Santa Ana Title Insurer Will Cover ExxonMobil Holdings

First American Financial Corp. said Friday that its title insurance company will provide coverage on 705 ExxonMobil Corp. properties for $880 million. The Santa Ana title insurer said in a press release that the transaction stems from the Federal Trade Commission’s mandate that Exxon and Mobil liquidate certain assets as part of the agency’s approval of their merger. ExxonMobil agreed to sell its Northeast and Mid-Atlantic service stations and supply arrangements to Tosco Corp. First American, which provides real-estate related financial and information services, said it will issue about 1,500 title policies on the properties for a total liability of more than $1 billion.