Latest news with #FirstAmerican
Business Wire
2 days ago
- Business
- Business Wire
First American Marks National American Eagle Day With Campaign to Support Eagle Conservation Awareness, Benefit Friends of Big Bear Valley
SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced the launch of a campaign to celebrate National American Eagle Day (June 20), support each conservation awareness and benefit the non-profit Friends of Big Bear Valley, an organization dedicated to the protection and preservation of bald eagles and their natural habitat. Beginning Friday, June 20, First American will include a live eagle cam on its website and will make a $1 donation to Friends of Big Bear Valley for every view of the eagle cam up to $10,000. "We feel a special connection to the celebrity eagles in our local mountains. We're excited for this special opportunity to celebrate eagles in a way only we can – please join us, watch the live eagle cam feed and help preserve our national symbol.' 'At First American, the eagle is more than our logo, it's a powerful symbol of the values we stand for – strength, freedom, trust and the American dream,' said Chelsea Sumrow, chief marketing officer at First American. 'Our company's roots in Southern California and the greater Los Angeles area trace back 135 years, so we feel a special connection to the celebrity eagles in our local mountains. We're excited for this special opportunity to celebrate eagles in a way only we can – please join us, watch the live eagle cam feed and help preserve our national symbol.' View the Live Eagle Cam to Activate a Donation to Friends of Big Bear Valley Eagle Fun Facts Bald eagles were nearly extinct in the lower 48 states by the 1960s due to habitat loss and pesticide exposure. In 1963, there were only 417 nesting pairs of bald eagles left in the entire country. Thanks to conservation efforts, bald eagles were removed from the endangered species list in 2007. Bald eagles don't develop their characteristic white head and tail plumage until they reach four to five years of age. Eagles build enormous nests, sometimes eight feet wide and weighing over a ton. The average wingspan of a bald eagle is 6.5 to 7.5 feet. Bald eagles mate for life and return to the same nest each year. Eagles have exceptional eyesight—they can spot prey from up to two miles away. While the bald eagle has been the national symbol of the United States since 1782, it was only recently declared the official national bird in December 2024. The presence of eagles is a key indicator of healthy ecosystems near lakes, rivers, and forests. The largest population of wintering bald eagles in the U.S. is found in Alaska, but they nest in nearly every state. About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work ® and Fortune Magazine for the tenth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year in 2024. More information about the company can be found at
Yahoo
4 days ago
- Business
- Yahoo
FAF Stock Trading at a Discount to Industry at 1.18X: Time to Hold?
First American Financial Corporation FAF shares are trading at a discount to the Zacks Property and Casualty Insurance industry. Its forward price-to-book value of 1.18X is lower than the industry average of 1.56X, the Finance sector's 4.15X and the Zacks S&P 500 Composite's 8.12X. The insurer has a Value Score of of RenaissanceRe Holdings Ltd. RNR, NMI Holdings Inc. NMIH and Axis Capital Holdings Limited AXS are also trading at a discount to the industry insurer has a market capitalization of $5.93 billion. The average volume of shares traded in the last three months was 0.9 million. Image Source: Zacks Investment Research Shares of this insurer have gained 8.6% in the past year. It, however, underperformed the industry's growth of 19.1%, the Finance sector's return of 18.9% and the S&P 500 composite's appreciation of 10.1%. Image Source: Zacks Investment Research The Zacks Consensus Estimate for First American's 2025 earnings per share indicates a year-over-year increase of 14.8%. The consensus estimate for revenues is pegged at $7.00 billion, implying a year-over-year improvement of 14.2%. The consensus estimate for 2026 earnings per share and revenues indicates an increase of 20.9% and 12.6%, respectively, from the corresponding 2025 estimates. First American surpassed earnings estimates in each of the last four quarters, the average being 21.08%. Based on short-term price targets offered by four analysts, the Zacks average price target is $77 per share. The average suggests a potential 31% upside from the last closing price. Image Source: Zacks Investment Research One of the three analysts covering the stock has lowered estimates for both 2025 and 2026 over the past 60 days. The Zacks Consensus Estimate for 2025 earnings has moved down 3.8% in the past 60 days, while the same for 2026 has moved down 2.2% in the same time frame. Image Source: Zacks Investment Research First American's return on equity (ROE) of 10% for the trailing 12 months compared favorably with the industry's 7.8%, reflecting the company's efficiency in utilizing shareholders' funds. First American stands to gain from increased demand for first-time home purchases among millennials. It expects housing demand, improving economy and labor markets to drive home price appreciation. Growing leadership in title data, courtesy of proprietary data extraction, sturdy distribution relationships, prudent underwriting and continued investments in technology positions FAF well for long-term growth. FAF expects modest improvement in both residential purchase and refinance businesses for 2025. The company is witnessing early stabilization in the purchase market and thus expects