First Amern Finl Corp Stock Price, News & Analysis

ServiceMac, a First American company specializing in mortgage subservicing, has been awarded the Fannie Mae 2024 STAR™ Performer recognition in both General Servicing and Solution Delivery categories. This marks the second consecutive year the company has received the STAR award in General Servicing.

The Servicer Total Achievement and Rewards™ (STAR™) Program, established in 2011, acknowledges top-performing mortgage servicers for their competency, capability, and overall performance. Bob Caruso, ServiceMac's president and CEO, highlighted the company's commitment to maximizing efficiency and managing portfolio risk while delivering superior customer service.

Cyndi Danko, Fannie Mae's senior vice president and single-family chief credit officer, emphasized the important role of STAR Program servicers in providing stability to borrowers and maintaining strong servicing standards, contributing to the safety of Fannie Mae's business and the residential mortgage market.

First American Data & Analytics released its February 2025 Home Price Index (HPI) report, revealing that home prices in the Houston-The Woodlands-Sugar Land area increased by 1.4% year-over-year. The national house price growth has reached its slowest pace since March 2012, according to Chief Economist Mark Fleming.

The report highlights that Sunbelt markets are experiencing the slowest home price growth among tracked markets, with cities like Tampa and Phoenix showing more buyer-friendly conditions due to increased inventory from significant home building. In contrast, the Northeast region maintains stronger price growth due to new construction and tight inventories.

Despite mortgage rates retreating in February, the current softening in home price growth reflects earlier sales contracts when rates exceeded 7%. Fleming suggests that recent rate declines and seasonal demand could lead to accelerated price growth in coming months, particularly in markets where demand exceeds supply.

First American Data & Analytics reports that home prices in the New York-Jersey City-White Plains metro area increased by 2.8% year-over-year in February 2025. The national house price growth has reached its slowest pace since March 2012, according to Chief Economist Mark Fleming.

The report highlights that while mortgage rates decreased in February, the slower price growth reflects earlier sales when rates exceeded 7%. Fleming notes that Sunbelt markets are experiencing the slowest home price growth among tracked markets, with cities like Tampa and Phoenix becoming more buyer-friendly due to increased inventory from significant home building.

In contrast, the Northeast region has seen new construction and tight inventories, leading to continued price pressure. The analysis suggests that recent rate declines and seasonal demand could accelerate price growth in coming months, particularly in markets where demand exceeds supply.

First American Data & Analytics released its February 2025 Home Price Index (HPI) report, revealing that home prices in the Atlanta-Sandy Springs-Alpharetta metro area increased by 0.7% year-over-year. The national house price growth has reached its slowest pace since March 2012, according to Chief Economist Mark Fleming.

The report highlights that while mortgage rates decreased in February, the slower price growth reflects earlier sales when rates exceeded 7%. Fleming notes that Sunbelt markets are experiencing the slowest home price growth among tracked markets, with cities like Tampa and Phoenix showing more buyer-friendly conditions due to increased inventory from significant home building.

The HPI report segments home prices into three tiers: starter, mid, and luxury, tracking changes across national, state, and metropolitan levels. The analysis suggests that while current market conditions may favor buyers in some regions, recent rate declines and seasonal demand could lead to accelerated price growth in markets where demand exceeds supply.

First American Data & Analytics (NYSE: FAF) released its February 2025 Home Price Index report, revealing national house price growth has reached its slowest pace since March 2012. House prices are 54.8% higher compared to pre-pandemic levels (February 2020).

Chief Economist Mark Fleming notes that while mortgage rates decreased in February, the slower price growth reflects earlier sales when rates exceeded 7%. The report highlights Sunbelt markets experiencing the slowest growth due to increased home building and inventory, particularly in Tampa, FL and Phoenix. In contrast, the Northeast shows stronger price growth due to new construction and tight inventories.

The monthly report tracks price changes across national, state, and metropolitan levels, segmenting sales into starter, mid, and luxury tiers. Despite current slowdown, Fleming suggests price growth may accelerate in coming months due to recent rate declines and seasonal demand, especially in markets where demand exceeds supply.

First American Data & Analytics released its February 2025 Home Price Index (HPI) report, revealing that home prices in the Los Angeles-Long Beach-Glendale area increased by 1.6% year-over-year. The national house price growth has reached its slowest pace since March 2012, according to Chief Economist Mark Fleming.

The report highlights that while mortgage rates decreased in February, the slower price growth reflects earlier sales when rates exceeded 7%. Fleming notes that Sunbelt markets are experiencing the slowest home price growth among tracked markets, attributed to increased home building and inventory. Markets like Tampa and Phoenix are becoming more buyer-friendly, while the Northeast, with new construction and tight inventories, continues to see sustained price growth.

The HPI report segments home prices into three tiers: starter, mid, and luxury, using a repeat-sales methodology analyzing over 46 million paired transactions. The next report release is scheduled for the week of April 21, 2025.

First American Data & Analytics released its February 2025 Home Price Index (HPI) report, revealing that Dallas-Plano-Irving home prices increased by 0.1% year-over-year. The national house price growth has reached its slowest pace since March 2012, according to Chief Economist Mark Fleming.

The report highlights that while mortgage rates decreased in February, the slower price growth reflects earlier sales when rates exceeded 7%. Fleming notes that Sunbelt markets are experiencing the slowest home price growth among tracked markets, attributing this to increased home building and inventory. Markets like Tampa, Florida, and Phoenix are becoming more buyer-friendly.

In contrast, the Northeast region shows stronger price growth due to new construction and tight inventories. The HPI report tracks price changes using over 46 million paired transactions, segmenting metropolitan areas into starter, mid, and luxury price tiers.

First American Data & Analytics, a division of First American Financial (NYSE:FAF), has been named a 2025 Tech100™ winner by HousingWire in both Mortgage and Real Estate categories. This marks their fourth recognition in the Mortgage category and fifth consecutive win in Real Estate.

The company was acknowledged for its advanced technology delivering actionable insights to the housing economy through solutions including automated valuation models, fraud tools, and property data platforms. They maintain the industry's largest dataset with 8.6 billion searchable property documents, adding over 5 million new records monthly.

Chris Flynn, head of product and strategy, emphasized their commitment to providing modern solutions that help clients reduce costs, manage risks, and make informed business decisions. HousingWire's editor-in-chief Sarah Wheeler highlighted how Tech100 honorees are driving real transformation in mortgage and real estate, redefining possibilities in the housing market.

ServiceMac, a mortgage subservicer and First American company member, has been awarded gold in Freddie Mac's 2024 Servicer Honors and Rewards Program (SHARP) for servicers managing 75,000-199,999 Freddie Mac mortgages. The recognition highlights ServiceMac's excellence in customer service, credit risk minimization, and cost reduction.

Bob Caruso, ServiceMac's president and CEO, emphasized their focus on superior customer service delivery, efficiency maximization, and portfolio risk management through their proprietary subservicing technology platform. Donna Spencer, Freddie Mac's vice president, praised the winners' contributions to homeowner outcomes.

Founded in 2017 and acquired by First American in October 2021, ServiceMac began portfolio operations in 2019 and now services over $200 billion in first and second mortgage portfolios. The company's growth is attributed to its technology, risk management, compliance tools, customer service, and experienced team.