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U.S. Lending Industry Meets Mortgage Process As a Service
• Cognizant Reports U.S. Lending Industry Meets Mortgage Process as a Service Executive Summary plan to wind down the GSEs and support the private The U.S. subprime mortgage crisis ended a sector’s efforts to become the dominant provider prolonged period of growth and prosperity within of mortgage credit is a positive sign. the housing industry. Rapidly increasing home prices and residential mortgage backed securi- In addition to the government’s proposed role, ties (RMBS) increased home lending. The housing it is clear that private investment will rely bubble burst, and with it, many private investors heavily upon improved risk management and and originators exited the housing finance market. clearer visibility and understanding of the risks Government-sponsored enterprises (GSEs), oper- within an investment pool prior to ramping up ating as government conservatorships, increased private investment efforts. their position within the housing finance market in an effort to stabilize the housing industry. The shift to a primarily private investor-driven market with clearer management and under- The GSEs have become the dominant players standing of risk is one of three primary factors in the mortgage market in the absence of pri- affecting the revitalization of the housing finance vate investment. Investors have been waiting for market. The role of government regulation in the direction from the U.S. Department of the Trea- housing market is the second factor affecting the sury regarding the future of the GSEs. In Febru- revitalization of the housing finance market. The ary 2011, a report to Congress from the Treasury February Treasury report provided insights into Department was released, which discussed a plan the gradual change within the GSEs. -
2018 Annual Report
Unlocking the power of data Annual Report 2018 Year ended 31 March 2018 Our purpose Data powers our world. By unlocking the power of data, we aim to create a better tomorrow for everyone. We turn data into information to help people and businesses make use of it and so they can seize opportunities. We shape ideas and develop world-changing products: We help thousands of businesses use the power of data and technology to source new customers, reduce risk, prevent fraud and make decisions more quickly and precisely. We help millions of people to learn about credit, access loans which are right for them and in so doing realise their ambitions. We constantly seek new ways to help people identify risks and tackle threats to data. We help hundreds of thousands of people to protect their identity. Used responsibly, data can transform businesses, help communities to prosper and people to thrive. This is the role we play. To download this Annual Report or our other corporate literature visit www.experianplc.com 01 Progress this year We aim to put consumers and our clients at the heart of what we Strategic report do. Our strategy takes account of this ambition, as well as emerging 02 Experian at a glance 04 Chairman’s statement market trends. 06 Chief Executive’s review 09 Investment case study 1 10 Key performance indicators This year, our Business-to-Business activities have performed 12 Infl uential market drivers strongly and we have made progress in Consumer Services. 14 Business model 18 Change to our reporting segments We also made signifi cant investments in new product innovation, 20 Our strategy 25 Our people and corporate responsibility delivered further improvements in effi ciency and productivity, and 37 North America are adopting advanced technologies to help transform our business. -
FIRST AMERICAN FINANCIAL CORPORATION (Exact Name of Registrant As Specified in Its Charter)
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2012 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34580 FIRST AMERICAN FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Incorporated in Delaware 26 -1911571 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1 First American Way, Santa Ana, California 92707 -5913 (Address of principal executive offices) (Zip Code) (714) 250-3000 (Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). -
Housing Finance Chartbook
HOUSING FINANCE POLICY CENTER HOUSING FINANCE AT A GLANCE A MONTHLY CHARTBOOK April 2020 1 ABOUT THE CHARTBOOK HOUSING FINANCE POLICY CENTER STAFF The Housing Finance Policy Center’s (HFPC) mission is to Laurie Goodman produce analyses and ideas that promote sound public Center Vice President policy, efficient markets, and access to economic Alanna McCargo opportunity in the area of housing finance. At A Glance, a Center Vice President monthly chartbook and data source for policymakers, academics, journalists, and others interested in the Jim Parrott government’s role in mortgage markets, is at the heart of Nonresident Fellow this mission. Jun Zhu Nonresident Fellow We welcome feedback from our readers on how we can make At A Glance a more useful publication. Please email Sheryl Pardo any comments or questions to [email protected]. Associate Director of Communications Karan Kaul To receive regular updates from the Housing Finance Senior Research Associate Policy Center, please visit here to sign up for our bi-weekly newsletter. Michael Neal Senior Research Associate Jung Choi Research Associate Sarah Strochak Research Analyst John Walsh Research Assistant Caitlin Young Research Assistant Alison Rincon Director, Center Operations CONTENTS Overview Market Size Overview Value of the US Residential Housing Market 6 Size of the US Residential Mortgage Market 6 Private Label Securities 7 Agency Mortgage-Backed Securities 7 Origination Volume and Composition First Lien Origination Volume & Share 8 Mortgage Origination Product Type Composition -
