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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

First American Spin-Off Clears Government Approval

May 25, 2010

The First American Corp. announced the satisfaction of the governmental conditions to the spin-off of its Financial Services businesses, which includes its core title insurance business. Those governmental conditions included the receipt of a private letter ruling from the Internal Revenue Service substantially to the effect that the distribution will qualify as a tax-free transaction for U.S. federal income tax purposes, the approval of the California Department of Insurance and the approval of the Office of Thrift Supervision.

Based on the satisfaction of these governmental conditions, which were the primary outstanding conditions to the distribution, the company is affirming the previously announced May 26, record date and June 1 distribution date.

On May 24, First American Financial Corp. commenced trading on a “when-issued” basis on the New York Stock Exchange under the ticker symbol “FAF-WI.” In addition on May 24, the company’s shares were expected to trade on an ex-distribution basis, representing a market for the remaining Information Solutions company, under the ticker symbol “CLGX-WI.” These markets will be in addition to the market for the combined company’s common shares, which will continue to trade on the New York Stock Exchange up through and including the June 1 distribution date under the ticker symbol “FAF.”

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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