Thirty-Three States Show Decline in Past 12 Months

SANTA ANA, July 2, 2008–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 the release of its full month April 2008 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,529 ZIP codes, 958 Core Based Statistical Areas (CBSA) and 672 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends.

"Home price declines accelerated in two-thirds of the states already experiencing price declines, while appreciation rates are decelerating in the handful of states with positive appreciation, particularly in Idaho, Utah and Hawaii. Ohio and Minnesota have separated from other Midwestern states and are declining at the fastest rates within the Midwest," said Mark Fleming, chief economist for First American CoreLogic. "Energy-rich sector states are experiencing the fastest price increases. West Virginia is leading the nation in home price appreciation, followed by Montana, Utah and Texas," added Fleming.

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“Two thirds of all states now show year-over-year real estate declines according to this latest LoanPerformance HPI release,” said Mark Fleming, chief economist for First American CoreLogic. “Although only one-third of CBSAs are depreciating on a nominal basis, on an inflation adjusted basis 90 percent of CBSAs are experiencing real price declines. Only 10 percent of CBSAs are experiencing real inflation-adjusted price increases,” added Fleming.

Source: First American CoreLogic, LoanPerformance HPI, Single Family Detached Series as of April 2008

"On a year-ago basis, four of the top six large CBSAs for home price appreciation are in Texas. Although declines are occurring in a majority of the states, over two-thirds of all 958 CBSAs are experiencing nominal increases. Among large CBSAs, St. Louis, Miami and Los Angeles have suffered the largest acceleration in home price declines so far this year."

In addition, updated LoanPerformance HPI data through mid-May 2008 is also available, providing clients with an early snapshot of trends with only a three-week lag period. Full-month April and through mid-month May 2008 state and top CBSA-level data can be found at http://www.loanperformance.com/products/hpi.aspx.

The LoanPerformance HPI incorporates more than 30 years worth of repeat sales transactions, representing more than 45 million observations sourced from First American CoreLogic's industry-leading property information database. LoanPerformance HPI provides a 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® 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.

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 over 43 million active mortgages and over $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 www.facorelogic.com.

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

Media Contact:
Carrie Gaska
Corporate Communications
The First American Corporation
(714) 250-3298
cgaska@firstam.com

Investor Contact:
Mark Seaton
Investor Relations
The First American Corporation
(714) 250-4264
mseaton@firstam.com