housing demand, improving economy and labor markets to continue to drive home price direct premiums, escrow fees and title agent premiums should continue to drive the top line. The title insurer stays focused on strengthening its product offerings, enhancing its core business and expanding valuation and data businesses. Also, the expansion of title plant assets and the upgrade of technology solutions drive increased American distributes wealth to shareholders via dividend hikes and share buybacks. Its dividend yield as well as payout ratio is better than the industry average, making it an attractive pick for yield-seeking investors. Increased demand among millennials for first-time home purchases, improved rate environment and strength in commercial business should favor FAF's results. The solid dividend yield is another positive. First American should also benefit from favorable growth estimates, as well as the affordability of shares. It is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report First American Financial Corporation (FAF) : Free Stock Analysis Report NMI Holdings Inc (NMIH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
AHOMO Fund to Acquire 3,500 Homes Across 42 States Using CloseAbility Platform
Only 105 agent spots available—9 already gone. Apply now to secure your territory and represent the AHOMO Fund. Licensed agent-investors and investors working with agents invited to apply for exclusive buyer-side partnerships. CLEVELAND, June 13, 2025 /PRNewswire/ -- AHOMO, short for A Home of My Own, today announced the launch of a nationwide housing initiative to acquire and renovate 3,500 single-family homes across 42 states. The fund is designed to create scalable opportunities for middle-income families—households that earn too much to qualify for assistance but too little to compete with cash-rich institutional investors. To execute this mission, AHOMO will use CloseAbility—the only AI-enabled platform purpose-built for distressed real estate transactions by licensed agent-investors and attorneys. The platform streamlines every step of the deal process, from sourcing through legal clearance to closing. "CloseAbility's AI and legal automation gives us the edge needed to scale without compromising protection," said Wendy S. Rosett, General Counsel of CloseAbility and former magistrate judge. "The platform is built on insured, recorded Warranty Deeds—most underwritten by Old Republic or First American. We don't just move fast—we move legally sound." AHOMO positions itself as a smarter alternative to failed national housing initiatives like Home Partners of America, Divvy Homes, and Zillow Offers—all of which struggled to balance profit motives with operational discipline. These firms left behind fragmented neighborhoods, failed rent-to-own promises, and billions in write-downs. CloseAbility CEO Kevin Ra, who previously worked with Home Partners and Divvy, said the AHOMO strategy corrects those early missteps. "Those earlier efforts were built without workflow discipline or legal rigor. We've fixed what they got wrong," Ra said. "We've designed AHOMO around sustainable equity and built it using CloseAbility's 300+ workflows—each based on real transactions that actually closed. And we studied the Zillow Offers collapse closely to avoid the same traps of pricing volatility and poor field-level execution." Key features of CloseAbility include: 300+ deed-based workflows from the CTBREL™ (Closed-Transaction Based Real Estate Learning) system AI-driven CloseAbility Analysis™ for uncovering high-equity, fast-close opportunities The SMC Framework™ (Source, Manage, Close) to streamline transactions Built-in integrations with agent and attorney tools, including CRMs and legal form systems Agent-investors and investors working with agents approved for AHOMO will: Represent AHOMO as a buyer's agent Earn 3.5% commissions per transaction Oversee or assign renovations to investor clients Have first-look options to acquire renovated homes at pre-agreed prices Deliver homes with new mechanicals and a home warranty for end buyers or renters Complete 8 hours of CloseAbility training (provided at no cost) AHOMO does not flip homes for short-term profits or manage renovations directly. It funds acquisition and sets project specs, while allowing licensed professionals and their clients to manage construction and resale—keeping control in the hands of local operators. "This is not a house-flipping scheme," said Rosett. "This is a program that puts real estate professionals in control and ensures families end up in homes with long-term stability and equity." With 3,500+ distressed transactions already closed on the platform and average equity margins of 30–40%, CloseAbility offers the infrastructure AHOMO needs to scale with confidence. Applications are now open for agent-investors and investors working with agents in 42 states. Only 105 total spots are available—9 have already been claimed. Approvals are rolling and space is limited. Apply to represent AHOMO and book your application call here Media Contact: Name: Diane DyePhone: (216) 415-0597Email: 396653@ Company: CloseAbility/People Risk Management ConsultingWebsite: View original content: SOURCE CloseAbility Data Solutions, Inc. Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
United for Oklahoma and the Oklahoma Indian Gaming Association Announce Tribes' Impact on State's Economy
