Items Tagged with 'First American'

ARTICLES

  • First American: Growth in potential existing-home sales dampened by lack of inventory

    The market potential for existing-home sales increased by 1.1% in June
    In June, potential existing-home sales increased slightly from the previous month, keeping the market’s potential below its 2018 rate, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said while increasing house-buying power improved housing affordability and boosted the incentive to sell, a lack of inventory continues to hold the market back.
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  • First American: Nominal house price appreciation responsible for April's housing affordability

    In April, home prices fell 0.9%, declining 0.72% year over year
    In April 2019, home prices fell 0.9%, declining 0.72% year over year, according to First American’s Real House Price Index. This means unadjusted house prices now sit 2.8% above the housing boom peak. First American Chief Economist Mark Fleming said only nominal house price appreciation dampened April’s affordability.
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  • First American: A lack of housing inventory slows growth in potential existing sales

    In May, potential existing-home sales rose only 0.4% from April
    In May, potential existing-home sales increased only 0.4% from the previous month, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said May's slowdown can be attributed to the housing market's unprecedented homebody era.
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  • First American appoints new VP of information technology strategy

    Paul Bandiera has more than 18 years of experience in software development
    First American, a title insurance company, recently appointed Paul Bandiera to the position of vice president of information technology strategy. Bandiera, who previously served as the president of a title and escrow software company, brings 18 years of leadership experience in retail title and settlement software development.
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  • First American: Mortgage defect risk fell 4.2% in April

    Declining mortgage rates led to an increase in lower-risk refinance transactions
    In April, the nation’s mortgage defect risk edged down as interest rates continued to decline, according to the latest First American Loan Application Defect Index. According to the report, the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage applications decreased by 4.2% from the previous month.
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  • Wall Street's sheriff opens investigation of First American data exposure

    New York regulator will probe the alleged exposure of more than 885 million documents
    New York's top financial watchdog has turned its attention to First American's security incident that allegedly exposed millions of records to anyone with a web browser, as initially reported by cybersecurity expert Brian Krebs. The New York State Department of Financial Services sent a letter to First American on Tuesday asking for information.
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  • First American left millions of real estate records exposed

    Data included bank account details, mortgage information, tax records and phone numbers
    First American shut down external access to an application on Friday after cybersecurity expert Brian Krebs alerted the title insurer that millions of records were exposed online. "The digitized records – including bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images – were available without authentication to anyone with a Web browser," Krebs wrote.
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  • First American: Mortgage rates champion growth in potential existing home sales

    But market potential for existing sales declines 1.3% year over year
    In April, potential existing-home sales increased 0.1% from the previous month, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said although the housing market underperformed its potential last month, its performance gap shrank compared with March.
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