Third quarter net income from continuing operations totaled $31 million, down 14% from prior year. The decrease resulted primarily from the impacts of the legal settlement costs and lower U.S. mortgage market volumes discussed previously as well as higher interest costs, which more than offset the operating benefits discussed above. Diluted EPS from continuing operations totaled $0.36 for the third quarter of 2017 compared with $0.40 in 2016. Adjusted EPS totaled $0.72 compared with $0.73 in 2016.

Adjusted EBITDA totaled $139 million in the third quarter compared with $143 million in the same prior year period and $135 million in the second quarter of this year. The modest year-over-year decline in adjusted EBITDA was principally attributable to the estimated 25% decline in U.S. mortgage unit volumes which were largely offset by operating leverage and cost productivity program benefits. Adjusted EBITDA margin was 29%, up from 27% in the same prior year period. PI segment adjusted EBITDA totaled $72 million compared to $68 million in 2016 as the benefits of growth in insurance, spatial and international operations, significantly higher valuation solutions related margins and cost productivity initiatives more than offset lower mortgage market volumes. PI adjusted EBITDA margin rose approximately 400 basis points to 28% fueled primarily by revenue mix and higher valuation solutions margins. RMW adjusted EBITDA was $76 million, down 10% from 2016 levels, as market outperformance, pricing and new product growth and cost management partially offset the impacts of lower mortgage origination volumes. RMW adjusted EBITDA margin was 33%, down approximately 100 basis points year-over-year. RMW margins were up approximately 100 basis points compared with the second quarter of 2017.

Liquidity and Capital Resources

In June 2017, the Company acquired a 45% stake in Mercury Network for $70 million which was funded through available capacity on its revolving credit facility. In August 2017, the Company closed the acquisition of the remaining 55% of Mercury Network for $83 million which was funded by cash on hand and through available capacity on the revolving credit facility. Mercury Network is a technology company headquartered in Oklahoma City, providing software used by more than 800 small and medium-sized mortgage lenders and appraisal management companies to manage their collateral valuation operations.

In August 2017, the Company completed an amendment of its senior secured credit facility which increased borrowing capacity by more than $500 million, and extended tenor by 28 months to August 2022. Upon closing, the Company’s amended senior secured credit facility consisted of $1,800 million of outstanding term loans and a $700 million revolving credit facility.

At September 30, 2017, the Company had cash and cash equivalents of $149 million compared with $72 million at December 31, 2016. Total debt as of September 30, 2017 was $1,822 million compared with $1,619 million as of December 31, 2016. As of September 30, 2017, the Company had available capacity on its revolving credit facility of $700 million.

Net operating cash provided by continuing operations for the twelve months ended September 30, 2017 was $365.4 million. Free cash flow (FCF) for the twelve months ended September 30, 2017 totaled $293 million which represented 61% of adjusted EBITDA. FCF is defined as net cash provided by continuing operating activities less capital expenditures for purchases of property and equipment, capitalized data and other intangible assets.

During the third quarter, CoreLogic repurchased 2 million of its common shares for $92 million. Year-to-date, the Company has repurchased 3 million or about 4% of our common shares for $132 million, and has increased its full year stock repurchase target by 10% to 3.65 million shares.

Teleconference/Webcast

CoreLogic management will host a live webcast and conference call on Thursday, October 26, 2017, at 8:00 a.m. Pacific time (11:00 a.m. Eastern Time) to discuss these results. All interested parties are invited to listen to the event via webcast on the CoreLogic website at http://investor.corelogic.com. Alternatively, participants may use the following dial-in numbers: 1-844-861-5502 for U.S./Canada callers or 1-412-858-4604 for international callers.

Additional detail on the Company's third quarter results is included in the quarterly financial supplement, available on the Investor Relations page at http://investor.corelogic.com.

A replay of the webcast will be available on the CoreLogic investor website for 10 days and also through the conference call number 1-877-344-7529 for U.S. participants, 855-669-9658 for Canada participants or 1-412-317-0088 for international participants using Conference ID 10112615.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The Company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed solutions. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit  www.corelogic.com .