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Wendel, Rosen, Black & Dean LLP
CLTA eNews - September 2017 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
Register Now!  CLTA is pleased to offer:  Lender's Conditions & Instructions to Title & Escrow: Pitfalls and Hidden Gems, a 1.5-hour live-webinar tomorrow, Wednesday, September 20, 2017 from 10:00am - 11:30am.  [1.5 CE credit.]  Don't delay...Register Today!
 
The CLTA is pleased to welcome a new title insurance company as a Regular member of the association, as approved by the CLTA Executive Committee on July 18, 2017. American Guaranty Title Insurance Company, which is headquartered in Minneapolis, MN ...
 
CLTA's 111th Annual Convention is scheduled to be held April 22-24, 2018 at the beautiful Ojai Valley Inn.  Please mark your calendar and join us next year at this premiere industry event!
 
Data Trace Union Bank
SACRAMENTO REPORT
The California State Assembly passed the core components of a legislative package designed to address California’s affordable housing crisis in a close vote late Thursday evening. The package included ...
 
Legislation supported by Governor Brown will enact new PACE financing regulatory provisions under the California Finance Lenders Law and have specific requirements for persons soliciting ...
 
A business coalition led by the Civil Justice Association of California and including the CLTA was successful in blocking the passage of AB 814 (Bloom) in the final days of session. AB 814 would ...
 
Senate Bill 50 (Allen) was sent to the Governor in the legislative session's waning days. As mentioned in a prior enews article, the bill makes any transfer of federal lands void ab initio unless the State Lands Commission waives its first right of refusal. ...
 
Petru Corporation RynohLive
INDUSTRY NEWS
On August 22nd the Financial Crimes Enforcement Network (FinCEN) announced the issuance of revised Geographic Targeting Orders (GTOs) effective September 22, 2017. In a change that impacts California title companies, the new GTO also added ...
 
The Property Records Industry Association (PRIA) recently reported that there are now 1,700 recording jurisdictions electronically recording (eRecording) documents and 80 percent of the ...
 
The Department of Housing and Urban Development (HUD) announced new rules for government-backed reverse mortgages that adjust premiums and impose new lending limits ...
 
California home loan closings for millennial borrowers averaged 37 days in July according to the Ellie Mae Millennial Tracker. The average across the nation was 44 days. While California's ...
 
Freddie Mac reported that the 30-year mortgage rate remained unchanged last week at 3.78 percent, although, following a sharp decline the week prior, the 10-year Treasury yield rose 11 ...
 
The California title insurance industry generated over $827 million in title insurance premiums during the first half of 2017. Total premiums for the first half of the year were $7.014 billion. California placed ...
 
Q. Small, cozy homes from a storybook.  Charming leaded windows and decorative walkways. Think lots of flowers and Carmel-by-the-sea. Hobbits are known to live in these homes. ...
 
SoftPro
COURT CASES
BRE DDR BR Whittword CA v. Farmers & Merchants Bank of Long Beach (B272168).  After a shopping center tenant defaulted on a loan secured by a deed of trust, the lender foreclosed and took possession of the premises, then transferred the leasehold interest to a ...
 
Hovannisian v. First American Title Insurance Company (F072789).  Plaintiffs purchased property from Wells Fargo Bank at a nonjudicial foreclosure sale and later discovered there was a prior deed of trust on the property that had not been extinguished by the ...
 
The California Supreme Court declined to hear an appeal in the case of Nautilus, Inc. v. Urban Financial Group, Inc., where a money judgment was given priority over a prior recorded deed of ...
 
 

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