CoreLogic® Releases First Quarter 2012 Multifamily Applicant Risk Index Report

—First Quarter 2012 Continues to Show Improvement in Renter Credit Quality—

SANTA ANA, Calif., April 18, 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 first quarter 2012 multifamily applicant risk (MAR) index report. The first quarter MAR Index value increased one point from the fourth quarter 2011 and three points from a year ago, indicating an increase in national renter credit quality and slightly better applicant pool.

The MAR Index for first quarter 2012 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 evaluate their applicant credit quality trends against market based MAR Index trends. This comparison indicates the relative strength of their property portfolio to attract and secure applicants with higher credit quality and an increased likelihood of fulfilling lease obligations.

When comparing applicants for one- versus two-bedroom units, the first quarter 2012 MAR Index is slightly higher for one-bedroom units at 102, compared with 101 for two-bedroom units (see Graph 1).

Regionally, the South and Midwest reflected the lowest MAR Index, each with values of 98, a one point increase from the fourth quarter 2011. The Northeast continues to maintain the highest MAR Index with a value of 111 (see Table 1).

Table 1: Regional Multifamily Applicant Risk Index Data

Region

Q1 2012

Q4 2011

Change from Q4 2011 to Q1 2012

Q1 2011

Change from Q1 2011 to Q1 2012

Midwest

98

97

1

97

1

Northeast

111

110

1

110

1

South

98

97

1

95

3

West

107

107

0

104

3

U.S.

102

101

1

99

3

 

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