First American Financial Corp.’s title segment achieved its highest pretax margin ever, helping the company beat analysts’ expectations and improve its second-quarter results. The company said a shift to higher premium residential and commercial transactions helped it continue its earnings momentum despite a drop in refinances.
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FAF posts record title margin
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Industry News
Monday, July 31, 2017
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First American Financial Corp.’s title segment achieved its highest pretax margin ever, helping the company beat analysts’ expectations and improve its second-quarter results.
The company said a shift to higher premium residential and commercial transactions helped it continue its earnings momentum despite a drop in refinances.
Read on for more details.
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