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©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: FAF©2015 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: FAF First American Financial Corporation makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American Financial Corporation is a parent holding company that does business through its operating subsidiaries. First American and the eagle logo are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. The following presentation is for informational purposes only and is not and may not be construed as legal advice. First American Financial Corporation is not a law firm and does not offer legal services of any kind. No third party entity may rely upon anything contained herein when making legal and/or other determinations regarding title practices. You should consult with an attorney prior to embarking upon any specific course of action. A Return to Potential February, 2016

©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: FAF First American Economics Homeownership Potential

©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: #FirstAmEcon 3

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©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: #FirstAmEcon

©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: #FirstAmEcon

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©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: FAF First American Economics Homeownership and Wealth Creation

©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: #FirstAmEcon 11 Affluence Changes The Source of Wealth Homeownership Wealth as a Percentage of Total, (Homeowner Households) Source: Federal Reserve, Survey of Consumer Finances, 2013

©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: FAF First American Economics The Burden of Enlightenment

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©2016 First American Financial Corporation and/or its affiliates. All rights reserved.  NYSE: FAF First American’s Office of Economic Research #FirstAmEcon