First American LoanPerformance Announces Major Enhancements to Truestandings® Securities Data and An

—In-Progress Period Reporting Provides Earlier View of Securities Performance—


October 9, 2007, SAN FRANCISCO

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 major enhancements to TrueStandings Securities®, its Web-based business intelligence platform that provides loan-level access to First American LoanPerformance’s industry-leading securities database containing over $2 trillion worth of mortgage transactions representing 85 percent of active nonagency securitized mortgages.

Enhancements in the latest release of TrueStandings Securities include:

  • In-Progress Period Reporting: For faster time-to-market data availability and decision-making, TrueStandings Securities now features a new in-progress period reporting function which will provide users with the earliest view of performance and prepayment information on eighty percent of active pools up to twelve business days earlier than previously possible.
  • Bulk Export Capability: This new feature enables faster, more detailed analysis of up to two gigabytes of loan-level data which is posted to a FTP (File Transfer Protocol) Web site. The bulk export can be used for performing even more detailed analysis at the loan level on large data sets and facilitates the transfer of loan-level data as an input into proprietary modeling systems and the LoanPerformance RiskModel™.
  • CUSIP Number Matching: TrueStandings Securities now provides a lookup tool for finding securities that match a specific Committee on Uniform Securities Identification Procedures (CUSIP)  number for analysis, benchmarking and modeling purposes.

“The market and our clients require faster and more frequent updates to evaluate active securities performance,” said Dan Feshbach, president and chief executive officer for First American LoanPerformance. “With this enhancement, eighty percent of our monthly data update is now available up to twelve business days earlier. We intend to continue to invest in technology to enable faster delivery of this critical data,” added Feshbach.

With TrueStandings Securities’ sixteen-year perspective on the non-agency securities market, analysts and decision-makers from financial institutions, rating agencies, traders, issuers and investment firms can access and track the most comprehensive repository of mortgage securities data with any Web browser. By leveraging this information, users can identify risks based on high concentrations of undesirable collateral underlying security holdings, analyze and evaluate portfolios quickly and create synthetic securities for more accurate benchmarking, and more. With its intuitive user interface, users can quickly mine and analyze data visually with pivot-tables and graphs, communicate between databases via standardized, user-friendly interface, and conduct complex analyses and generate monthly reports easily with helpful wizards.

About First American LoanPerformance
First American LoanPerformance is a subsidiary of First American CoreLogic, Inc. and is a First American Company (NYSE: FAF). 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 www.loanperformance.com and www.facorelogic.com.

About The First American Corporation
The First American Corporation (NYSE: FAF), a FORTUNE 500® 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 www.firstam.com.

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