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Media Contacts Below N E W C O R E L O G I C D A T A SH O WS SL I G H T D E C R E ASE I N N E G A T I V E E Q U I T Y New Analysis Highlights The Role Of Home Equity Extraction In Negative Equity Risk SA N T A A N A, C alif., June 7, 2011CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released negative equity data showing that 10.9 million, or 22.7 percent, of all residential properties with a mortgage were in negative equity at the end of the first quarter of 2011, down slightly from 11.1 million, or 23.1 percent, in the fourth quarter. An additional 2.4 million borrowers had less than five percent equity, referred to as near-negative equity, in the first quarter. Together, negative equity and near-negative equity mortgages accounted for 27.7 percent of all residential properties with a mortgage nationwide. In the fourth quarter, these two categories stood at 27.9 percent. Negativeequity,oftenreferredtoasunderwaterorupsidedown,meansthatborrowersowemore on their mortgages than their homes are worth. Negative equity can occur because of a decline in value, an increase in mortgage debt or a combination of both. Data Highlights Nevada had the highest negative equity percentage with 63 percent of all mortgaged properties underwater, followed by Arizona (50 percent), Florida (46 percent), Michigan (36 percent) and California (31 percent). The negative equity share in the top 5 states was 39 percent, down from 40 percent in the fourth quarter. Excluding the top 5 states, the negative equity share was 16 percent in the current and previous quarter. Although the slight decline in the national negative equity share was primarily due to slight improvements in the hardest hit states, which include Nevada (-2.7 percentage points), Arizona (1.3 percentage points) and Florida (-1.3 percentage points), the majority of states either remained unchanged or had minor increases. Las Vegas led the nation with a 66 percent negative equity share, followed by Stockton (56 percent), Phoenix (55 percent), Modesto (55 percent) and Reno (54 percent). Outside metropolitan areas in the top 5 negative equity states, the metropolitan markets with the highest negative equity shares include Greeley, CO (38 percent), Boise (36 percent), and Atlanta (35 percent).

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While the average negative equity borrower was upside down by $65,000, there were wide disparities by state (Figure 3). New York borrowers were upside down by an average of $129,000, the highest average in the nation, followed by other high housing cost states: Massachusetts ($120,000),Connecticut($111,000),Hawaii($98,000)andCalifornia($93,000).Ohiosnegative equity borrowers were upside down by $31,000, the lowest average in the nation, followed by Indiana ($34,000) and Minnesota ($38,000). Not only was the decline in prices a clear force driving negative equity, but borrower equity extraction also significantly increased the risk of a negative equity position. While only 18 percent of borrowers with no home equity loans were underwater at the end of the first quarter, 38 percent of borrowers with home equity loans were in a negative equity position. Over 40 percent (4.5 million) of all negative equity borrowers have home equity loans. While borrowers with positive equity averaged 1.2 loans per property (Figure 4), this incidence rises to 1.6 loans per property for negative equity borrowers and it continues to rise the deeper the property is underwater. Not only does the incidence of home equity loans raise the probability of a negative equity position, but it also raises the severity of that position. A negative equity borrower without home equity loans is upside down by an average of $52,000, versus an upside down average of $83,000 for a negative equity borrower with home equity. The default rate generally rises as the current combined loan-to-value ratio (CLTV) increases; however there are differences between default rates for negative equity borrowers with home equity loans vs. those without (Figure 5). At moderate levels of negative equity (up to 115 percent CLTV), the default rate for borrowers with home equity loans is slightly higher than those without. However, for those with severe negative equity (115 percent CLTV and above), the relationship reverses and the default rates for mortgage loans without home equity perform slightly worse. Many borrowers in negative equity are still able and willing to make their mortgage payments. Those in negative equity and impacted by an income shock of some kind, such as a job loss, divorce, or death, are much more likely to be at risk of foreclosure or a short sale. The current economic indicators point to slow yet positive economic growth, which will slowly reduce the risk of borrowers experiencing incomeshocks,saidMarkFleming,chiefeconomistwithCoreLogic.Yettheexistenceofnegative equity for the foreseeable future will weigh on the housing market recovery by holding back sale and refinance activity.

