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First American Posts $67 Million Loss

By DIANA GOLOBAY

The First American Corp. (FAF: 23.70 -1.29%) on Thursday reported a $66.9 million — or 72 cents per share — net loss in the fourth quarter, driven by $50.7 million in increased reserves, $13.7 million in intangible asset impairments and $11.3 million in employee separation and other restructuring costs. This compares with an $8.3 million [...]

Full post as published by Housing Wire on February 27, 2009 (boomark / email).