ACI Develops Custom Integrations to Assist Appraisal Management Companies to Pursue Compliance with FHA's EAD Portal Requirement
BusinessWire - Fri Jun 03, 8:00AM CDT
In preparation for the Federal Housing Administration's (FHA) mandated use of its Electronic Appraisal Delivery (EAD) technology system, ACI announced today it is among the first appraisal technology providers to offer its appraisal management company (AMC) clients full integration with the EAD portal. Effective June 27, 2016, all FHA-approved mortgagees will be required to use the EAD portal to submit appraisal data to FHA.
FAF: 37.59 (+0.15)
Economic Turnaround in Detroit is Fast Improving Its Defect Risk Profile, According to First American Loan Application Defect Index
BusinessWire - Thu May 26, 10:00AM CDT
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index for April 2016, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index reflects estimated mortgage loan defect rates over time, by geography and by loan type. It's available as an interactive tool that can be tailored to showcase trends by category, including amortization type, lien position, loan purpose, property and transaction types, as well as state and market comparisons of mortgage loan defect levels.
FAF: 37.59 (+0.15)
Early Bird Technical Highlights for Some Key Property and Casualty Insurance Stocks
ACCESSWIRE - Thu May 26, 8:15AM CDT
LONDON, UK / ACCESSWIRE / May 26, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Travelers Cos., Loews, Allied World Assurance Co., and First American Financial.
L: 39.78 (-0.01), FAF: 37.59 (+0.15), AWH: 36.85 (-0.60), TRV: 113.27 (-0.54)
Real House Prices Remain 39 Percent Below the Housing Boom Peak, According to Inaugural First American Real House Price Index
BusinessWire - Tue May 24, 10:00AM CDT
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the inaugural First American Real House Price Index (RHPI), which measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time and across the United States at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability.
FAF: 37.59 (+0.15)
Market Activity Impeded from Potential, According to First American Chief Economist's Potential Home Sales Model
BusinessWire - Wed May 18, 10:00AM CDT
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American's proprietary Potential Home Sales model for the month of April 2016. The model provides a gauge on whether existing-home sales are under or over their long-run potential level based on current market fundamentals. For April, the model showed that the market for existing-home sales is underperforming its potential by 4.1 percent or an estimated 232,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement over the last month's revised performance gap of -7.6 percent or 418,000 (SAAR) sales.
FAF: 37.59 (+0.15)
FBL Financial (FFG) Beats Q1 Earnings & Revenue Estimates
Zacks Equity Research - Zacks Investment Research - Wed May 11, 9:20AM CDT
FBL Financial Group, Inc. (FFG) reported first-quarter operating earnings of $1.05 per share, which surpassed the Zacks Consensus Estimate of 98 cents by 7%.
FFG: 61.18 (-0.91), RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), AFL: 68.63 (-0.32)
ProAssurance (PRA) Q1 Earnings, Revenues Meet Estimates
Zacks Equity Research - Zacks Investment Research - Tue May 10, 9:00AM CDT
ProAssurance Corporation (PRA) reported first-quarter 2016 operating earnings per share of 46 cents, in line with the Zacks Consensus Estimate.
PGR: 32.47 (-0.19), RLI: 65.85 (-1.27), PRA: 51.42 (-0.63), FAF: 37.59 (+0.15)
Berkshire Hathaway (BRK.
Zacks Equity Research - Zacks Investment Research - Mon May 09, 8:42AM CDT
Berkshire Hathaway Inc. (BRK.
RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), BRK.B: 141.51 (-0.25), TRV: 113.27 (-0.54)
Relationship Between Educational Attainment and Homeownership Becoming More Important, According to First American Homeownership Progress Index
BusinessWire - Thu May 05, 10:00AM CDT
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the second annual First American Homeownership Progress Index, which measures the level of homeownership and the underlying demographic and economic factors that influence the probability of homeownership over time and geography based on IPUMS Census Data. It's available as an interactive tool that can be tailored to showcase how trends in employment, education, income, marital status, minority status, children per household and poverty impact homeownership rates over time across the United States at national, state and metropolitan area levels.
FAF: 37.59 (+0.15)
Chubb (CB) Beats on Q1 Earnings, Grows Y/Y, Revises View
Zacks Equity Research - Zacks Investment Research - Thu May 05, 8:44AM CDT
Chubb Limited (CB) reported first-quarter 2016 operating income of $2.26 per share, which surpassed the Zacks Consensus Estimate of $2.19 by 3.2%.
