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Tag Archives: CoreLogic

Appraisal Management Company (AMC) Shutting Down

Mortgage service provider CoreLogic is closing down its appraisal management company.  The business, which now faces more regulatory scrutiny, is in ongoing litigation over appraisals performed for Washington Mutual Bank.  The Santa Ana, Calif.-based company reported a $67 million loss during 2011, about the same as its 2010 loss. CoreLogic, which was divested from The First American Corp. in June ... Read More »

CoreLogic Q1 Revenues up by 13% – Stong Growth in Analytics

CoreLogic(CLGX), a provider of consumer credit information, analytics and business services, today reported financial results for the quarter ended March 31, 2012.  Revenues were up 13.2% to US$358.1 million largely fueled by double digit growth in its Data and Analytics and Mortgage Origination Segments.  Operating income from continuing operations up 70.2% to $45.2 million reflecting higher revenues and benefits from ... Read More »

CoreLogic® Introduces HARP 2.0 Refinance Data Services

CoreLogic, a provider of information, analytics and business services, announced a new service designed to help originators identify potential Home Affordable Refinance Program 2.0 (HARP 2.0) refinance prospects. The HARP 2.0 program was introduced in late 2011 to assist qualified underwater homeowners in refinancing their mortgages.  CoreLogic leverages a proprietary database, patented valuation technologies, comprehensive lien information and new patent-pending ... Read More »

CoreLogic To Expand Board

CoreLogic on Monday announced yet another attempt to appease activist shareholder Highfields Capital, only to have Highfields once again reject the steps.   It’s unhappy major shareholder Highfields has argued for a board shakeup, but said Monday that adding two members to a seven member board are only “cosmetic changes.” CoreLogic had decided last month after a strategic review not to ... Read More »

CoreLogic Q4 Net Loss Narrows

CoreLogic, Inc. (CLGX: News ) reported that its fourth-quarter net loss attributable to the company narrowed to $14.14 million or $0.13 per share, from $27.74 million or $0.24 per share in the same quarter last year.   Operating revenue for the quarter rose to $345.40 million from $315.37 million in the prior year quarter. The company reconfirmed its guidance for 2012.  ... Read More »

CoreLogic Fourth Quarter 2011 Multifamily Application Risk Index

CoreLogic (NYSE: CLGX – News), a provider of information, analytics and business services, announced that CoreLogic SafeRent®, provider of the nation’s leading suite of screening and risk management services designed for the multifamily housing industry, released its fourth quarter 2011 multifamily applicant risk (MAR) analytics. The fourth quarter MAR Index value increased three points from the previous two years showing ... Read More »

CoreLogic Upbeat on Full Year Outlook

CoreLogic® (NYSE:CLGX), a leading provider of consumer, financial and property information, analytics and services, today provided a market update on 2011 and 2012 financial guidance. “CoreLogic is exiting 2011 with strong momentum driven primarily by an upswing in mortgage origination volumes and successful execution of our Project 30 cost reduction plan. As a result, we expect CoreLogic to beat our ... Read More »

CoreLogic® has acquired privately-held Tarasoft, makers of the popular MLS system software Tarasoft Matrix®

Based in British Columbia, Canada, Tarasoft has steadily gained market share in the MLS (Multiple Listing) space since its inception in 1990, earning the respect of numerous real estate leaders throughout the United States and Canada. Offering outstanding performance and flexibility at every level, Tarasoft Matrix has become one of the premier MLS platforms worldwide. CoreLogic is a leading provider of ... Read More »

First American Drops CoreLogic Buyout Plan

Title insurer First American Financial Corp (FAF.N) said it was dropping its plan to acquire CoreLogic Inc (CLGX.N), barely two months after it offered to buy its former unit.  First American, which owns about 9 percent of CoreLogic, made the offer after the real estate data provider said it had hired boutique advisory firm Greenhill & Co to help explore ... Read More »