inc., a quality management systems registrar.

The audit confirmed First American Real Estate Tax Service’s compliance with all applicable international standards for quality systems.

Currently servicing 27 million residential loans, First American Real Estate Tax Service is the second company within First American’s Mortgage Information and Services Group to achieve an ISO certification for operational excellence. First American Fulfillment Solutions was ISO 9001:2000 certified in February 2005.

Posted by S. Germain at 08:11 AM | Comments (0)

July 14, 2006

LoanPerformance Enhances Securities Software

LoanPerformance, a San Francisco-based provider of residential mortgage data and analytics, has announced the release of TrueStandings Securities 2.0, a Web-based mortgage reporting and analysis application. Version 2.0 features a Java-based user interface, Internet access, and full navigation using hyperlinks, and offers clients full access to "the mortgage industry's leading nonagency mortgage-backed and asset-backed securities databases," the company said. The new version provides faster refresh rates for its Web pages, an enhanced design for a "more intuitive user experience," and improved process and workflow for building and managing customized reports, LoanPerformance said. The company, a subsidiary of First American Real Estate Solutions, can be found online at http://www.loanperformance.com.

Posted by S. Germain at 08:53 AM | Comments (0)

July 07, 2006

The First American Corporation to Hold Second Quarter Conference Call

The First American Corporation (NYSE:FAF - News), the nation's largest data provider, announced today that it will host a conference call on July 26, 2006, at 11 a.m. EDT. The call will follow the announcement of the company's second-quarter operating results, which is scheduled for release on July 26, 2006, at 8:32 a.m. EDT.

Investors, members of the financial community and the media, can access the call by dialing 888-955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through August 4, 2006, by dialing 203-369-0365. An audio archive of the call will also be available for replay on First American's Web site.

Posted by S. Germain at 07:59 AM | Comments (0)

July 03, 2006

First American Announces $300 Million Increase in Stock Repurchase Program

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that its board of directors has amended its current repurchase plan to provide for the repurchase of an additional $300 million of the company's currently issued and outstanding common shares. First American has been in the process of repurchasing $200 million of its shares under a buy-back plan approved in May 2004 and revised in May 2005. To date, the company has repurchased approximately $122 million in First American stock under that plan. The balance of $78 million will be combined with the new repurchase authorization, permitting the company to purchase up to $378 million in First American shares.

Posted by S. Germain at 10:41 AM | Comments (0)

The First American Corporation Announces Promotions and Strategic Hires at First Title, plc

The First American Corporation (NYSE: FAF - News), the largest provider of business information in the United States and the leading provider of title insurance services internationally, today announced several promotions and strategic hires at its wholly owned European title insurance subsidiary, First Title, plc, the United Kingdom's largest provider of title insurance and conveyancing services to investors, lenders, lawyers and estate agents.

Phillip Oldcorn, previously European Underwriting director, has been named chief executive officer of First Title Insurance, plc, the principal subsidiary and insurance division of First Title. David Turschwell, previously UK Underwriting director, has been promoted to European Underwriting director for First Title Insurance. David Hawkins, formerly a director of leading global insurance broker Willis UK, joins First Title as managing director. Martin Loos, previously of global financial services company ING, has been named First Title's European Sales director, and Michael Wright, formerly of Alliance & Leicester bank, has been hired as UK Sales director.

Posted by S. Germain at 10:41 AM | Comments (0)

June 23, 2006

The First American Corporation Expands Title Operations In Poland

The First American Corporation (NYSE: FAF - News), the largest provider of business information in United States and the leading provider of title insurance services internationally, today announced the launch of operations in Poland. First Title Poland, a limited liability company, will offer title insurance solutions for lenders, investors and developers.

Read the entire story here.

Posted by S. Germain at 09:53 AM | Comments (0)

June 16, 2006

Michael A. Goyne Named Senior Vice President of Specialized Sales for First American's Client Relations Division

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today that Michael A. Goyne has joined the company’s Client Relations division as senior vice president of specialized sales.

In his new position, Goyne will work closely with members of First American’s Client Relations sales team to identify and engage new lines of business, while expanding relationships with existing clients.

“Michael’s experience and drive will help to ensure that First American is able to maximize our current and future opportunities in product development, new business and in assisting the lender community,” said Larry Hudnall, executive vice president and national sales director.

Goyne, who has more than 18 years of experience in business-to-business sales management, joined First American in 1997 with the acquisition of Evans Title Co., where he held the position of sales manager. During his tenure with First American he has served in increasing roles of responsibilities, including his most recent position as senior vice president with First American’s Centralized Services division.

Posted by S. Germain at 08:09 AM | Comments (0)

RE3W Launches a New Set of Real Estate Transaction and Collaboration Tools

RE3W announced today a major update to its commercial real estate software application that further streamlines a multi-step transaction process and enhances collaboration and communication of real estate professionals. By customizing Microsoft's Virtual Earth platform with such proprietary features as property boundary overlays linked to owner, tax and transaction information, building measurement, area calculation, and custom annotation tools, RE3W has developed an integrated, robust real estate transaction management and collaboration application.

Read the entire story here.

Posted by S. Germain at 08:08 AM | Comments (0)

Dan Berman Named Chief Operating Officer of LoanPerformance

LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that Dan Berman has been named chief operating officer.

Berman joined LoanPerformance in 2005 after serving as vice president, mortgage information technology, national accounts, for the western region at First American RES, where he cultivated relationships with key clients and translated customer feedback into product enhancements and new product development.

Posted by S. Germain at 08:06 AM | Comments (0)

Latest Issue of LoanPerformance MarketPulse(TM) Features New Loss Severity Whitepaper from Countrywide Securities

LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

Read the entire story here.

Posted by S. Germain at 08:04 AM | Comments (0)

June 09, 2006

First American Acquires Sonic Eagle, Inc.

First American Residential Group, a member of The First American Corporation (NYSE: FAF - News) family of companies, today announced that it has acquired privately held Sonic Eagle, Inc., a California-based provider of enterprise broker and real estate agent productivity technology. Terms of the transaction, which closed May 23, 2006, were not disclosed.

Read the entire story here.

Posted by S. Germain at 12:59 PM | Comments (0)

June 02, 2006

James W. Young Named National Account Director of The First American Corporation's Client Relations Division

The First American Corporation (NYSE: FAF), America’s largest provider of business information, announced today that James W. Young has been named national account director within the company’s Client Relations division.

