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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Business 417
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Title insurer Doma forecasts profitability in 2023

Housing Wire

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 “In terms of our plans for 2022, we are taking advantage of the momentum in our business and will focus on broadening the use and coverage of our proven Doma Intelligence platform. million from $143.5

Insurance 382
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First American off to a slow start in 2022

Housing Wire

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The Guide to Accelerating Closings in 2022. Net income, however, was a different story.

Insurance 383
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HousingWire Annual: CoreLogic says climate change should be factored into financial analytics

Housing Wire

A number of players in the industry benefit from the risk data, including real estate investors who need additional insights to make informed decisions. This may give investors pause as to whether a particular real estate investment is a sound one. If adopted, the rule might have a ripple effect on housing agencies such as the U.S.

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Fidelity joins “Big Four” counterparts in reporting record-breaking year?

Housing Wire

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 billion for 2021, a 49% increase over a year prior. billion, with $1.0

Insurance 383
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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

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Title firms turn profits in Q2 despite the headwinds

Housing Wire

We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. million in pretax income recorded during the second quarter of 2022. The title segment’s quarterly revenue of $1.53

Insurance 361