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Q1 2011 Negative Equity by State*

Properties With a Mortgage Outstanding Negative Equity Mortgages 35,964 7,129 652,373 24,614 2,107,984 229,161 105,851 25,696 2,021,868 487,118 22,403 59,335 483,517 66,654 31,077 30,755 24,808 NA NA 321,374 230,467 496,403 91,811 NA 122,200 9,187 20,537 358,241 40,361 304,871 32,538 114,899 171,910 3,469 482,048 27,050 119,533 137,080 48,507 93,104 NA 137,371 335,446 100,041 NA 291,349 238,476 14,639 NA 92,640 NA 10,905,978 Near** Negative Equity Mortgages 19,666 4,933 62,366 14,055 313,040 90,092 30,760 9,087 180,184 117,650 7,498 12,342 111,048 28,141 15,049 15,603 13,455 NA NA 67,823 52,789 74,834 29,657 NA 44,078 4,180 13,447 27,381 11,991 81,079 11,581 41,021 104,494 1,297 139,284 18,766 40,147 63,960 8,567 39,675 NA 69,703 177,410 30,130 NA 76,348 81,260 4,413 NA 32,305 NA 2,409,767 Near** Negative Negative Equity Share Equity Share 10.3% 7.6% 49.6% 10.1% 30.9% 20.2% 12.9% 14.1% 46.1% 30.4% 9.9% 24.2% 21.7% 10.9% 8.8% 10.3% 8.7% NA NA 23.8% 15.4% 36.0% 16.1% NA 15.7% 8.0% 9.3% 62.6% 18.7% 16.2% 13.4% 6.2% 11.2% 6.9% 21.9% 6.5% 17.2% 7.5% 21.2% 15.2% NA 14.1% 10.1% 21.2% NA 23.1% 16.9% 14.7% NA 14.5% NA 22.7% 5.7% 5.3% 4.7% 5.8% 4.6% 7.9% 3.7% 5.0% 4.1% 7.3% 3.3% 5.0% 5.0% 4.6% 4.2% 5.2% 4.7% NA NA 5.0% 3.5% 5.4% 5.2% NA 5.7% 3.7% 6.1% 4.8% 5.6% 4.3% 4.8% 2.2% 6.8% 2.6% 6.3% 4.5% 5.8% 3.5% 3.7% 6.5% NA 7.2% 5.4% 6.4% NA 6.0% 5.8% 4.4% NA 5.0% NA 5.0% $ Outstanding

STATE Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington, DC West Virginia Wisconsin Wyoming US

Mortgages 347,612 93,313 1,316,419 243,134 6,830,925 1,135,929 820,389 181,642 4,387,148 1,604,759 226,977 244,830 2,231,895 614,145 354,621 297,885 284,612 NA NA 1,352,541 1,493,618 1,378,669 570,225 NA 776,453 114,465 221,534 572,139 215,692 1,885,017 242,811 1,857,196 1,540,349 50,040 2,198,069 413,196 696,142 1,817,020 228,964 611,936 NA 973,697 3,307,047 472,814 NA 1,263,634 1,412,110 99,566 NA 640,224 NA 48,012,368

Total Property Value 65,937,651,261 25,377,580,928 249,381,185,692 38,629,718,662 2,808,694,191,297 304,290,857,857 288,819,251,105 47,330,977,050 814,313,118,708 309,734,676,800 118,613,164,313 48,415,147,434 515,741,486,951 93,145,355,452 53,802,718,936 53,531,434,137 48,383,033,681 NA NA 419,945,901,353 538,100,080,463 196,362,579,091 126,590,024,340 NA 135,906,541,909 28,461,561,757 35,124,725,663 100,734,349,052 52,161,191,417 665,115,435,118 55,600,736,192 831,028,940,776 315,471,929,178 8,678,505,998 314,345,087,077 60,027,999,009 175,071,730,159 398,060,169,443 63,102,016,184 131,338,046,542 NA 166,906,763,150 609,632,665,235 113,960,084,825 NA 414,110,987,255 429,103,195,630 48,301,287,452 NA 120,980,473,290 NA