In his new position, Young will be integral to First American’s national sales strategies and the further expansion of its product development and delivery to the mortgage lending community.

Read the entire story here.

Posted by S. Germain at 09:10 AM | Comments (0)

May 26, 2006

First American to Host 'The Changing Face of Homeownership: A Real Estate Multicultural Marketing Conference'

First American Title Insurance Company today announced that it will host The Changing Face of Homeownership: A Real Estate Multicultural Marketing Conference, an event intended to help educate real estate industry professionals on how to better serve the growing homeownership needs of San Francisco Bay Area African American, Asian American and Latino communities. Among the distinguished speakers for the one-day event are Leon Panetta, founder of The Panetta Institute for Public Policy and a former White House chief of staff during the Clinton administration; and California Real Estate Commissioner Jeffrey M. Davi. As keynote speaker, Panetta will discuss "Cultural Diversity and the American Dream."

Read the entire story here.

Posted by S. Germain at 08:17 AM | Comments (0)

New York AG Spitzer settles title insurer suits

New York Attorney General Eliot Spitzer on Tuesday announced settlements with title insurance companies Fidelity National Title Group Inc. and First American Corp. resolving a two-year probe into illegal payments to agents and favored customers.

Fidelity and First American, under the agreements, will ask New York regulators for title-insurance rate reductions of 15 percent for all New York properties up to $1 million.

The two companies paid fines of $2 million each and agreed to end the illegal practice of paying secret rebates to favored customers, such as big real estate developers and national chain stores, Spitzer's office said.

Posted by S. Germain at 08:14 AM | Comments (0)

May 19, 2006

First American and Lucero Research Corp. Announce Strategic Alliance

First American Residential Group, a member of The First American Corporation (NYSE: FAF) family of companies, today announced a new alliance with Lucero Research Corporation, a leading provider of real estate office management software systems. This marketing agreement between two best-in-class service providers establishes First American as the first national software partner to integrate with Lucero’s Summit software. The integration will support the seamless exchange of transaction data between Summit and First American’s Transaction Manager, enhancing the value proposition of both technologies. The companies will begin the integration during the second quarter of 2006.

Posted by S. Germain at 08:12 AM | Comments (0)

First American Real Estate Solutions Study Offers Insight Into Real Estate Market Cycles

First American Real Estate Solutions® (RES®); the nation's largest provider of advanced property and ownership information, analytics and services; today released a new study entitled "The Real Estate Cycle in 2006: Evaluating Market Position, Identifying Turning Points and Constructing Scenarios," which investigates where the residential real estate market stands today and where it is likely heading based on historical economic information.

The study by Christopher Cagan, Ph.D. and director of research and analytics at First American RES, examines more than 100 metropolitan areas between 1988 through 2005 by analyzing the median sales-price index for existing single-family homes as published by the National Association of Realtors®. Cagan applied proprietary mathematical techniques in classifying those markets and investigating their present status and likely future behavior. He suggests that markets where prices have not risen rapidly may be the best part of the country in which to purchase or invest during 2006.

Posted by S. Germain at 08:08 AM | Comments (0)

Byte Software and ComplianceEase® Announce Strategic Partnership

Byte Software, a leading provider of loan origination software (LOS) and ComplianceEase®, an industry-leading provider of automated compliance and risk management solutions, announced a strategic alliance. This partnership will enable Byte Software customers to determine if their loans comply with federal, state and municipal level regulations, including anti-predatory/high-cost lending statutes and consumer lending regulation based on state lending licenses. The partnership will also give Byte Software customers peace of mind about their loans before they are closed.

Posted by S. Germain at 08:08 AM | Comments (0)

The First American Corporation Declares Quarterly Cash Dividend

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that its board of directors has declared a regular quarterly cash dividend of 18 cents per common share.

The cash dividend is payable on July 14, 2006, to shareholders of record as of June 30, 2006. First American has paid a cash dividend for each of the last 97 years.

Posted by S. Germain at 08:08 AM | Comments (0)

Alternative Credit Scores Could Open Door for Loans

A push by the financial industry to create a new credit-scoring system that takes rent, utility, child care and medical payments, among other factors, into consideration would help more Hispanics and other underserved populations to achieve homeownership. Latinos typically lack traditional credit histories, which are necessary to obtain conventional financing from most lenders. Alternative credit-scoring models have been made available through First American Credco and Annapolis, Md.-based PRBC, the latter of which allows consumers to report rent and other payments themselves. However, only a few lenders accept alternative credit score; and those who produce the ratings are finding it difficult to get landlords, utilities and other businesses to provide the necessary data.

Posted by S. Germain at 07:38 AM | Comments (0)

May 12, 2006

First American Financials

Read the entire story here.

Posted by S. Germain at 08:59 AM | Comments (0)

The First American Corporation Expands Title Operations in Turkey

The First American Corporation (NYSE: FAF - News), the largest provider of business information in the United States and the leading provider of title insurance services internationally, today announced the formation of First Title Istanbul Inc. in the Republic of Turkey. First Title Istanbul has been established to provide title insurance for foreign investors and title guarantee programs for Turkish banks and consumers.

Posted by S. Germain at 08:58 AM | Comments (0)

May 05, 2006

First American Corp. ranks No. 284 on the 2006 Fortune® 500®

The First American Corporation ranks no. 284 on this year's list of the Fortune® 500®, with $8,061.8 million in revenues, up 19.9% from the previous year. The Santa Ana, Calif.-based company was ranked no. 309 on the 2005 list.

Posted by S. Germain at 09:29 AM | Comments (0)

April 28, 2006

The First American Corporation Reports Results for the First Quarter 2006

The First American Corporation (NYSE: FAF), America's largest provider of business information, today announced results for the first quarter ended March 31, 2006:

Read the entire story here.

Posted by S. Germain at 09:59 AM | Comments (0)

April 21, 2006

LoanPerformance Leverages Netezza Data Warehouse Appliance to Power Its TrueStandings™ Servicing Product Line (RES)

Netezza, the global data warehouse appliance leader, today announced that LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics, has chosen the Netezza Performance Server data warehouse appliance to run its TrueStandings Servicing product line. LoanPerformance's data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. The company has deployed the NPS system to dramatically improve performance and overall service level agreements while providing greater user access to data.

Read the entire story here.

