Never a good explaination for how the market reacts, often they react negativly to good news and positivly to bad news. But certainly it was another good quarter for FAF.

If you look at the biggest competitor FNF they made a profit for the quarter of $73.4 million but that is after they released $74 million from their claim reserves, they believe they had excess in claim reserves. Without that release they basically broke even. FAF's profit does not appear to be as a result of any funds being pulled back in from claims. FAF also beat FNF pretty substainly in positive cash flow.

FAF in all honesty has done really well in a still pretty dragging market!