First American CoreLogic Announces 2008 LoanPerformance RiskSummit
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-20TH Annual Conference Draws Mortgage Industry Leaders to Discuss Key Market
Issues, Including Loan Quality, Risk Management, Research and Modeling-
SAN FRANCISCO, May 20 /PRNewswire-FirstCall/ -- First American CoreLogic,
a member of The First American Corporation (NYSE: FAF) family of companies and
a leader in residential mortgage data and analytics for the mortgage industry
and Wall Street, today announced that registration is now open for the 20th
annual LoanPerformance RiskSummit, which will be held July 20-22, 2008 at La
Costa Resort and Spa in Carlsbad, Calif.
This year's agenda features educational tracks addressing mortgage
origination, issuer and investor risk management, research and modeling, loan
quality, servicing and regulatory issues. Monday's general session
presentation will provide a mid-year economic forecast by Frank Nothaft, chief
economist of Freddie Mac, and David Berson, chief economist for The PMI Group,
while Tuesday's general session will feature noted issuers and investors
exchanging their views on current market conditions. Track sessions will
discuss the following industry topics:
o The liquidity crisis and the confidence factor.
o Housing prices: With many areas experiencing double-digit declines, have
we seen the bottom?
o Strategies and opportunities: Mark-to-market vs. mark-to-model, loan
modifications vs. refinance vs. principal forgiveness.
o Buyside investment strategies: What and where are the value
opportunities of short selling vs. long-term investment?
o Practical applications in risk modeling.
o Servicing in the brave new world: How will the mortgage industry evolve?
o Managing distressed assets in a difficult environment -- Workout
strategies to survive and create opportunity: Forbearance vs.
foreclosure vs. principal short sale.
o Due diligence: Before origination, before issuance, before the
investment.
o Transparency: What should be required? What you should demand. How
transparency of the underlying loan-level collateral influences
valuation of the aggregate.
o Fed watch: How will the Federal Reserve Bank's desire to be more
transparent and proactive impact the market?
An early-bird registration rate of $1,195 (excluding travel and lodging)
is now available online at http://www.loanperformance.com/events/risksummit.
Vendors and consultants must seek prior approval from First American CoreLogic
in order to register. Attendees are urged to register early and secure lodging
at the special RiskSummit La Costa room rate. Questions regarding the 2008
Risk Summit can be directed to risksummit@loanperformance.com or by calling
415-536-3525.
About First American CoreLogic
First American CoreLogic, a member of The First American Corporation
(NYSE: FAF) family of companies, was formed through the merger of First
American Real Estate Solutions, America's largest provider of advanced
property and ownership information, analytics and services, and CoreLogic, the
leading provider of residential mortgage risk management and fraud protection
technology and services, and the acquisition of LoanPerformance, the leading
provider of mortgage performance data and analytics. The combined companies'
databases cover more than 3,000 counties, representing 99.1 percent of the
United States population, data on more than 43 million active mortgages and
more than $2 trillion in loan-level non agency mortgage securities. With more
than 600,000 users nationwide, First American CoreLogic products are used by
businesses to improve customer acquisition and retention, better manage credit
risk, loss mitigation, securitization and investment, detect and prevent
fraud, improve mortgage transaction cycle time and cost efficiency, measure
the value of residential and commercial properties, identify real estate
trends and neighborhood characteristics, track market performance and increase
market share. More information about First American CoreLogic can be found at
http://www.facorelogic.com
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500(R) company
that traces its history to 1889. With revenues of approximately $8.2 billion
in 2007, it 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, Information and Outsourcing Solutions, Data and Analytic
Solutions, and Risk Mitigation and Business Solutions. More information about
the company and an archive of its press releases can be found at
http://www.firstam.com.
Media Contact: Investor Contact:
Carrie Gaska Mark Seaton
Corporate Communications Investor Relations
The First American Corporation The First American Corporation
(714) 250-3298 (714) 250-4264
cgaska@firstam.com mseaton@firstam.com
SOURCE The First American Corporation
Media, Carrie Gaska, Corporate Communications, +1-714-250-3298,
cgaska@firstam.com, or Investors, Mark Seaton, Investor Relations,
+1-714-250-4264, mseaton@firstam.com, both of The First American Corporation
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