Posted by S. Germain at 08:48 AM | Comments (0)

The First American Corporation to Hold First-Quarter Conference Call on April 26

The First American Corporation, the nation's largest provider of business information, today announced that it will host a conference call on April 26, 2006, at 11 a.m. EDT. The call will follow the announcement of the company's first-quarter operating results, which is scheduled for release on April 26, 2006, at 8:32 a.m. EDT.

The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community and the media, can be accessed online at www.firstam.com/investor or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is "First American."

An audio replay of the conference call will be available through May 3, 2006, by dialing (203) 369-3256. An audio archive of the call and a copy of the 2006 first-quarter earnings release, including the financial information contained therein, will also be available on First American's Web site.

Posted by S. Germain at 08:45 AM | Comments (0)

April 14, 2006

First American Completes Acquisition of TransContinental Title Company

First American Title Insurance Company today announced the completion of its acquisition of privately held TransContinental Title Company, a leading provider of title and settlement services to national mortgage lenders. The acquisition, originally announced in December 2005, closed on April 1, 2006. Terms of the transaction were not disclosed.

Posted by S. Germain at 08:24 AM | Comments (0)

April 07, 2006

The First American Corporation to Hold First Quarter Conference Call

The First American Corporation announced today that it will host a conference call on April 26, 2006, at 11 a.m. EDT. The call will follow the announcement of the company's first-quarter operating results, which is scheduled for release on April 26, 2006, at 8:32 a.m. EDT.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast at www.firstam.com/investor.

An audio replay of the conference call will be available through May 3, 2006, by dialing (203) 369-3256. An audio archive of the call will also be available for replay on First American's Web site.

Posted by S. Germain at 10:41 AM | Comments (0)

March 31, 2006

First American Loan Processing Division and Dorado Deliver the Power of the Network to Customers

Dorado Corporation, delivering the power of the network to home lending, today announced that First American Fulfillment Solutions has partnered with Dorado to deliver a true end-to-end loan origination solution. Using the Dorado ChannelMaster®/POS and PriceMaster offerings, First American Fulfillment customers will now have the ability to leverage point-of-sale and pricing functionality when utilizing First American Fulfillment Solutions.

Read the entire story here.

Posted by S. Germain at 09:17 AM | Comments (0)

March 24, 2006

First American Acquired Harvard Design and Mapping Company, Inc.

First American Real Estate Information Services, Inc., a subsidiary of The First American Corporation, announced today that it has acquired Harvard Design and Mapping Company, Inc. (HDM), a leading provider of Geographic Information Systems (GIS) technology to businesses and governments worldwide. Terms of the acquisition, which closed March 1, 2006, were not disclosed.

Read the entire story here.

Posted by S. Germain at 09:05 AM | Comments (0)

March 17, 2006

First American Financials

Read the entire story here.

Posted by S. Germain at 09:50 AM | Comments (0)

March 09, 2006

First American Announces Rebranding of Default Division to First American Default Information Services

First American Real Estate Information Services, Inc., a subsidiary of The First American Corporation, announced today that its Default Services Division will adopt a new name, First American Default Information Services, to encompass its group of companies.

“First American recognizes how beneficial counter-cyclically driven default revenue is to the future growth of the corporation,” said Chris Leavell, chief operating officer of First American Real Estate Information Services. “In 2005, extensive reorganizations took place within our default group of businesses. During the course of those changes, and with the help of key customers, we identified product and service synergies that further enhanced our overall offerings. As a culmination of that process, we also have adopted a new name, First American Default Information Services, as a better descriptor of the breadth and depth of our overall offerings.”

First American’s default companies fall into four broad categories: outsourcing, technology, title and property services. The default division includes field inspections, loss mitigation services, national default outsourcing foreclosure title services, loss mitigation title services, default valuations (BPOs), REO outsource services, settlement services, foreclosure trustee operations, national claims outsourcing and default technologies, such as foreclosure claims processing (CMAX), Data Access Information Systems (DAISY), Web-based workstations, national default systems, invoice management systems, iClear and referral systems (i.e., VendorScape/CMS).

Posted by K. Perry at 03:07 PM | Comments (0)

March 03, 2006

First American Property Information and Services Group Announces Expanded Roles of Key Executives

The First American Corporation, America’s largest provider of business information, today announced that Michael T. Henney, president of First American subsidiary Data Trace, has taken on the additional role of president of First American subsidiary DataTree, LLC. The company also announced that Robert Karraa, chief operating officer of DataTree LLC, has assumed the additional duty of chief operating officer at Data Trace. Data Trace, the nation’s largest provider of title plant services; and DataTree, the leading provider of recorded property documents nationwide, are both operating units within First American’s Property Information and Services Group.

Posted by S. Germain at 07:57 AM | Comments (0)

February 24, 2006

The First American Corporation Declares Quarterly Cash Dividend

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that its board of directors has declared a regular quarterly cash dividend of 18 cents per common share.

Posted by S. Germain at 09:20 AM | Comments (0)

Frank V. McMahon to Join The First American Corporation as Vice Chairman and Chief Financial Officer

The First American Corporation (NYSE: FAF - News), America's largest provider of business information, today announced that Frank V. McMahon has been named vice chairman and chief financial officer.

Read the entire story here.

Posted by S. Germain at 09:18 AM | Comments (0)

February 17, 2006

eAppraiseIT Buys Network Appraisal Services

Valuation technology company eAppraiseIT LLC, Poway, Calif., has announced the acquisition of Network Appraisal Services, Kalamazoo, Mich. The terms of the transaction were not disclosed. NAS manages appraiser networks for national and regional lenders and develops online systems that help them comply with regulations by the Office of the Comptroller of the Currency to prevent directed appraisals. NAS executives will remain with the company, which will retain its name and operate as an independent subsidiary of eAppraiseIT, the company said. "NAS expands the range of services that we are able to deliver to the lending community," said Anthony Merlo, president of eAppraiseIT. "It allows us to better serve retail-focused lenders who maintain their own network of appraisers, and it will also help our other clients implement safeguards that help remove bias from the appraiser selection process."

Posted by S. Germain at 07:53 AM | Comments (0)

The First American Corporation Reports Results for the Fourth Quarter and Full Year 2005

The First American Corporation, America's largest provider of business information, today announced results for the fourth quarter and year ended Dec. 31, 2005:

Read the entire story here.

Posted by S. Germain at 07:52 AM | Comments (0)

February 10, 2006

Source One Services Announces Name Change To First American Residential Value View

Source One Services, one of the country’s largest providers of broker price opinions (BPOs) and other real estate valuation products and a member of The First American Corporation family of companies, announced today that it will adopt a new corporate name—First American Residential Value View—to better reflect the range of services it provides to its customers. Phil Johnsen has been named chief operations officer and will oversee all sales and operations for the newly renamed company.

