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SAN FRANCISCO, CA - June 15, 2005 - LoanPerformance, a subsidiary of First American Real Estate Solutions and a leading data, research and analytics provider for the mortgage industry and Wall Street, today announced its agenda for the 17th annual RiskSummit, a three-day mortgage industry conference.
This year’s agenda features three distinct educational tracks: risk management, research and modeling, and market trends. In addition, leading housing and real estate economists will provide an economic outlook for the market and debate whether or not there is a housing bubble.
“With an increased emphasis on regulatory compliance, this conference brings together thought leaders who can illuminate the best practices in the areas of identifying, predicting and managing mortgage risk,” said Dan Feshbach, president and chief executive officer of LoanPerformance.
General session presentations will be made by Frank Nothaft, chief economist of Freddie Mac, and Jay Brinkman, deputy chief economist of the Mortgage Bankers Association. A debate on whether or not there is a housing bubble will feature Amy Crews-Cutts, deputy chief economist of Freddie Mac, and Dr. John Tuccillo, author and former chief economist of the National Association of Realtors. Additional sessions will explore the risks of Alt-A, subprime and interest-only loans and provide a buy-side perspective on risk. Traders from leading Wall Street firms will be featured throughout the sessions.
Highlights for the risk management track include panels on mixed-data analytics, prepayment scoring, servicing performance measurement, default management, automated valuation model (AVM) testing and technology innovation, and regulatory risk. The research track will focus on credit risk portfolio modeling, home price modeling and forecasting, prepayment and default modeling, subprime modeling and home equity line of credit (HELOC) modeling, while the market trends track will feature panels on subprime, “secret seconds,” interest-only and hybrid loans, home equity loans and lines, securitization and rating agencies.
The Risk Summit is being held July 24-26, 2005, at the Four Seasons Resort Aviara in Carlsbad, Calif., 30 minutes north of San Diego. A complete agenda is available online at www.loanperformance.com/events/risksummit. Questions regarding the 2005 Risk Summit can be directed to risksummit@loanperformance.com or by calling 415-536-3500.
LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®), the nation’s largest provider of advanced property and ownership information, analytics and services, is a leader in residential mortgage performance data and provides credit risk decision support tools for mortgage originators, servicers, securities issuers and investors.
LoanPerformance’s databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month, provide loan-level information on more than $900 billion in non-agency mortgage and asset-backed securities. The company’s data and suite of predictive prepayment and risk modeling solutions enable clients to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. For additional information visit www.loanperformance.com and www.firstamres.com.
The First American Corporation (NYSE: FAF), a Fortune 500 company that traces its history to 1889, is the nation’s largest data provider. 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 six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has 31,000 employees in approximately 2,000 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.
Media contacts:
John Lewis
202-261-6548
john@campbelllewis.com
Carrie Gaska
714-701-3265
cgaska@firstam.com
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