First American LoanPerformance Announces Availability of TrueStandings(R) Home Price Index
|October 2, 2007|
SAN FRANCISCO, --First American LoanPerformancehas unveiled its new TrueStandings Home Price Index (HPI) analytics solution, the most comprehensive source of real estate price trends for mortgage investment professionals, mortgage risk managers and analysts.
TrueStandings HPI incorporates more than 30 years of repeat sales transactions representing more than 45 million observations sourced from a vast property information database owned by its parent company, First American CoreLogic.
TrueStandings HPI provides a comprehensive set of monthly home price indices and median sales prices covering all states and the District of Columbia, 7373 zip codes, 956 Core Based Statistical Areas (CBSA) and 640 counties. In addition, TrueStandings HPI provides multi-tier market evaluation based on price, time between sales, property type and loan type (conforming vs. non-conforming.) With TrueStandings HPI, users can monitor real estate trends by market, identify at-risk markets as they unfold, selectively evaluate markets by tier and fine tune investment strategies.
"In this market, understanding local house price appreciation and depreciation trends is key to both risk management and mortgage investing decisions," said Dan Feshbach, president and chief executive officer of First American LoanPerformance.
"TrueStandings HPI is produced monthly with only a five week lag after month end, giving clients a more timely and accurate view of trends, as compared to quarterly indices. With roughly double the geographic coverage and more price tiers than its competitors, TrueStandings HPI leads the market in analytical breadth and precision," added Feshbach.
TrueStandings HPI is the first Web-based analysis platform providing instant access to real estate price trends in all the key local markets in the United States. TrueStandings HPI provides on-demand summary and detailed index data by time and state, county, CBSA and zip code. In addition, all TrueStandings HPI indices can be made available monthly for download via File Transfer Protocol. Sample reports are available at http://www.loanperformance.com/products/ts-hpi.aspx.
Source: The First American Corporation