Read the entire story here.

Posted by S. Germain at 12:55 PM | Comments (0)

First American Real Estate Information Services Names Chris McCormick as COO of REO Servicing

First American Real Estate Information Services, Inc., a subsidiary of The First American Corporation, today announced that Chris McCormick has been named Chief Operating Officer of First American REO Servicing.

Read the entire story here.

Posted by S. Germain at 12:53 PM | Comments (0)

The First American Corporation To Hold 4th Quarter Conference Call on February 16

The First American Corporation, the nation’s largest data provider, today announced that it will host a conference call on Feb. 16, 2006, at 11 a.m. EST. The call will follow the announcement of the company’s fourth-quarter operating results, which is scheduled for release on Feb. 16, 2006, at 8:32 a.m. EST.

The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community and the media, can be accessed onlineaccessed online or by dialing toll free (888) 955-3516. Callers from outside the United States may dial (210) 234-5896. The pass code for the event is “First American.”

An audio replay of the conference call will be available through Feb. 23, 2006, by dialing
(203) 369-3615. An audio archive of the call and a copy of the 2005 fourth-quarter earnings release, including the financial information contained therein, will also be available on First American’s Web site.

Posted by S. Germain at 12:52 PM | Comments (0)

February 03, 2006

First American Partners With Bohan Group to Bring Faster, More Advanced Due Diligence Services to Mortgage Investors

First American Real Estate Solutions (RES®), the nation's largest provider of advanced property and ownership information, analytics and services, today announced that it has formed a strategic partnership with Bohan Group, a premier provider of risk analysis and transaction support services to the capital markets. As part of this strategic partnership, and to demonstrate its commitment to the success of the alliance, First American has purchased a minority interest in Bohan Group. Details of the investment were not disclosed.

Read the entire story here.

Posted by S. Germain at 08:34 AM | Comments (0)

Rates Climb

The average 30-year fixed mortgage rate rose from 6.12% to 6.23% over the seven-day period ended Feb. 2, according to Freddie Mac's Primary Mortgage Market Survey.

The average 15-year fixed mortgage rate rose from 5.70% to 5.81%, the average rate for five-year Treasury-indexed hybrid adjustable-rate mortgages increased from 5.75% to 5.87%, and the average rate for one-year Treasury-indexed ARMs climbed from 5.20% to 5.33%. Fees and points averaged 0.5 of a point for fixed-rate mortgages and hybrid ARMs and 0.7 of a point for one-year ARMs. "Declines in worker productivity coupled with accelerating labor costs increase the threat of inflation down the road," said Frank Nothaft, Freddie Mac's chief economist. "Inflationary pressure generated by these factors pushes long-term mortgage rates upward, which is why we have seen rates rise these last two weeks." A year ago, the average 30-year and 15-year fixed rates were 5.63% and 5.14%, respectively, and the average one-year ARM rate was 4.23%, Freddie Mac said.

Posted by S. Germain at 08:11 AM | Comments (0)

January 27, 2006

Sybase IQ Analytics Server Increases Reporting Capabilities for LoanPerformance (First American RES)

Sybase, Inc. today announced that by using Sybase® IQ, an analytics server which provides among the industry's fastest query performance and storage-retrieval functions for reporting on structured or unstructured data, at the core of its new high speed version of TrueStandings Securities, LoanPerformance, a subsidiary of First American Real Estate Solutions and a leader in residential mortgage data and analytics, can run analyses and reports up to one hundred times faster than previous generations.

Posted by S. Germain at 08:11 AM | Comments (0)

January 20, 2006

First American Acquires Maryland Management Systems, Inc.

First American MLS Solutions, Inc., a division of First American Residential Group, Inc., and the nation’s leading multiple listing service (MLS) software provider, today announced that it has acquired Maryland Management Systems, Inc. (MMSI), a premier provider of management software to Realtor® associations in North America. Terms of the transaction, which closed Jan. 3, 2006, were not disclosed.

First American will integrate MMSI’s The Director association management software with its MLXchange™ and TEMPO™ MLS products that currently serve nearly half of all real estate professionals throughout the United States and Canada, and will offer The Director to non-client real estate associations in addition to those currently using MLXchange and TEMPO. The Director streamlines the operations of real estate associations with comprehensive management tools that include automated billing, accounts receivable, full accounting functionality, and detailed information on committee meetings and class schedules. MMSI has approximately 100 installed sites throughout North America.

Posted by S. Germain at 09:19 AM | Comments (0)

January 13, 2006

LoanPerformance Announces 2006 Symposium Series (RES)

LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics, today announced the dates and locations for its 5th annual complimentary symposium series on new innovations in best-practice mortgage risk management strategies and solutions.

Read the entire story here.

Posted by S. Germain at 08:47 AM | Comments (0)

January 06, 2006

Thomas A. Klemens, Chief Financial Officer of The First American Corporation, Has Passed Away

It is with a profound sense of loss and regret that The First American Corporation (NYSE: FAF) reports that Thomas A. Klemens, 55, passed away Jan. 3, 2006. Klemens served as senior executive vice president and chief financial officer of The First American Corporation.

“I am very sad to report that Tom Klemens, our wonderful friend and chief financial officer, passed away this morning,” said Parker S. Kennedy, chairman and chief executive officer of The First American Corporation. “He fought a long and hard battle against multiple myeloma, a form of blood cancer, for two years. He simply didn’t respond to the treatments, but was positive and unselfish to the end, just as those who knew him would expect. He had hundreds of friends at First American and we all will miss him very much.”

Klemens joined First American in 1985 as vice president and controller. He was appointed principal accounting officer of The First American Corporation and First American Title Insurance Company in 1992, and vice president and chief financial officer in 1993. Klemens was named executive vice president of The First American Corporation in 1996 and senior executive vice president in 2002.

“Thanks in large part to Tom’s efforts, First American grew to become a global, FORTUNE 500® company,” said Kennedy. “During his 20-year tenure, the company’s revenues grew from $268 million to nearly $7 billion in 2004. There was no better CFO at any company.”

Prior to his work with First American, Klemens was senior vice president and chief financial officer of R.P. Warmington Company, a major building and development company; vice president and chief financial officer of Century 21 Real Estate Corporation; and manager of financial reporting for Amcord, Inc., a national provider of consumer products.

