From: Lori Guyton [lguyton@cvic.com]
Sent: Wednesday, April 07, 2010 8:21 AM
To: Wasserman, Jim - Sacramento
Subject: Sacramento-Arden-Arcade-Roseville Real Estate News and Trends

First American CoreLogic Sacramento--Arden-Arcade--Roseville Housing Update

April 7, 2010	A real estate report by First American CoreLogic on home sales, price trends, and foreclosure activity

More information about First American CoreLogic can be found at www.facorelogic.com/newsroom/newsroom.jsp.

Contact: Lori Guyton · (901) 277.6066 · lguyton@cvic.com

FORECLOSURE ACTIVITY

Foreclosure Rates in Sacramento--Arden-Arcade--Roseville Increase

Foreclosure rates in Sacramento--Arden-Arcade--Roseville have increased for the month of February over the same period last year, according to First American CoreLogic.

According to newly released data from First American CoreLogic on foreclosures for the Sacramento--Arden-Arcade--Roseville area, the rate of foreclosures among outstanding mortgage loans is 3.63 percent for the month of February, an increase of 1.04 percentage points compared to February of 2009 when the rate was 2.59 percent.* Foreclosure activity in Sacramento--Arden-Arcade--Roseville is higher than the national foreclosure rate which was 3.17 percent for February 2010, representing a 0.46 percentage point difference.

Also in Sacramento--Arden-Arcade--Roseville, the mortgage delinquency rate has increased. According to First American CoreLogic data for February 2010, 12.30 percent of mortgage loans were 90 days or more delinquent compared to 8.06 percent for the same period last year, representing an increase of 4.24 percentage points.*

* Data and percentage point differences are rounded to the nearest tenth and may appear to affect calculations.

Location	90+ Day Delinquency Rate February 2010	90+ Day Delinquency Rate February 2009	Percentage Point Change in 90+ Day Delinquency Rate	Foreclosure Rate February 2010	Foreclosure Rate February 2009	Percentage Point Change in Foreclosure Rate	REO Rate February 2010	REO Rate February 2009	Percentage Point Change in REO Rate
California	11.68%	8.01%	3.67%	3.53%	2.52%	1.01%	0.77%	1.53%	-0.76%
Sacramento--Arden-Arcade--Roseville, CA	12.30%	8.06%	4.24%	3.63%	2.59%	1.04%	0.85%	1.34%	-0.49%
US	8.78%	5.75%	3.03%	3.17%	2.11%	1.07%	0.55%	0.77%	-0.22%

Source: First American CoreLogic.

Sacramento--Arden-Arcade--Roseville, CA	90+ Day Delinquency Rate	Foreclosure Rate	REO Rate
February 2010	12.30%	3.63%	0.85%
January 2010	11.84%	3.50%	0.88%
December 2009	11.38%	3.36%	0.92%
November 2009	11.27%	3.53%	0.91%
October 2009	10.95%	3.54%	0.89%
September 2009	10.60%	3.46%	0.91%
August 2009	10.08%	3.44%	0.80%
July 2009	9.51%	3.38%	0.80%
June 2009	9.31%	3.40%	0.93%
May 2009	9.01%	3.39%	0.87%
April 2009	8.62%	3.22%	0.87%
March 2009	8.16%	3.03%	0.94%
February 2009	8.06%	2.59%	1.34%
January 2009	7.64%	2.30%	1.41%

Source: First American CoreLogic.

Data Notes and Definitions

90+ Day Delinquency Rate: This measures the percentage of loans that are more than 90 days delinquent including those in foreclosure and REO (real estate owned).

Foreclosure Rate: This measures the percentage of loans in some stage of foreclosure including 90+ delinquencies through properties sold at auction.

This does not represent the number of new foreclosure filings as provided by other data companies, but rather the current stock, or inventory, of loans in the foreclosure process which offers a comprehensive view of foreclosure trends.

REO (Real Estate Owned) Rate: This measures the percentage of loans not sold at auction which are then returned to the lender.

Foreclosure data for First American CoreLogic is reported based on the actual number of active mortgage loans rather than the total number of households in a given area, which provides more accurate results by removing paid-in-full mortgages from the equation.

Source: First American CoreLogic. The data provided is for use only by the primary recipient or the primary recipient's publication. 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 First American CoreLogic. Any First American CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from First American CoreLogic, a real estate data and analytics company. 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 written permission of First American 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 FIRST AMERICAN CORELOGIC: First American CoreLogic, a member of The First American Corporation (NYSE:FAF) family of companies, is the largest source of U.S. real estate and mortgage data and analytics. More than 600,000 clients including lenders, investors, risk managers, servicers, real estate brokers, insurers, marketers and government agencies use First American CoreLogic information solutions to accurately value real estate, make underwriting, investment and marketing decisions, prevent fraud and assess risk. The data is sourced from public property and tax records, appraisals, lenders, servicers, bond issuers and trustees, and covers 99 percent of the U.S. population, 98 percent of all U.S. ZIP codes (3,085 counties), 97 percent of all residential properties (145 million), and includes over 70 million mortgage applications, 50 million first mortgages and home equity loans, and 96 percent of active non-agency mortgage securities. For more information about First American CoreLogi c visit www.facorelogic.com.