Flood Data Services Inc

First American Financial Corp. said Monday it has agreed to buy a mortgage credit reporting company and a flood threat data-service firm for a total of $32 million in cash and debt securities. The real estate financial services company, based in Santa Ana, said it will acquire Credco Inc., a mortgage credit firm, from U.S. Bancorp of Portland, Ore. First American also will acquire Flood Data Services Inc. of Austin, Texas, from a group led by the company's founder, Don Craven.

First American Financial Corp. said Monday it has agreed to buy a mortgage credit reporting company and a flood threat data-service firm for a total of $32 million in cash and debt securities. The real estate financial services company, based in Santa Ana, said it will acquire Credco Inc., a mortgage credit firm, from U.S. Bancorp of Portland, Ore. First American also will acquire Flood Data Services Inc. of Austin, Texas, from a group led by the company's founder, Don Craven.