Klemens served several years in public accounting with Price Waterhouse after graduating with a bachelor’s degree in Accounting/Business from California Polytechnic University, San Luis Obispo, in 1972. He was a member of the California Society and American Institute of Certified Public Accountants, as well as the National Association of Accountants.

In 2003, Klemens was named the first-ever CFO of the Year by the Orange County, Calif., chapter of the National Investor Relations Institute (NIRI) and the University of California, Irvine, Extension. Klemens was recognized for his ability to effectively guide First American’s strategic direction and, through direct communication and financial acumen, positively position the company on Wall Street.

Klemens is survived by his wife, Pat, and two children, Jeff and Kelly.

Posted by S. Germain at 08:53 AM | Comments (0)

J. Gregory Harrington named President of First American International Services Group

The First American Corporation, the nation’s largest data provider, today announced that J. Gregory Harrington has been named president of First American International Services Group.

First American International Services Group is a new division comprised of offshore corporate resources dedicated to providing a wide selection of high-quality, cost-effective offshore services to the mortgage industry.

Harrington joined The First American Corporation in August 2004 as senior vice president of strategic product development. He brings more than 20 years of management experience in all facets of mortgage banking to his new position, including 13 years with JP Morgan/Chase where he most recently served as senior vice president of mortgage operations. He was also actively involved in the company’s offshore ventures for the past five years.

Under Harrington’s leadership, First American International Services Group will continue to grow its international presence through the addition of resources and locations and will foster First American’s ability to meet the growing desire among mortgage industry customers for offshore services.

Posted by S. Germain at 08:53 AM | Comments (0)

December 16, 2005

First American Title Insurance Company to Acquire Transcontinental Title Company

First American Title Insurance Company today announced that it has signed a definitive agreement to acquire privately held TransContinental Title Company, a leading provider of title and settlement services to national mortgage lenders. The acquisition, which is subject to regulatory approvals, is expected to close in late February.

Established in 1987, TransContinental Title is a licensed title insurer in 38 states and has the ability to handle transactions nationwide through its affiliation with First American. Led by its chief executive officer and sole shareholder William Baumgart, TransContinental has become a prominent multistate title agency serving many of the nation’s largest mortgage lenders, with current volumes averaging in excess of 8,000 mortgage transactions per month.

Read the entire story here.

Posted by S. Germain at 09:53 AM | Comments (0)

December 09, 2005

First American Launches New MLS Solutions Division

The First American Corporation, the nation's largest data provider, today announced the launch of First American MLS Solutions, a new division of First American Residential Group. The division will combine the organizations and services of First American subsidiaries MarketLinx® Solutions and Interealty to provide customizable Web-based solutions for multiple listing services (MLSs) and real estate associations through a single entity.

Read the entire story here.

Posted by S. Germain at 07:46 AM | Comments (0)

The First American Corporation Decalres Quarterly Cash Dividend

The First American Corporation, the nation's largest data provider, today announced that its board of directors has declared a regular quarterly cash dividend of 18 cents per common share.

The cash dividend is payable on Jan. 13, 2006, to shareholders of record as of Dec. 30, 2005. First American has paid a cash dividend for each of the last 96 years.

Posted by S. Germain at 07:45 AM | Comments (0)

November 25, 2005

Latest Issue of LoanPerformance MarketPulse™ Features Freddie Mac Home Price Growth Study

LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics, today announced that the latest issue of its MarketPulse report is available for download at www.loanperformance.com.

This latest report features a study by Freddie Mac economists entitled "Reversion to the Mean Versus Sticking to Fundamentals: Looking to the Next Five Years of Housing Price Growth."

The study, co-authored by Frank E. Nothaft, Freddie Mac's chief economist; and Amy Crews Cutts, the agency's deputy chief economist, examines the question of whether there is a house price bubble nationally or in some regions of the United States. Included is a forecast of the likely change in prices under three models: one that asserts a mean reversion correction on regional markets to return the national average gain in prices to the 50-year annual growth rate of 5 percent over the period 1998-2010; the second and third base future regional and national home price growth on economic fundamentals.

"In all cases," the authors say, "we find the predicted worst-case outcomes to be much less dire than the 'doomsday' predictions reported in the mainstream press and elsewhere."

Posted by S. Germain at 07:52 AM | Comments (0)

November 11, 2005

California Home Affordability Near Record Low in September

Soaring home prices in California shut out 85 percent of households in the state from its housing market in September and that number may increase as interest rates rise, according to a report issued on Thursday.

Read the entire story here.

Posted by S. Germain at 08:08 AM | Comments (0)

November 04, 2005

First American's FAST Transaction System Puts Microsoft SQL Server 2005 to the Test

The First American Corporation announced today that its principal subsidiary, First American Title Insurance Company, has formed a strategic alliance with Microsoft Corp. for early testing of Microsoft SQL Server 2005 using First American's FAST Transaction System (FAST) database.

Posted by S. Germain at 07:57 AM | Comments (0)

The First American Corporation Announces Committee to Oversee Governmental and Regulatory Affairs

The First American Corporation, the nation's largest data provider, today announced that John P. Dwyer has been named vice president of The First American Corporation and director of the company's governmental and regulatory affairs. In this role, Dwyer will oversee the company's relations with its various state and federal regulatory oversight agencies and will represent First American in both industry and governmental forums on matters of importance to the company and its agency base, such as the current roundtable discussions with the Office of Housing and Urban Development on potential reform of the Real Estate Settlement Procedures Act (RESPA). Dwyer will also work with the company's operations to assure compliance with applicable laws and regulations. He will be assisted by the company's regulatory and legal staff, including Timothy V. Kemp, regulatory counsel of The First American Corporation; and John T. LaJoie, who has assumed the additional role of special regulatory counsel of The First American Corporation.

Posted by S. Germain at 07:56 AM | Comments (0)

October 28, 2005

New Study Investigates Residential Real Estate Foreclosures

First American Real Estate Solutions® (RES), the nation's largest provider of advanced property and ownership information, analytics and services, released a new study today that investigates the prevalence of foreclosure sales and the depth of discounts in 629 counties in 36 states, including the District of Columbia.

Read the entire story here.

Posted by S. Germain at 08:26 AM | Comments (0)

The First American Corporation Reports Record Results for the Third Quarter 2005

The First American Corporation (NYSE: FAF), the nation's largest data provider, today announced results for the third quarter ended Sept. 30, 2005:

Read the entire story here.

