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Q4 Economic Outlook featuring Sam Williamson

Complimentary Webinar

Original Air Date: October 16, 2025

In this edition of the popular Economic Outlook series, First American’s Sam Williamson provides the insights and perspective you need to make informed, strategic business decisions as we close out 2025 and prepare for what lies ahead in 2026.

Sam breaks down the latest economic developments, including the recent 0.25% interest rate cut, and explores how these shifts could impact your business. You'll also gain a deeper understanding of the key forces driving today’s housing supply and demand, and what to expect from the market in the months to come.

In this edition, you’ll receive:

  • An overview of inflation, unemployment and broader macroeconomic trends through the lens of Federal Reserve policy
  • Information on persistent supply constraints: low inventory levels and the mortgage lock-in effect
  • An understanding of the impact on rising supply on home price appreciation and affordability
  • A broader view of homeownership costs
  • And much more...

No matter your role in the real estate transaction, this quick-hit session is packed with actionable insights from one of the most respected voices in housing economics. Watch today.

Thank you to SoftPro for sponsoring this complimentary webinar.

 

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I want to help make complimentary webinars possible in the future, by sharing my name, title, company and state with the sponsor(s). Thank you for aiding October Research in complying with evolving privacy laws.

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Featured Speaker Moderator

Sam Williamson

Senior Economist
First American Financial Corp.

As senior economist for First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, Sam Williamson prepares analysis, commentary, and forecasts on trends in the residential real estate and mortgage markets.

Williamson conducts research around the economic factors that shape residential real estate markets, including demographic trends, housing affordability, and the dynamics of housing supply and demand. He specializes in applied econometric modeling, particularly spatial modeling techniques for analyzing land use dynamics for real estate markets. He monitors, analyzes and reports on economic data and surveys related to residential real estate, and develops models and forecasts to illuminate the underlying forces influencing residential real estate trends.

Prior to joining First American, Williamson served as an economist at the United States Department of Agriculture, where he helped safeguard the nation’s food supply and natural resources through rigorous regulatory and economic analysis. He holds a Master of Science degree in Agricultural and Resource Economics from the University of Maryland, specializing in land economics and agri-environmental policy, and is currently completing his Ph.D. in the same department. He also earned a Bachelor of Science in Business Administration with a specialization in economics from the University of Arkansas. Originally from Arkansas, he now lives and works in the Washington, D.C. area.

Leslie Wyatt

Director of Regulatory Compliance
SoftPro

Leslie Wyatt is the Director of Regulatory Compliance at SoftPro. She began her career in the real estate industry over 20 years ago, and joined SoftPro in 2002. She currently oversees the Compliance Department with her primary focus being on regulatory issues at the Federal, state and county levels.

Leslie is a member of the ALTA Implementation Task Force, the Title Action Network Steering Committee, the ALTA Government Affairs Committee, the ALTA Membership Committee, the ALTA Education Committee and the TLTA Federal Issues Committee. She has represented ALTA at a congressional briefing regarding the CFPB and the TRID changes. Leslie travels though out country speaking on our industry’s hot topics with a focus on regulatory and compliance. Leslie continuous to work with the CFPB on various projects regarding TRID, UCD, MISMO and other industry hot topics.


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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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