First American LoanPerformance Announces 2007 Symposium Series
Focus on Latest Emerging Mortgage Risk Trends, Loss and Prepayment Projections, Collateral Risk Analysis
SAN FRANCISCO, Jan. 24, 2007 – First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, announced today the dates and locations for its 6th annual complimentary symposium series, which focuses on best-practice mortgage risk management strategies and solutions.
Topics for the 2007 Symposium Series include: Mortgage Risk: Headaches on the Horizon? Many issuers, servicers, whole loan holders and investors are concerned about the growing risk profile of their portfolio or investments. First American LoanPerformance will present the latest delinquency, default, loss severity and loss trends, highlighting their product and geographic-related concentrations based on analysis from its industry-leading securities and servicing information databases. Loss Forecasting: What’s Past is Past, What Does the Future Hold? How are subprime, alt-A and prime loans likely to perform under a variety of economic conditions? What happens if there is sustained decline in home values or if the Federal Reserve Board continues to keep short rates tight? These issues and more will be discussed with projections generated by the First American LoanPerformance RiskModel. Using Real Estate Analytics for Enhanced Collateral Risk Management: Learn how new collateral risk tools based on public record real estate data are helping originators, servicers and Wall Street better assess the impact of the changing home price environment, ongoing valuation fraud and the presence of hidden liens on loan portfolios. Customer Marketing Intelligence: How can you leverage the most recent advances in analytics to surgically target movers and refinancers? Do you know where you will find your next customers? Learn how state-of-the-art loan-level prepayment scoring for cross-sell, acquisition and retention can create powerful “separation,” identifying which borrowers are most likely to prepay or move. The loan-level scoring system utilizes comprehensive public property record data, vast household-level demographic databases and sophisticated property valuation methodologies. 2007 First American LoanPerformance Symposium Schedule:
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All symposiums will be held from 8:30 a.m. to 12 p.m. and will be preceded by registration and a complimentary breakfast buffet beginning at 8 a.m. A complete agenda and location details are available at www.loanperformance.com/events/symposiums. Attendees can register online by selecting the appropriate link for the city of their choice. Note: No vendors or consultants can register without prior approval from First American LoanPerformance. Questions regarding the 2007 First American LoanPerformance Symposium Series can be emailed to symposiums@loanperformance.com or answered by phone at (415) 536-3508.
First American LoanPerformance is a subsidiary of First American Real Estate Solutions and a member of The First American Corporation (NYSE: FAF) family of companies. LoanPerformance’s databases track the delinquency and prepayment performance of 50 million active individual mortgage payments per month and provide loan-level information on more than $1.5 trillion in nonagency mortgage 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.firstamres.com.
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 Risk Mitigation and Business Solutions. With revenues of $8.1 billion in 2005, 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.
Media Contact:
David Schulz
Corporate Communications
The First American Corporation
(714) 250-3298
dschulz@firstam.com
Investor Contact:
Donna Dolan
Investor Relations
The First American Corporation
(714) 250-3677
dodolan@firstam.com