Posted by S. Germain at 08:25 AM | Comments (0)

October 21, 2005

Operation HOPE and The First American Corporation Announce Joint Development of National Home Counseling Center

Operation HOPE, Inc. (HOPE), a national non-profit organization dedicated to financial literacy and empowerment; and The First American Corporation, the nation's largest data provider, today announced First American's continuing support of HOPE's "Silver Rights Movement" of educating and empowering under-served minority and low-income communities with the opening of a new Operation HOPE/First American call center facility in Poway, Calif. The call center, which will be located within First American's Poway campus and staffed by HOPE employees, will serve as a virtual financial education and services center for individuals seeking credit counseling, homeownership counseling and loan products. The center will also forward HOPE's existing Banking on Our Future and HOPE Coalition America (HCA) programs, which provide financial literacy education in area public schools and emergency financial counsel to impacted families following natural disasters.

Read the entire story here.

Posted by S. Germain at 08:37 AM | Comments (0)

First American Expands Technology Offerings to Help Lenders and Settlement Agents Streamline Closing Process

The First American Corporation, the nation's largest data provider, today announced the expansion of its technology offerings to help lenders and settlement agents further streamline the closing process with the launch of Closing Collaboration Tools (CCT). CCT helps lenders and settlement agents jointly deliver the efficient, high-quality experience today's borrowers expect from their real estate transactions. CCT is an integrated set of capabilities that enable data and documents to be shared electronically between lenders and settlement agents throughout the closing process, reducing the cost and time now associated with pre- and post-closing activities and increasing accuracy.

Read the entire story here.

Posted by S. Germain at 08:37 AM | Comments (0)

The First American Corporation to Hold Third-Quarter Conference Call on October 26

The First American Corporation, the nation's largest data provider, today announced that it will host a conference call on Oct. 26, 2005, at 11 a.m. EDT. The call will follow the announcement of the company's third-quarter operating results, which is scheduled for release on Oct. 26, 2005, at 8:32 a.m. EDT.

Read the entire story here.

Posted by S. Germain at 08:36 AM | Comments (0)

October 17, 2005

Prado Mortage Implements Dorado/First American Technology to Increase Mortgage Approvals Among Hispanic Homebuyers

Dorado Corporation and The First American Corporation today announced that Prado Mortgage, a leading lender to the Hispanic community, has deployed a Dorado/First American integrated point-of-sale mortgage origination solution. In this offering, Dorado will combine its industry leading origination technology with First American's capabilities as the nation's leading real estate information provider to meet the unique needs of Hispanic homebuyers.

Read the entire story here.

Posted by S. Germain at 07:17 AM | Comments (0)

First American and NAHREP Announce Launch of National Referral Network on MSN® Latino

The First American Corporation, the nation's largest data provider, and the National Association of Hispanic Real Estate Professionals (NAHREP) today announced the launch of the NAHREP National Referral Network (NRN) on MSN Latino Finanzas, a premier Spanish-language Internet destination offering an unparalleled collection of financial education and planning resources for the U.S. Hispanic market.

Read the entire story here.

Posted by S. Germain at 07:16 AM | Comments (0)

First American Real Estate Solutions' Rob Walker Earns Certified Mortgage Technologist Designation

First American Real Estate Solutions® (RES®), the nation’s largest provider of advanced property and ownership information, analytics and services, today announced that Rob Walker, executive vice president of collateral solutions, has earned the prestigious Certified Mortgage Technologist designation from the Mortgage Bankers Association. Last year, Walker received the MBA’s Certified Mortgage Banker title, which makes him one of only five people in the nation to hold both designations.

http://firstam.com/faf/news/newsdisplay.cfm?id=1315

Posted by S. Germain at 07:14 AM | Comments (0)

Multi-Regional Multiple Listing Services, Inc. Adopts First American's Transaction Manager

First American Residential Group, Inc., a member of The First American Corporation Family of Companies, announced today that it has entered into an agreement to provide Transaction Manager, its online real estate transaction management platform, to the Multi-Regional Multiple Listing Service, Inc. (MRMLS). The agreement provides for the deployment of First American's dynamic transaction management system to the more than 26,000 members of MRMLS located in the Southern California counties of San Bernardino, Riverside and Los Angeles.

Read the entire story here.

Posted by S. Germain at 07:13 AM | Comments (0)

October 07, 2005

Stewart Insurance Solutions & Stewart of California Insurance and Financial Services Partner with American Home Shield for Home Warranty

Stewart Insurance Solutions, along with Stewart of California Insurance and Financial Services (SIFS, LLC), announced today that they will begin selling home warranty protection under the name Stewart Home Warranty, which will be serviced and supported by American Home Shield (AHS), the number one home warranty company in the country. Together, SIFS and American Home Shield will offer home warranty protection to millions of homeowners at competitive rates.

Posted by S. Germain at 10:19 AM | Comments (0)

The First American Corporation Chooses MicroStrategy as an Enterprise Standard for Business Intelligence

MicroStrategy® Incorporated, a leading worldwide provider of business intelligence software, today announced that The First American Corporation, the nation's largest data provider, has selected MicroStrategy as a business intelligence solution. A Fortune® 500 company, First American is expanding its deployment of MicroStrategy across the enterprise to support internal and external business intelligence applications.

Read the entire story here.

Posted by S. Germain at 07:44 AM | Comments (0)

George L. Argyros Appointed as a Member of the Board of Directors of the First American Corporation

The First American Corporation, the nation’s largest data provider, today announced that George L. Argyros has been re-appointed as a member of the board of directors of the corporation. Argyros, who had previously served 13 years on the board of directors for The First American Corporation, stepped down from his position in 2001 after being appointed to serve as the U.S. ambassador to Spain and Andorra by President George W. Bush.

Read the entire story here.

Posted by S. Germain at 07:43 AM | Comments (0)

First American Recognized by the Business Committee for the Arts as One of the Nation's Supporters of the Arts

The First American Corporation, the nation’s largest data provider, today with the Business Committee for the Arts (BCA) announced that The First American Corporation was recognized as one of the nation’s top supporters of the arts.

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Posted by S. Germain at 07:42 AM | Comments (0)

The First American Corporation Acquires Interealty

The First American Corporation, the nation’s largest data provider, today announced that it has acquired Interealty, a division of Geac® Enterprise Solutions, Inc. and a provider of Web-based multiple listing service (MLS) technology, for $35 million in cash. The transaction closed Oct. 1, 2005.

