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January 2025
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In This Issue |
CLTA NEWS
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CAPITOL REPORT
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INDUSTRY NEWS
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MEMBER NEWS
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COURT CASES
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The California Land Title Association's 118th Annual Convention will be held from June 1-3, 2025, at Everline Resort in Olympic Valley, California. This event is the premier gathering for the California title industry, focusing on ...
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The latest CLTA membership eDirectory is fresh off the press and now available in digital form.
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The CLTA is pleased to welcome a new underwritten title company as a Regular member of the association. ...
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Often, when a legislator wants to address a specific issue, they will start out by introducing an “intent” bill or “spot” bill designed to serve as a placeholder for future amendments. ...
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Governor Newsom’s 2025-26 Budget Summary proposes creation of a California Housing and Homelessness Agency and a California Consumer Protection Agency, using the formal governmental reorganization process. ...
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In response to a request for comment, CLTA earlier this month submitted a comment letter to the Financial Crimes Enforcement Network (FinCEN). FinCEN was seeking comments relating to the data fields proposed for use with the ...
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The Consumer Financial Protection Bureau (CFPB) finalized a rule mandated by Congress that applies existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for ...
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In its Equitable Housing Finance Plan for 2025-2027, Fannie Mae laid out its expectations for the Federal Housing Finance Agency’s (FHFA) Title Acceptance pilot, which will launch in 2025 and last for 18 months. ...
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The Federal Housing Administration (FHA) updated its requirements for reporting cyber incidents, aiming to provide clarity and align with requirements from other agencies. ...
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The results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released last Thursday show the 30-year fixed-rate mortgage (FRM) averaged 7.04 percent. The survey is focused on convention, conforming, fully amortizing ...
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The title insurance industry generated $4.3 billion in title insurance premiums during the third quarter of 2024, according to ALTA’s latest Market Share Analysis. This is up 5.3% compared to the same period during 2023. ...
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Rocket Companies announced a re-brand designed to put all the company's services under the "Rocket" brand. According to Rocket, the re-brand will include a campaign during the Super Bowl. The name changes include ...
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JCCrandall, LLC v. County of Santa Barbara. Cal.App. 2nd Dist. (B333201) 1/3/25. The only access to property used for cannabis cultivation was by way of an easement over plaintiff's property. The court held that under federal ...
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Schneider v. Lane. Cal.App. 3rd Dist. (C097818) 12/2/24 (Mod. opinion filed 1/2/25). The court held that Civil Code Section 845 requires the dominant tenement owner to maintain the easement in good repair but does not obligate ...
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Reese v. Select Portfolio Servicing. Cal.App. 1st Dist. (A167637) 12/19/24 (Cert. for Pub. 1/8/25). Plaintiff Jeanie Reese, acting as conservator for Leoma Musil, filed a lawsuit against Select Portfolio Servicing, Inc. (SPS) ...
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Newell v. Superior Court. Cal.App 2nd Dist. (B339383) 12/20/24. TRUSTS: The court held that a petition by a former trustee of a living trust to set aside the settlor's amendment appointing his caregiver as trustee contained a real ...
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