Tribes' economic impact exceeded $23 billion in 2023 OKLAHOMA CITY, June 11, 2025--(BUSINESS WIRE)--First American tribal nations in Oklahoma contributed $23.4 billion to the state's economy in 2023, according to a new study released Wednesday. Tribal leaders announced the results of the study – commissioned by United for Oklahoma and the Oklahoma Indian Gaming Association – on Wednesday at the Oklahoma History Center. Compared to previous periods, the new report indicates the largest increase in economic activity between the years studied. From FY 2019 to FY 2023, economic activity rose $4.9 billion, nearly double the increase recorded between FY 2017 to FY 2019. The study found that the tribes directly employed more than 55,600 Oklahomans and supported a total of 139,860 jobs to tribal citizens and non-citizens, accounting for more than $7.8 billion in wages and benefits to Oklahoma workers in 2023. "The contributions of tribal nations to the Oklahoma's success are substantial and enduring," said Matt Morgan, chairman of the Oklahoma Indian Gaming Association. "Through our business enterprises and healthcare facilities, we support jobs in rural areas where economic opportunities are often limited. Tribal impact reaches far beyond employment. We invest in infrastructure, fund health care, champion public education and deliver programs that meet critical community needs. We honor the legacy that brought us here and remain focused on building a bright future for all Oklahomans." The report highlights significant tribal contributions to health care, public education and workforce development in 2023: Tribes spent $582 million providing health services to Oklahomans with over 3.5 million unique patient visits. Through gaming compacts between tribal governments and the state, tribes submit a percentage of their Class III gaming revenues for the exclusive right to operate gaming in the state. In 2023, tribes sent $208 million in exclusivity fees to the state — a 36% increase since 2019. More than $177 million of the fees went to fund public education across Oklahoma. When combined with the education portion of exclusivity fees, tribes delivered $351 million for Oklahoma education programs in 2023. The economic impact study was conducted by Dr. Kyle Dean, professor of economics and director of the Center for Native American and Urban Studies at Oklahoma City University. Dr. Dean analyzed data from 19 tribal nations based in Oklahoma. "Tribal nations serve as a significant economic force, consistently contributing to the state's economy with increasingly transformative impact," said Dr. Dean. "With over 100,000 jobs supported and an ever-expanding scope of investments, tribes help build sustainable economies and stronger communities across the state." Learn more at About United for Oklahoma United For Oklahoma is a public education initiative supported by a coalition of tribes that are committed to nurturing mutual respect, shared strength and productive partnerships. The mission of the initiative is to raise awareness of tribal impact across the state. About Oklahoma Indian Gaming Association Oklahoma Indian Gaming Association (OIGA), established in 1986, is a non-profit organization of Indian Nations with other non-voting associate members representing organizations, tribes and businesses engaged in tribal gaming enterprises from around Oklahoma. The common commitment and purpose of OIGA is to advance the welfare of Indian peoples economically, socially and politically. View source version on Contacts Media contact: Katy Gustafson, APR, (405) 200-5631, katy@ Sign in to access your portfolio
Business Wire
02-06-2025
- Business
- Business Wire
First American Chief Marketing Officer Chelsea Sumrow Recognized as a Top Marketing Leader by HousingWire
SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that Chelsea Sumrow, chief marketing officer, was named by HousingWire as a 2025 Marketing Leaders winner. Chosen by HousingWire's selection committee, the 2025 Marketing Leaders award winners are the most dynamic and influential marketing professionals in the housing industry, recognized for building high-performing marketing teams, driving forward-thinking initiatives, and making a lasting impression on both customers and the market. "Chelsea has enhanced our commitment to our customers with a data-driven approach that embraces innovation and emphasizes impact." 'Chelsea has enhanced our commitment to our customers with a data-driven approach that embraces innovation and emphasizes impact,' said Kurt Pfotenhauer, executive vice president and vice chairman of First American Title Insurance Company. 'Her recognition reflects not only her own efforts, but those of her team and its focus on bringing exceptional value to our customers.' Since joining First American in 2023, Sumrow has transformed the role of marketing into a strategic driver, prioritizing collaboration and customer-centric strategies that deepen customer engagement and drive growth. From modernizing the company's brand identity and leading the alignment around a unified organizational purpose and cultural behaviors, her leadership has helped enhance the consistency of the customer experience across all touchpoints, driving substantial value and business growth. 'HousingWire's Marketing Leaders represent the top talent in marketing — professionals who are building brands and influencing business outcomes,' said Clayton Collins, HW Media CEO. 'These marketers are driving mortgage origination volume, connecting with home buyers at critical moments, and supporting real estate brokerages to engage buyers and sellers. By combining data, technology, and creative strategy, they're transforming how the industry communicates, competes and grows.' About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work ® and Fortune Magazine for the tenth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year in 2024. More information about the company can be found at