Read the entire story here.

Posted by S. Germain at 07:42 AM | Comments (0)

September 30, 2005

First American Real Estate Solutions Acquires Minority Interest in ComplianceEase

First American Real Estate Solutions (RES®), the nation's largest provider of advanced property and ownership information, analytics and services, today announced that it has formed a strategic alliance with, and purchased a minority interest in, ComplianceEase®, a premier provider of regulatory compliance and risk management solutions to the financial services industry.

Read the entirs story here.

Posted by S. Germain at 08:43 AM | Comments (0)

Evan Jafa Promoted to Chief Technology Officer of the First American Corporation

The First American Corporation, the nation’s largest data provider, today announced that Evan Jafa has been appointed to the newly created position of chief technology officer. In this new position, Jafa is responsible for overseeing First American’s Corporate Information Technology Group, which was recently formed to support the ongoing development of the company’s technical infrastructure and world class technology centers. He and his team will also evaluate and implement standards and new technologies to support the continued growth of all First American business units.

Read the entire story here.

Posted by S. Germain at 08:42 AM | Comments (0)

Patrick T. John Named Vice President, Business Development For First American Title's Northeast Region

First American Title Insurance Company today announced that Patrick T. John has been named vice president, business development for the Northeast region. As a 20-year industry veteran, John will use his expertise in the title industry to implement new business strategies for the title company’s Northeast region.

Read the entire story here.

Posted by S. Germain at 08:41 AM | Comments (0)

Lionel C. Savage Named Vice President of Market Development and Industry Relations For the First American Corporation

The First American Corporation, the nation’s largest data provider, today announced that Lionel C. Savage has been named vice president of market development and industry relations for The First American Corporation. Savage will continue in his current responsibilities of advancing First American’s corporate emerging markets strategy and managing several of the company’s strategic industry relationships in Washington, D.C.

Read the entire story here.

Posted by S. Germain at 08:40 AM | Comments (0)

First American Appoints George S. Livermore President of Property Information Group

The First American Corporation, the nation’s largest data provider, today announced that George S. Livermore has been promoted to president of the company’s Property Information Group. Assuming the role previously held by Dennis J. Gilmore, who was promoted to chief operating officer for the corporation in November 2004, Livermore will now oversee Data Trace, Data Tree and the Property Information Group staff. He also will maintain his duties as president of First American Real Estate Solutions, a position he has held since 1997.

Read the entire story here.

Posted by S. Germain at 08:40 AM | Comments (0)

September 23, 2005

Regina Campbell Named Vice President of Diversity Strategy for First American Real Estate Information Services, Inc.

First American Real Estate Information Services, Inc., a member of The First American Corporation family of companies, announced today that Regina Campbell has been named vice president of Diversity Strategy. Read the entire story here.

Posted by S. Germain at 08:46 AM | Comments (0)

First American Title Expands Hispanic Marketing Program in Phoenix

First American Title Insurance Company today announced the launch of an enhanced Hispanic marketing program in greater Phoenix designed to help increase homeownership opportunities among Maricopa County's Hispanic community. The program will help address the needs of Hispanic homebuyers by assisting real estate practitioners in better serving this growing homebuyer segment.

Read the entire story here.

Posted by S. Germain at 08:45 AM | Comments (0)

September 16, 2005

First American Real Estate Solutions Study Takes In-Depth Look at Real Estate Flipping

First American Real Estate Solutions (RES®), the nation’s largest provider of advanced property and ownership information, analytics and services, released a new study today that offers seldom revealed details on the practice of real estate “flipping,” or the re-selling of residential properties for profit within 24 months of purchase.

Read the entire story here.

Posted by S. Germain at 09:02 AM | Comments (0)

First Advantage Corporation Acquires the Credit Information Group of First American

First Advantage Corporation and The First American Corporation today jointly announced that First Advantage, a global risk mitigation and business solutions provider, has acquired the Credit Information Group (CIG) of The First American Corporation, the nation’s largest data provider and First Advantage’s largest shareholder, in an all-stock transaction.

Read the entire story here.

Posted by S. Germain at 09:02 AM | Comments (0)

September 09, 2005

Dexma, FirstAm Align to Automate POS

Minneapolis-based Dexma has formed a strategic partnership with First American Fulfillment Solutions, Jacksonville, Fla., to offer a point-of-sale application directly to First American Fulfillment Solutions customers. The product is geared toward small and midsize lenders currently using First American Fulfillment Solutions for outsourced processing. Specifically, Dexma has developed a transactional consumer/retail website for First American, which can be offered on a private-label basis to its customers. These sites enable consumers and loan officers to obtain loan approvals from either Fannie Mae's DO/DU or Freddie Mac's Loan Prospector. In addition, the consumer/retail platform is already integrated with the outsource processing platform and fully supported by First American. In 2004, First American acquired LOS Xsequor, now called First American Fulfillment Solutions, to expand its role as a fulfillment outsourcer. The new combination of First American and Dexma was designed to further First American's origination technology offering and broaden Dexma's customer base, according to First American.

Posted by S. Germain at 07:31 AM | Comments (0)

September 02, 2005

First American Strengthens Investor Relations Program with Promotions of Two Executives

The First American Corporation, the nation’s largest data provider, today announced the promotions of Denise M. Warren and Mark A. Hoppe as part of a move to increase the company’s visibility and strengthen communications with shareholders on both the East and West Coasts.

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Posted by S. Germain at 09:25 AM | Comments (0)

August 26, 2005

The First America Corporation Declares Quarterly Dividend

The First American Corporation (NYSE: FAF), the nation’s largest data provider, today announced that its board of directors has declared a regular quarterly cash dividend of 18 cents per common share.

To read the entire story click here.

Posted by S. Germain at 08:54 AM | Comments (0)

First American Acquires Certified Closing Network

The First American Corporation (NYSE: FAF), the nation’s largest data provider, today announced that it has acquired Certified Closing Network (CCN), a premier provider of customized and outsourced title clearance, equity calculation and settlement services for clients with residential relocation-related transactions. CCN will become a part of First American Residential Group, Inc., a specialty business line established by First American in 2002 to address the service, technology and outsourcing needs of companies serving the residential real estate and relocation markets. Terms of the transaction, which closed on Aug. 19, 2005, were not disclosed.

To read the entire story click here.

Posted by S. Germain at 08:54 AM | Comments (0)

August 11, 2005

First American Quarterly Income Statement

First American's income statement can be found here.

