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January 2025 In This Issue
CLTA NEWS
CAPITOL REPORT
INDUSTRY NEWS
MEMBER NEWS
COURT CASES
Old Republic Title Tech Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
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 ...
 
The latest CLTA membership eDirectory is fresh off the press and now available in digital form.
 
The CLTA is pleased to welcome a new underwritten title company as a Regular member of the association.  ...
 
Tax Solutions FIRPTA Consulting
CAPITOL REPORT
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. ...
 
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. ...
 
Petru Corporation Sinclair Braun Kargher LLP SoftPro
INDUSTRY NEWS
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 ...
 
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 ...
 
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. ...
 
The Federal Housing Administration (FHA) updated its requirements for reporting cyber incidents, aiming to provide clarity and align with requirements from other agencies. ...
 
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 ...
 
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. ...
 
MEMBER NEWS
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 ...
 
Naylor Association Solutions Naylor Association Solutions
COURT CASES
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 ...
 
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 ...
 
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) ...
 
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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