First American Financial Corporation

The First American subsidiary is sharpening its lender-facing identity after becoming the nation’s fourth-largest mortgage subservicer

Price declines are spreading, yet mortgage rates and uneven local conditions continue to limit what buyers can afford

Sales fell 10.5% in July as inventory climbed, leaving builders increasingly dependent on price cuts, mortgage-rate buydowns, and other incentives

The newly created position includes oversight of the company’s real estate business, corporate development, and emerging revenue initiatives

Prices fell 2.9% in Austin but rose 6.4% in Chicago, showing weak purchase demand is producing local corrections rather than a national one

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year