First American LoanPerformance Releases August 2007 House Price Index

-

-California, Nevada, Arizona and Florida Continue to Exhibit Home Price Declines-

SAN FRANCISCO, Oct. 18 /PRNewswire-FirstCall/ — First American LoanPerformance, 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 the release of its August 2007 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,376 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 655 counties in all 50 states and the District of Columbia. The index, which is the most comprehensive available in the industry, is reported five weeks after each month ends.

“This latest home price index confirms that property values in key mortgage markets like California, Nevada, Florida and Arizona continue to exhibit on-going declines,” said Damien Weldon, vice president, collateral and prepayment analytics for First American LoanPerformance.” (For a state-by-state map, visit http://www.loanperformance.com/assets/images/FACL/pr101507_image_lg.jpg.)

    12 Month Change by Top 30 CBSAs                        August 2007
     (Core Based Statistical Areas)

    Atlanta-Sandy Springs-Marietta, GA                           0.72%
    Austin-Round Rock, TX                                        5.02%
    Boston-Quincy, MA                                           -4.07%
    Cape Coral-Fort Myers, FL                                   -9.72%
    Charlotte-Gastonia-Concord, NC-SC                            3.92%
    Chicago-Naperville-Joliet, IL-IN-WI                          0.85%
    Cleveland-Elyria-Mentor, OH                                 -7.74%
    Dallas-Fort Worth-Arlington, TX                              1.60%
    Denver-Aurora, CO                                           -1.32%
    Detroit-Warren-Livonia, MI                                  -3.71%
    New York-Northern New Jersey-Long Island, NY-NJ-PA           2.94%
    Miami-Fort Lauderdale-Miami Beach, FL                       -7.71%
    Houston-Sugar Land-Baytown, TX                               2.99%
    Las Vegas-Paradise, NV                                      -8.24%
    Los Angeles-Long Beach-Santa Ana, CA                        -5.39%
    Miami-Miami Beach-Kendall,  FL                               1.60%
    Minneapolis-St. Paul-Bloomington, MN-WI                     -1.32%
    New York-White Plains-Wayne,  NY-NJ                          0.51%
    Orlando-Kissimmee, FL                                       -6.55%
    Philadelphia,  PA                                           -0.30%
    Phoenix-Mesa-Scottsdale, AZ                                 -6.72%
    Portland-Vancouver-Beaverton, OR-WA                          3.06%
    Raleigh-Cary, NC                                             6.42%
    St. Louis, MO-IL                                            -2.63%
    Salt Lake City, UT                                           8.00%
    San Antonio, TX                                              5.89%
    San Francisco-Oakland-Fremont, CA                            0.40%
    Seattle-Tacoma-Bellevue, WA                                  5.80%
    Tampa-St. Petersburg-Clearwater, FL                         -7.29%
    Washington-Arlington-Alexandria, DC-VA-MD-WV                -7.20%

    Source: First American LoanPerformance HPI, Single Family Detached Series

“Within these States, cities like Los Angeles, Las Vegas, Miami and Phoenix are leading the market downwards. At the ZIP code level, the picture is often much bleaker because there are individual ZIP codes that are down nearly 20 percent compared to last year,” added Weldon.

Published by the third week of each month, the LoanPerformance HPI incorporates more than 30 years of repeat sales transactions representing more than 45 million observations sourced from the industry's leading property information database owned by its parent company, First American CoreLogic, Inc.

LoanPerformance HPI provides multi-tier market evaluation based on price, time between sales, property type and loan type (conforming vs. nonconforming). With LoanPerformance 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.

LoanPerformance HPI is delivered through the TrueStandings(R) Web-based business intelligence platform, which provides instant access to real estate price trends in all of the key local markets in the United States. Data can be sorted by time period, state, county, CBSA and ZIP code. In addition, all LoanPerformance HPI indices are available monthly for download via file transfer protocol (FTP).
    Sample reports are available at
http://www.loanperformance.com/products/ts-hpi.aspx. State-level HPI
information is complimentary and can be found at
http://www.loanperformance.com.

About First American LoanPerformance

First American LoanPerformance is a subsidiary of First American CoreLogic, Inc., and a member of The First American Corporation (NYSE: FAF) 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 $2.2 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 http://www.loanperformance.com and http://www.facorelogic.com.

About The First American Corporation

The First American Corporation (NYSE: FAF), 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 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 – cgaska (at) firstam (dot) com   (714) 250-4264 – mseaton (at) firstam (dot) com
SOURCE The First American Corporation

© 2007 PR Newswire. All Rights Reserved.

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