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Lower application volume cuts CoreLogic’s net income by 54%

Application activity increases, led by uptick in refis

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CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today reported financial results for the quarter ended september 30, 2018. Operating and financial highlights for the third quarter.

Net income from continuing operations decreased $8 million to $23 million after reflecting a $13 million one-time transition tax for certain foreign earnings in connection with the Tax Cuts and.

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Lower application volume cuts corelogic’s net income by 54% New-home sales declined more than forecast in December Even with slowing economy, Fannie Mae forecasts rising mortgage volume

Operating profit margin declines were primarily driven by lower traditional RTL volume. Other income was $0.5 million, versus a $0.1 million expense. The Company`s income tax expense was $43.1.

Lower application volume cuts CoreLogic’s net income by 54% New-home sales declined more than forecast in December Even with slowing economy, Fannie Mae forecasts rising mortgage volume

CoreLogic’s net income down by 54% compared with one year ago – 20% decline in mortgage loans

This compares to total net income of $58 million or $0.23 per diluted share for the fourth quarter of 2018. Broadly speaking, most of the sequential decline in income was the result of lower product ..

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