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2024 Economic Forecast Series featuring Odeta Kushi

Complimentary Webinar

Original Air Date: May 8, 2024

The summer homebuying season is around the corner, but what type of market can you expect? First American Financial Corp.’s Odeta Kushi provides her expert insights on data related to the housing industry. She shares her analysis of the latest economic trends and what this could mean for your business.

Watch today to learn more about:

  • National macroeconomic trends
  • Housing inventory
  • Affordable and multi-family housing
  • The Federal Reserve and the trajectory of interest rates
  • Homebuyer demographics
  • And more...

Don’t miss this opportunity to hear the latest insights on the housing market.

Thank you to SoftPro for sponsoring this complimentary webinar.

 

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Featured Speaker

Odeta Kushi
Deputy Chief Economist
First American Financial Corporation

As deputy chief economist for First American Financial Corporation, a leading provider of title insurance, settlement services and risk solutions for real estate transactions, Odeta Kushi prepares analysis, commentary and forecasts on trends in the real estate and mortgage markets.

Kushi’s conducts research around demographic trends, millennials and homeownership. She also monitors and analyzes quarterly surveys and economic data related to the housing industry. Top national business media outlets, including CNBC, Yahoo! Finance and Reuters TV, turn to Kushi for insight and perspective on the forces shaping the housing industry. Her research has been published in leading business and industry trade publications, such as The Wall Street Journal, U.S. News and World Report, Business Insider, HousingWire and Inman News.

Kushi graduated from Northeastern University with a master’s degree in Applied Economics, specializing in microeconomics and applied econometric methods, and she earned a bachelor’s degree in Economics from St. John Fisher College, earning the title of Summa Cum Laude. While originally from Albania, she now lives and works in the Washington, D.C. area.


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12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
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