First American Aims for Minority Home Buying

Santa Ana-based First American Corp. unveiled a five-year program aimed at increasing homeownership among minority groups.

First American, a business information provider, said the package of products and services would include discounted title insurance and closing services; alternative credit scoring methods designed to broaden the availability of high-grade mortgage financing; a community investment portfolio directed at providing affordable housing in minority and low-income neighborhoods; and a program that directs at least 1% of First American’s annual pretax profit toward expanding homeownership in underserved areas.