First American CoreLogic Inc. says federal government agencies can now purchase the company’s data through a single General Services Administration contract.
Many government agencies already buy First American CoreLogic’s information and analytics, the company said. But completing the GSA certification process makes the process more convenient, and provides shorter lead times and competitive pricing.
The five-year contract, which expires March 24, 2013, allows government agencies to buy products and services at pre-negotiated rates certified as "most favorable" by the GSA. Custom reports and high-volume batch services are also available.
First American CoreLogic claims its database covers more than 3,000 counties representing 99.1 percent of the U.S. population, with information on more than 43 million active mortgages and more than $2 trillion in loan-level, non-agency mortgage securities.
The company’s 600,000 users include the Federal Reserve, which on April 1 began providing searchable, dynamic maps that illustrate patterns of subprime and alt-A mortgage lending.
The maps reveal loans per 1,000 housing units, loans in foreclosure per 1,000 housing units, loans real estate-owned (REO) per 1,000 housing units, share of loans that are adjustable-rate mortgages (ARMs), share of loans for which payments are current, share of loans that are 90-plus-days delinquent, share of loans in foreclosure, median combined loan-to-value ratio (LTV) at origination, share of loans with low credit score (FICO) and high LTV at origination, share of loans with low or no documentation, share of ARMs with initial reset in the next 12 months, and share of loans with a late payment in the past 12 months.
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