Posted by S. Germain at 08:27 AM | Comments (0)

July 29, 2005

First American and Lone Wolf Real Estate Technologies Announce Strategic Partnership

First American Residential Group, Inc., a member of The First American Corporation family of companies, today announced a strategic partnership with Lone Wolf Real Estate Technologies to deliver an industry-leading, integrated real estate transaction management solution for their joint customers. Through the integration of First American's transaction management platform and Lone Wolf's broker accounting and administrative system, customers will now have the ability to seamlessly transfer transaction data electronically from First American's Transaction Manager into the Lone Wolf Realty Management System.

Read the entire story here.

Posted by S. Germain at 07:47 AM | Comments (0)

July 28, 2005

First American Upgrades Default Technologies

First American Default Technologies has launched an updated version of its VendorScapeCMS default management technology. Version 3.0 of the case management software includes an enhanced screen layout that allows users to access more data at one time, a redesigned navigation system that helps users locate relevant data faster, and more work queues to locate and address the most urgent tasks, the company said. The original version of VendorScapeCMS was launched in 2003. First American Default Technologies, Anaheim, Calif., is a unit of the First American Corporation.

Posted by S. Germain at 09:20 AM | Comments (0)

The First American Corporation Reports Record Results for the Second Quarter 2005

The First American Corporation (NYSE: FAF), the nation's largest data provider, today announced results for the second quarter ended June 30, 2005. Details can be found here.

Posted by S. Germain at 09:19 AM | Comments (0)

July 22, 2005

The First American Corporation to Hold Second-Quarter Conference Call on July 27

The First American Corporation, the nation's largest data provider, today announced that it will host a conference call on July 27, 2005, at 11 a.m. EDT. The call will follow the announcement of the company's second-quarter operating results, which is scheduled for release on July 27, 2005, at 8:32 a.m. EDT.

Information about the call, which will also be broadcast over the Internet and is open to investors, members of the financial community and the media, is as follows: Toll-free inside the United States: (888) 955-3516, Pass code: First American. From outside the United States: (210) 234-5896.

An audio replay of the conference call will be available through August 3, 2005, by dialing (203) 369-1087. An audio archive of the call and a copy of the 2005 second-quarter earnings release, including the financial information contained therein, will also be available on First American's website.

Posted by K. Perry at 03:44 PM | Comments (0)

July 15, 2005

First American Nationwide Documents Partners with ComplianceEase to Deliver Automated Mortgage Compliance

First American Nationwide Documents, a member of The First American Corporation family of companies; and ComplianceEase®, a division of LogicEase Solutions Inc., announced today a strategic alliance to integrate ComplianceEase’s ComplianceAnalyzer™ with First American’s Document Management System. The integration creates a seamless interface between First American’s solution, which automates all document production, management functions and workflow tasks; and ComplianceAnalyzer, an Internet-based technology that automates regulatory compliance processes, especially in the areas of federal, state and local high-cost and anti-predatory lending regulations.

“Integrating ComplianceAnalyzer into the First American platform will strengthen the compliance value to the loan-cycle workflow, allowing customers simple, one-click access to comprehensive regulatory compliance reviews,” said Dan Solomon, director of client services for First American Nationwide Documents.

Unlike traditional “doc prep” systems, First American Nationwide Documents provides a centralized and paperless value chain portal with total collaborative knowledge and real-time participation in all loan activities. Combining this closing system with ComplianceAnalyzer will enable First American customers to automatically identify instances of noncompliance and explain them in narrative findings reports. In a matter of seconds, the online system renders real-time decisions and automatically calculates a color-coded RiskIndicator™, signaling the level of risk of noncompliance.

“In today’s ever-changing regulatory environment, lenders are faced with new compliance challenges on a daily basis,” said David Girling, executive vice president of ComplianceEase. “First American recognizes these challenges and has brought together their core competency of providing document solutions with our specialized risk management solutions in order to help clients eliminate costly errors, improve loan quality and, most importantly, prevent salability issues in the secondary market.”

Posted by K. Perry at 04:17 PM | Comments (0)

July 08, 2005

Solana Chosen For New First American Headquarters

First American Real Estate Information Services has selected the Solana development in Westlake for its new 615,000-square-foot headquarters.

Read the entire story here.

Posted by K. Perry at 11:19 AM | Comments (0)

The First American Corporation to Hold Second Quarter Conference Call

The First American Corporation, the nation's leading data provider, announced today that it will host a conference call on July 27, 2005, at 11 a.m. EDT. The call will follow the announcement of the company's second-quarter operating results, which is scheduled for release on July 27 2005, at 8:32 a.m. EDT.

Investors, members of the financial community and the media, can access the call by dialing (888) 955-3516, and giving the pass code First American. The call will also be webcast.

An audio replay of the conference call will be available through August 3, 2005, by dialing (203) 369-1087. An audio archive of the call will also be available for replay on First American's Web site.

Posted by K. Perry at 11:15 AM | Comments (0)

June 28, 2005

First American Title Insurance Company Promotes James J. Dufficy to Lead Lenders Advantage Division

First American Title Insurance Company today announced that James J. Dufficy has been appointed as director of the company's Lenders Advantage Division. Dufficy, who also serves as senior vice president and regulatory counsel for the corporation, replaces Patrick E. McLaughlin, who has been named president of the company's National Default Title Services group. 

Read the entire story here.

Posted by K. Perry at 11:01 PM | Comments (0)

Patrick E. Mclaughlin Named President of First American's National Default Title Services Group

First American Title Insurance Companytoday announced that Patrick E. McLaughlin has been named president of the companys National Default Title Services group. In this new role, McLaughlin will oversee all operations of the division, which helps customers manage defaulted loans throughout acquisition, loss mitigation, foreclosure and the REO process. 

Posted by K. Perry at 11:01 PM | Comments (0)

Roger S. Hull Promoted to Executive Vice President for The First American Corporation

The First American Corporation (NYSE: FAF),the nations largest data provider, today announced that Roger S. Hull has been promoted to executive vice president in recognition of the key role he has played in developing and integrating First Americans technology and business strategies. Serving as the companys chief information officer since 2001, Hullhas been instrumental in the creation and deployment of industry-leading Web-based technology that has become the backbone of First Americans products, services and processes. His work has set the stage for dramatic improvements in the agility and performance of First American and its customers and partners. 

Read the entire story here. 

Posted by K. Perry at 11:00 PM | Comments (0)