CoreLogic Board Exploring Possible Sale of Company

""CoreLogic's"":http://www.corelogic.com board of directors is looking into various strategies to enhance shareholder value, including the possibility of selling the company.

[IMAGE]

CoreLogic said Monday that its board has formed a committee of independent directors to explore a wide range of options to improve the position of its shareholders, which could take the form of cost savings initiatives, repurchases of debt and common stock, the disposition of certain business lines, or the potential sale of the company or a strategic business merger.

The board has retained ""Greenhill & Co."":http://www.greenhill.com, an independent investment banking firm focused on mergers and acquisitions, and financial restructuring, to assist the committee in its evaluation.

[COLUMN_BREAK]

""[I]n light of the challenging economic environment and current market conditions, the board has determined to look more closely at a range of alternatives with the assistance of a financial advisor,"" CoreLogic said in a statement.

CoreLogic is considered one of the mortgage industry's foremost data and analytics providers. Its studies, covering such issues as negative equity and mortgage fraud, are regularly cited in both trade publications and mainstream media, and utilized by economists, market analysts, and members of the academic world.

But on August 4th, company officials lowered their projections for the remainder of the year, with earnings per share expected to come in between 60 and 65 cents. Analysts were anticipating something more in the range of $1.00 per share. Since then, CoreLogic's stock value has dropped nearly 40 percent.

CEO Anand Nallathambi told investors at the time, ""Obviously, these results and the reduction in guidance are below expectations of our management team and the board, but we are taking the necessary significant steps to position the company for improved performance.""

CoreLogic said in its statement Monday that there is no assurance the board's evaluation will result in any particular transactions.

CoreLogic is headquartered in Santa Ana, California, with more than 6,500 employees globally.