First American Financial Corporation: Re-Rating Coming?Rupert Hargreaves
First American Financial Corporation (FAF) provides financial services, including insurance services, residential real estate services, banking, trust, and wealth management services.
First American has seen a surge in demand for home buying services over the past year. The Title Insurance and Services segment's total revenues during the third quarter were $1.8 billion, up 15% compared with the same quarter of 2019. Meanwhile, direct premiums and escrow fees were up 12% compared with the third quarter of 2019, driven by a 30% increase in the number of direct title orders.
The company is planning to double down on this . . .
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