Fixing the Home Finance Market: HARP 2.0 Analysis
• Cognizant 20-20 Insights Fixing the Home Financing Market: HARP 2.0 Analysis, Observations and Comparisons Executive Summary program has had on the housing market. Per initial estimates, HARP 2.0 has the potential to The U.S. housing market has been on a decline add $350 billion to the mortgage originations for the past five years, and the resulting financial market over the next two years, thus providing crisis has engulfed the entire global economy. To refinance relief to about two million borrowers. tackle the vicious circle of falling home prices and foreclosures, the U.S. government launched While HARP 2.0 does not address distressed various programs aimed at reducing mortgage borrowers (who are addressed by other programs) defaults through a reduction of payments and and shadow inventory segments, nevertheless it short sale. While the low interest rate regime and is focused on market shortcomings that previous the correspondingly low mortgage rates make programs were unable to solve. This paper it more conducive for homeowners to refinance addresses the attributes and implementation of their mortgages, steadily declining home values HARP 2.0. have made most borrowers ineligible for such programs. The Home Affordable Refinance Background Program (HARP) 1.0, launched in 2009, did cater The U.S. Housing Market Decline to underwater homeowners, but not to a signifi- The U.S. housing market started off the millennium cant extent (e.g., loan-to-value ratios were limited strongly, buoyed in particular by the low interest to 125%). Additionally, high refinance charges, rate regime set by the U.S. -
2018 Annual Report Powering the Global Real Estate Economy
2018 ANNUAL REPORT POWERING THE GLOBAL REAL ESTATE ECONOMY Information is at the core of every smart business decision, driving strategy, solutions, growth and ultimately success. CoreLogic is the company financial services organizations, real estate professionals, insurance carriers and public sector entities turn to for unique perspective that directs action to help drive growth and solve business challenges, as well as formulate public policy. At CoreLogic, our mission is to empower our clients to make smarter decisions through data-driven insights. As a leading global property information, analytics and data-enabled solutions provider, our vision is to deliver unique property-level insights that connect and power the global real estate economy. To achieve this vision, we put our clients first, focusing on finding better ways to meet their needs, demonstrating ownership through initiative, accountability, respect, trust, and transparency. DEAR FELLOW STOCKHOLDERS: Over time, home ownership has represented an aspirational goal for many people and households and a powerful engine for national economies. In the U.S., the dream of home ownership and its advance across the country underpinned our extended, post-World War II economic boom. As in the past, residential property continues to represent a significant and critically important asset class in most developed countries. Despite the long-term growth in real estate values, shorter term economic and demographic cycles have periodically created disruptions. Within the past decade, the scope and pace of change in the residential real estate economy has accelerated, driven by many factors – especially advances in data, technology, demographics and public policy. Despite the great recession and its long-felt impacts on the U.S. -
Investor Day Presentation March 15, 2007
Investor Day Presentation March 15, 2007 AMERICA’S LARGEST PROVIDER OF BUSINESS INFORMATION THE FIRST AMERICAN CORPORATION Safe Harbor Statement Certain statements made in this presentation, including those relating to the Company’s strategies for success; long term strategic objectives; financial objectives; potential FARES profit distributions; stock repurchases; long term organic revenue growth goals; long term EPS growth goals; long term return on average allocated equity; core EPS growth goal; EPS growth with share repurchase goal; ongoing efforts to improve margins in the Company’s title insurance operations; pretax margin outlook for the Title and Other Services segment; three to five year objectives for the Company’s title insurance operations; three to five year revenue growth and pretax margin objectives for the title insurance and services segment; strategies across all business lines in the property information segment; margin improvement initiatives, competitive strategy and three to five year revenue growth and pre-tax margin objectives for the Company’s DataTree and DataTrace businesses; competitive strategy and three to five year revenue growth and pre-tax margin objectives for the Company’s collateral valuation business; First American CoreLogic’s competitive strategy, three to five year revenue growth and pre-tax margin objectives, product and loan quality strategies and primary growth opportunities; strategy in the Company’s default business; key operating and lender/servicer segment sales strategies in the Company’s