Mortgage Debt Outstanding 44,430,793,363 16,715,319,378 233,458,024,368 27,903,493,009 1,969,859,209,928 218,385,386,174 171,817,291,549 31,450,102,049 723,387,275,913 250,288,332,878 64,094,639,157 35,151,053,034 372,358,790,528 64,556,946,663 35,988,834,099 37,577,265,504 32,761,263,989 NA NA 294,295,573,091 327,652,799,928 165,369,830,671 83,776,578,479 NA 97,440,037,984 17,209,902,399 25,528,587,251 115,526,819,917 36,538,108,818 414,363,076,869 37,440,529,329 402,504,391,791 224,344,910,099 5,259,281,872 237,419,244,061 42,970,098,215 121,941,948,546 241,318,288,015 39,606,928,661 93,179,301,100 NA 119,009,956,279 416,765,892,435 83,482,887,312 NA 293,214,942,345 291,720,399,771 28,333,913,140 NA 82,861,861,847 NA

Net Homeowner Equity 21,506,857,898 8,662,261,550 15,923,161,324 10,726,225,653 838,834,981,369 85,905,471,683 117,001,959,556 15,880,875,001 90,925,842,795 59,446,343,922 54,518,525,156 13,264,094,400 143,382,696,423 28,588,408,789 17,813,884,837 15,954,168,633 15,621,769,692 NA NA 125,650,328,262 210,447,280,535 30,992,748,420 42,813,445,861 NA 38,466,503,925 11,251,659,358 9,596,138,412 -14,792,470,865 15,623,082,599 250,752,358,249 18,160,206,863 428,524,548,985 91,127,019,079 3,419,224,126 76,925,843,016 17,057,900,794 53,129,781,613 156,741,881,428 23,495,087,523 38,158,745,442 NA 47,896,806,871 192,866,772,800 30,477,197,513 NA 120,896,044,910 137,382,795,859 19,967,374,312 NA 38,118,611,443 NA

Loan-to-Value Ratio 67.4% 65.9% 93.6% 72.2% 70.1% 71.8% 59.5% 66.4% 88.8% 80.8% 54.0% 72.6% 72.2% 69.3% 66.9% 70.2% 67.7% NA NA 70.1% 60.9% 84.2% 66.2% NA 71.7% 60.5% 72.7% 114.7% 70.0% 62.3% 67.3% 48.4% 71.1% 60.6% 75.5% 71.6% 69.7% 60.6% 62.8% 70.9% NA 71.3% 68.4% 73.3% NA 70.8% 68.0% 58.7% NA 68.5% NA 69.7%

12,516,760,346,091 8,724,373,363,720 3,792,386,982,371

*This data only includes properties with a mortgage. Non-mortgaged properties are by definition not included. ** Defined as properties in negative equity or within 5% of being in a negative equity position.

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Methodology: CoreLogic data includes 48 million properties with a mortgage, which accounts for over 85 percent of all mortgages in the U.S.** CoreLogic used its public record data as the source of the mortgage debt outstanding (MDO) and it includes first mortgage liens and junior mortgage liens and is adjusted for amortization and home equity utilization in order to capture the true level of mortgage debt outstanding for each property. The current value was estimated by using the CoreLogic Automated Valuation Models (AVM) for residential properties. The data was filtered to include only properties valued between $30,000 and $30 million because AVM accuracy tends to quickly worsen outside of this value range. The amount of equity for each property was determined by subtractingthepropertysestimatedcurrent value from the mortgage debt outstanding. If the mortgage debt was greater than the estimated value, then the property is in a negative equity position. The data was created at the property level and aggregated to higher levels of geography. ** Only data for mortgaged residential properties that have an AVM value is presented. There are several states where the public record, AVM or mortgage coverage is thin. Although coverage is thin, these states account for fewer than 5 percent of the total population of the U.S. Source: CoreLogic. The data provided is for use only by the primary recipient or the primary recipient's publication or broadcast. This data may not be re-sold, republished or licensed to any other source, including publications and sources owned by the primary recipient's parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a real estate data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data is illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or web site. For questions, analysis or interpretation of the data contact Lori Guyton at lguyton@cvic.com or Bill Campbell at bill@campbelllewis.com. Data provided may not be modified without the prior

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written permission of CoreLogic. Do not use the data in any unlawful manner. This data is compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

About CoreLogic CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com. CoreLogic is a registered trademark of CoreLogic. ### Media Contacts: For real estate industry and trade media: Bill Campbell bill@campbelllewis.com (212) 995.8057 (office) (917) 328.6539 (mobile) For general news media: Lori Guyton lguyton@crosbyvolmer.com (901) 277.6066