First American LoanPerformance Releases September 2007 House Price Index

-Home Prices Depreciate in 17 States over the Past Year, While Wyoming, Utah and North Carolina Show Gains-

SAN FRANCISCO, Nov. 19 /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 September 2007 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,416 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 659 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported as early as five weeks after each month ends.

“LoanPerformance's HPI continues to track the nation's housing market's progress. This latest release reveals that 17 states show a negative home price appreciation over the past 12 months,” said Damien Weldon, vice president, collateral and prepayment analytics for First American LoanPerformance. “However, most states continue to have stable home values while states like Wyoming, Utah and North Carolina show a moderate growth in prices,” added Weldon. (For a state-by-state map, visit http://www.loanperformance.com/assets/images/pr1107_image_lg_ch.jpg)
    12 Month Change by Top 30 CBSAs (Core Based Statistical Areas)
    As of September 2007
    Riverside-San Bernardino-Ontario, CA                   -13.59%
    Cape Coral-Fort Myers, FL                              -11.49%
    Las Vegas-Paradise, NV                                  -9.80%
    Phoenix-Mesa-Scottsdale, AZ                             -8.49%
    Miami-Fort Lauderdale-Miami Beach, FL                   -8.37%
    Los Angeles-Long Beach-Santa Ana, CA                    -8.14%
    Orlando-Kissimmee, FL                                   -7.66%
    Tampa-St. Petersburg-Clearwater, FL                     -7.65%
    Cleveland-Elyria-Mentor, OH                             -7.39%
    Washington-Arlington-Alexandria, DC-VA-MD-WV            -6.65%
    Boston-Quincy, MA                                       -4.97%
    New York-Northern New Jersey-Long Island, NY-NJ-PA      -3.78%
    Detroit-Warren-Livonia, MI                              -3.46%
    St. Louis, MO-IL                                        -2.10%
    Miami-Miami Beach-Kendall, FL                           -1.59%
    Minneapolis-St. Paul-Bloomington, MN-WI                 -1.55%
    New York-White Plains-Wayne, NY-NJ                      -0.87%
    Atlanta-Sandy Springs-Marietta, GA                      -0.40%
    Philadelphia, PA                                        -0.05%
    Chicago-Naperville-Joliet, IL-IN-WI                      0.06%
    San Francisco-Oakland-Fremont, CA                        0.68%
    Dallas-Fort Worth-Arlington, TX                          1.27%
    Houston-Sugar Land-Baytown, TX                           2.46%
    Portland-Vancouver-Beaverton, OR-WA                      2.83%
    Charlotte-Gastonia-Concord, NC-SC                        3.70%
    Seattle-Tacoma-Bellevue, WA                              4.25%
    Austin-Round Rock, TX                                    4.83%
    San Antonio, TX                                          4.85%
    Raleigh-Cary, NC                                         5.55%
    Salt Lake City, UT                                       6.06%
    Honolulu, HI                                            14.79%

    Source: First American LoanPerformance HPI, Single Family Detached Series

“Year-over-year rates of decline in residential property values vary significantly across the country. For example, Las Vegas is enduring its 12th straight month of decline, while New York has been in decline for just the past two months,” 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 and complimentary state and top-30 CBSA-level HPI information can be found at http://www.loanperformance.com/products/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 (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) is a FORTUNE 500(R) company that traces its history to 1889. With revenues of $8.5 billion in 2006, 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, Mortgage Information, Property Information and First Advantage. 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.