ROCKVILLE, MD - June 5, 2003 - Registry-SafeRent, the leading provider of online resident screening, information management, and reporting services for the multifamily housing industry, today announced that RegistryTLC, an innovative renters insurance program developed specifically for the multifamily community and offered by Registry-SafeRent's affiliated insurance agency, is now available on both the First American Registry and SafeRent Internet platforms.

RegistryTLC is designed to solve the problem of low participation among residents, who frequently do not carry renters insurance despite lease requirements in many areas of the country. Property owners are often forced to pay for resident-caused property damage out of their own pockets or incur the cost of higher liability premiums to cover the risk created by uninsured renters. RegistryTLC addresses this issue by positioning property owners to cover their residents under simplified master policies in most states, with affordable premiums that may be paid by the residents.

"The financial benefits of RegistryTLC are compelling for owners and residents," said Nevel DeHart, Executive Vice President, Registry-SafeRent. "Although liability is something that residents don't like to think about, they are usually responsible for property damage and injuries that occur in and around their apartments. The financial and credit implications can be devastating for individuals without appropriate coverage. And, if a resident is unable to pay, the property owner gets stuck with the bill. RegistryTLC provides a simple, convenient way for those responsible for the damage to actually pay for it."

Residents of participating communities are automatically eligible, and enrollment can be completed instantly. For property managers, RegistryTLC features a comprehensive implementation program including support materials, educational information and the easiest online enrollment available. With point-and-click simplicity, they may add and remove residents from the program, monitor payment status, and even track renters policies issued by outside providers to be sure that coverage has not lapsed. Seamlessly integrated with Registry-SafeRent's resident screening Web sites, RegistryTLC allows property managers to enroll residents using familiar tools, and without dual entry of information.

"RegistryTLC provides the complete solution to maximize participation. This will result in reduced exposure and can help communities become more profitable," said DeHart. "It is the first renters insurance program to deliver the tools and implementation focus to provide a sustainable win-win for owners and residents. A simple process for enrollment, combined with extensive control to keep residents covered helps owners gain more control over their insurance situations. For their part, residents do not have to worry that simple household accidents could ruin them financially, and they have the peace of mind of knowing their neighbors are covered as well. RegistryTLC provides a creative, effective solution to a long-term industry problem."

About RegistryTLC
RegistryTLC provides up to $25,000 in liability coverage for each participating resident with no deductible. Monthly premiums start at $9 per resident. Optional contents coverage is available for personal items. RegistryTLC policies are issued and serviced by First American Property & Casualty Insurance Company, which has earned an "A" (excellent) rating by A. M. Best.

About Registry-SafeRent
Registry-SafeRent is the leading provider of online resident screening, information management, and reporting services for the multifamily housing industry. Registry-SafeRent enables property managers and owners to make smart and consistent leasing decisions using the industry's only outcomes-based statistical models. Registry-SafeRent also provides criminal record searches andlandlord/tenant court record searches.

Registry-SafeRent serves more than 30,000 properties and five million units. First American Registry, Inc., SafeRent, Inc. and First American Property & Casualty are members of The First American Family of Companies. First American Corporation (NYSE:FAF) is a $4.7 billion, Fortune 500 financial services firm that has provided reliable business solutions to the housing industry for more than 100 years.