The CoreLogic (CLGX) board of directors formed a committee and retained a financial adviser to consider a wide range of options for the future of the mortgage services firm, including a potential sale of the company. The data analytics and REO services provider spun off of First American Financial Corp. (FAF) in June 2010. The company said Monday it hired Greenhill & Co. to pursue possible actions going forward. CoreLogic stock jumped as high as $10 per share in after hours trading Monday after the announcement. CoreLogic was not specific. Cost savings initiatives, an evaluation of capital structure, possible repurchases of debt and common stock or combining businesses were all possibilities along with a sale. The company has been making moves recently. It recently purchased RP Data Limited and began aggressive cost-cutting maneuvers, but the company hinted challenges remain, which prompted the Greenhill hire. “While the company continues to make significant progress on these initiatives, in 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 adviser,” CoreLogic said. CoreLogic said there was no assurance any action would be taken. It reported net income of $31.5 million in the second quarter, up from $24 million one year ago. CoreLogic CEO Anand Nallathambi said in the earnings report that although the data and analytics business generated a steady profit, continued struggles in the housing market knocked down earnings on its origination and real estate services departments. “These effects, and lack of typical seasonality, negatively impacted our quarterly results on a year-over-year basis, and make us increasingly cautious in our outlook for the remainder of the year,” Nallathambi said at the time. Write to Jon Prior. Follow him on Twitter @JonAPrior.
Jon Prior was a reporter with HousingWire through late 2012.see full bio
Most Popular Articles
Latest Articles
What a 50-year-old letter says about accountability in homebuilding
Exactly 50 years ago this time of year, a 51-year-old man handwrote a four-page letter on a legal pad to his then 21-year-old son, one of seven children – six of them sons and one angel of a daughter – who was spending a semester studying in Dublin, Ireland. The letter’s narrative arc, now mostly […]
-
Four rules for underwriting secondary Texas markets in a slower cycle
-
ICE executives detail AI cybersecurity efforts through Project Glasswing
-
Home flipping slowed in early 2026 but investors saw returns tick up
-
Aging in place is reshaping housing demand — and most homes aren’t ready
-
Retirement plan participation reaches record high, but financial pressures persist
Jon Prior was a reporter with HousingWire through late 2012.see full bio