PGR: 32.47 (-0.19), RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), CB: 125.04 (-0.76)
CNA Financial (CNA) Q1 Earnings Beat Estimates; Down Y/Y
Zacks Equity Research - Zacks Investment Research - Mon May 02, 9:48AM CDT
CNA Financial Corporation (CNA) reported first-quarter 2016 operating income of 64 cents per share that beat the Zacks Consensus Estimate of 60 cents by 6.7%.
PGR: 32.47 (-0.19), RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), CNA: 31.53 (-0.59)
Principal Financial (PFG) Q1 Earnings Miss, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 12:54PM CDT
Principal Financial Group, Inc. (PFG) reported first-quarter 2016 operating net income of 97 cents per share that missed the Zacks Consensus Estimate by 2%.
PGR: 32.47 (-0.19), RLI: 65.85 (-1.27), PFG: 42.03 (-0.45), FAF: 37.59 (+0.15)
Loan Defect and Fraud Risk Emerging in Southern States, According to First American Loan Application Defect Index
BusinessWire - Thu Apr 28, 10:00AM CDT
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index for March 2016, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index reflects estimated mortgage loan defect rates over time, by geography and by loan type. It's available as an interactive tool that can be tailored to showcase trends by category, including amortization type, lien position, loan purpose, property and transaction types, as well as state and market comparisons of mortgage loan defect levels.
FAF: 37.59 (+0.15)
XL Group (XL) Misses on Q1 Earnings, Revenue Estimates
Zacks Equity Research - Zacks Investment Research - Thu Apr 28, 6:30AM CDT
XL Group plc (XL) reported first-quarter 2016 operating net income of 35 cents per share that missed the Zacks Consensus Estimate by 28.6%.
PGR: 32.47 (-0.19), RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), XL: 32.98 (-0.72)
Nasdaq (NDAQ) Beats Q1 Earnings on Increased Revenues
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 3:52PM CDT
Nasdaq, Inc. (NDAQ) reported record first-quarter 2016 earnings of 91 cents per share, which beat the Zacks Consensus Estimate by 2.2%.
PGR: 32.47 (-0.19), RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), NDAQ: 65.57 (-0.01)
Cincinnati Financial (CINF) Q1 Earnings Beat, Surge Y/Y
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:43AM CDT
Cincinnati Financial Corp. (CINF) reported first-quarter 2016 operating income of 89 cents per share, which comfortably surpassed the Zacks Consensus Estimate of 77 cents by 15.6%.
PGR: 32.47 (-0.19), CINF: 69.92 (-0.55), RLI: 65.85 (-1.27), FAF: 37.59 (+0.15)
AXIS Capital (AXS) Q1 Earnings Beat by a Whisker, Fall Y/Y
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:34AM CDT
AXIS Capital Holdings Limited (AXS) reported first-quarter 2016 earnings per share of $1.07 beat the beating the Zacks Consensus Estimate by a penny. However, earnings plunged 20.7% year over year.
AXS: 54.33 (-1.13), RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), TRV: 113.27 (-0.54)
W.R. Berkley (WRB) Beats on Q1 Earnings and Revenues
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:31AM CDT
W.R. Berkley Corp. (WRB) reported first-quarter 2016 operating income of 89 cents per share that beat Zacks estimate by 1.14%. Earnings also improved 11.3% year over year.
RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), WRB: 55.64 (-0.46), TRV: 113.27 (-0.54)
Assurant's (AIZ) Q1 Earnings and Revenues Beat Estimates
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:14AM CDT
Assurant, Inc. (AIZ) reported first-quarter 2016 net operating income of $1.52 per share that surpassed the Zacks Consensus Estimate by 16.9%.
PGR: 32.47 (-0.19), RLI: 65.85 (-1.27), AIZ: 84.64 (-0.13), FAF: 37.59 (+0.15)
Aflac (AFL) Q1 Earnings Beat on Stronger Forex, View Intact
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:04AM CDT
Aflac Incorporated's (AFL) first-quarter 2016 operating earnings per share of $1.73 beat the Zacks Consensus Estimate by about 7% and improved 12.3% year over year.
RLI: 65.85 (-1.27), FAF: 37.59 (+0.15), AFL: 68.63 (-0.32), TRV: 113.27 (-0.54)