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First American LoanPerformance Announces Availability Of TrueStandings(R) Home Price Index
Sep 25, 2007 (08:09 AM EDT)
SAN FRANCISCO, Sept. 25 /PRNewswire-FirstCall/ --First American LoanPerformance, a member of the First American family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced its new TrueStandings Home Price Index (HPI) analytics solution, the most comprehensive source of real estate price trends for mortgage investment professionals, mortgage risk managers and analysts.
TrueStandings HPI incorporates more than 30 years of repeat sales transactions representing more than 45 million observations sourced from a vast property information database owned by its parent company, First American CoreLogic. TrueStandings HPI provides a comprehensive set of monthly home price indices and median sales prices covering all states and the District of Columbia, 7373 zip codes, 956 Core Based Statistical Areas (CBSA) and 640 counties. In addition, TrueStandings HPI provides multi-tier market evaluation based on price, time between sales, property type and loan type (conforming vs. non-conforming.) With TrueStandings HPI, users can monitor real estate trends by market, identify at-risk markets as they unfold, selectively evaluate markets by tier and fine tune investment strategies.
"In this market, understanding local house price appreciation and depreciation trends is key to both risk management and mortgage investing decisions," said Dan Feshbach, president and chief executive officer of First American LoanPerformance. "TrueStandings HPI is produced monthly with only a five week lag after month end, giving clients a more timely and accurate view of trends, as compared to quarterly indices. With roughly double the geographic coverage and more price tiers than its competitors, TrueStandings HPI leads the market in analytical breadth and precision," added Feshbach.
TrueStandings HPI is the first Web-based analysis platform providing instant access to real estate price trends in all the key local markets in the United States. TrueStandings HPI provides on-demand summary and detailed index data by time and state, county, CBSA and zip code. In addition, all TrueStandings HPI indices can be made available monthly for download via File Transfer Protocol. Sample reports are available at http://www.loanperformance.com/products/ts-hpi.aspx .
About First American LoanPerformance
First American LoanPerformance is a subsidiary of First American CoreLogic, Inc., and a member of The First American Corporation http://www.loanperformance.com http://www.facorelogic.com family of companies. First American LoanPerformance databases track the delinquency and prepayment performance of 50 million active individual mortgage payments per month and provide loan-level information on more than $2.0 trillion in nonagency mortgage-backed and asset-backed securities. The company's data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. For additional information, visit and .
About The First American Corporation
The First American Corporation http://www.firstam.com , a FORTUNE 500(R) company that traces its history to 1889, is America's largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. With revenues of $8.5 billion in 2006, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at .
Media Contact: Carrie Gaska Corporate Communications The First American Corporation (714) 250-3298 -- email@example.com Investor Contact: Mark Seaton Investor Relations The First American Corporation (714) 250-4264 --
CONTACT: Media, Carrie Gaska, Corporate Communications of The First firstname.lastname@example.orgAmerican Corporation, +1-714-250-3298, ; or Investors,Mark Seaton, Investor Relations of The First American Corporation,+1-714-250-4264,
Web site: http://www.firstam.com/