CoreLogic® Releases Fourth Quarter 2011 Multifamily Applicant Risk Index

—Fourth Quarter 2011 Index Up Three Points Year Over Year—

SANTA ANA, Calif., Jan. 25, 2012 — (PRNewswire) — CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today 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 a higher renter credit quality through the end of 2011.

The MAR Index for fourth quarter 2011 is based exclusively on applicant traffic credit quality scores from the CoreLogic SafeRent statistical lease screening model ( Registry ScorePLUS®) and is updated quarterly to provide property owners and managers with a benchmark against which to compare their portfolio's performance. With this unique applicant risk index, property managers and owners are able to compare their applicant credit quality trends with that of the average MAR Index trends. This comparison indicates whether their portfolio is performing above, below or at market levels with respect to attracting and securing applicants with higher credit quality and an increased likelihood of fulfilling their lease obligations.

When compared to fourth quarter of 2010, the MAR Index increased three points in overall national renter credit quality, indicating a slightly better applicant pool. When comparing applicants for one- versus two-bedroom units, the MAR Index is slightly higher for one-bedroom units at 101, compared with 100 for two-bedroom units in the fourth quarter (see Graph 1). The fourth quarter 2011 national MAR Index, which includes studios, one-, two-, three- and four-bedroom units (BR), was 101. This is a three point decrease in overall national renter credit quality from the third quarter value of 104, largely reflecting seasonal fluctuation typical of lower applicant traffic periods of first and fourth quarters.

Regionally, the South and Midwest had the lowest MAR Index with values of 97. The Northeast continues to have the highest MAR Index with a value of 110 (see Table 1).