Tagged: First American Financial Corp.

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

Dunkerley founded the warehouse lender in 2003 and guided the company through its 2018 acquisition by First American

Annual appreciation reached its highest rate since August, but prices varied sharply by market and buyer segment

First American says limited inventory is keeping prices at historic highs, while luxury homes continue to outperform starter and mid-tier markets

Company argues efforts to lower closing costs could transfer risk to lenders, borrowers and investors