Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Carter Malloy – Stevens Inc.
Carter Malloy – Stevens Inc.
I realize your, and understand your reluctance to speak about the yield situation but can you talk about your relationship with First American and your comfort with them around their offer.
John Lamson
Our relationship with First American is essentially the same as it's always been. We've always had a good relationship with First American. And we're not going to make any comments on the offer.
Anand Nallathambi
Our relationship remains the same and we are very closely connected from the mortgage/credit perspective because we provide credit at the starting point of a lot of mortgage-related services that First American offers.
So it's a pretty good relationship, I would say.
Carter Malloy – Stevens Inc.
On your credit services, can you talk about the drivers behind the big jump in the direct-to-consumer.
Anand Nallathambi
We have had just a lot of good client sign ups and with our significant clients that we have third-party administrative services, we have had a lot of new projects, most of it centered on consumer ID protection and fraud management.
Carter Malloy – Stevens Inc.
You gave the growth rate. I'm not sure if I heard it on the mortgage-related. Volumes were up $4.8 million.
Anand Nallathambi
Obviously the first 6 months of the year has been a very good, it reflects what the high refinance activity and currently I think it's continuing, or it's basically essentially flat from where we were in June. So we are yet to see the resurgence because we are seeing the same reports that you are seeing about the surge in new home sales.
So the near term looks very good. Long term, we just don't know.
Carter Malloy – Stevens Inc.
But one could expect credit services to at least hold the line sequential.
Anand Nallathambi
Yes.
Carter Malloy – Stevens Inc.
Within your Data Services can you just talk about how big Legion is now that it has come back down significantly off the very high. And how much of that business that is significant can expect a sequential stabilization there.
John Lamson
I think we have seen stabilization in the business over the last couple of months, so I think what some of the run rates you see now and the whole regeneration business is about 65% of the data segment's revenue. And I think that's probably a fairly consistent rate, what we're seeing now.
- To read the full transcript on Seeking Alpha, click here »
