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Wendel Rosen LLP
CLTA eNews - February 2020 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Black Knight Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
The California Land Title Association's 113th Annual Convention is just around the corner. Please join us April 26-29, 2020 at the Park Hyatt Aviara in Carlsbad, California. This is a don't miss industry event! Registration is now available. ...
 
Register Now for CLTA's upcoming live webinar. Fraud - What Was Old is New Again, a 60-minute live webinar delivered right to your desktop. The webinar is scheduled for Thursday, March 19, 2020 from 10 a.m.-11 a.m. Participants requesting MCLE or PD will receive 1.0 CE credit for participating in the webinar. ...
 
CLTA President Dia Demmon and CLTA Executive Vice President Craig Page signed a joint letter to the CFPB as the Bureau currently assesses the existing Truth-in-Lending RESPA Integrated Disclosure (TRID) form. ...
 
Data Trace Union Bank
SACRAMENTO REPORT
California law excludes new construction from reassessment where real property has been damaged or destroyed by misfortune or calamity when there is a timely reconstruction of the real property ...
 
Every three years the California Judicial Council is required to adjust the amount of the exemptions applicable to property exempt from the enforcement of a money judgment based on the change in the ...
 
Existing law, the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) provides for the licensure and regulation of commercial cannabis activity by specified licensing entities ...
 
Petru Corporation First American SMS
INDUSTRY NEWS
The California Department of Justice (Department) has issued a notice of changes made to the proposed regulations regarding the California Consumer Privacy Act. The initial regulations were ...
 
ALTA has released the third set of discussion drafts of the proposed revisions to the standard ALTA 2006 Loan and Owner’s Title Insurance Policies. ALTA’s Title Insurance Forms Committee has been working ...
 
Fannie Mae’s Mortgage Fraud Program alerts the industry to potential and active mortgage fraud scenarios. In 2018, Fannie Mae posted three Fraud Alerts regarding apparently fictitious employers located ...
 
The California Department of Real Estate (DRE) recently issued its Winter Bulletin stating that it has received inquiries from its licensees, various industry groups, and members of the public about ...
 
The Federal Housing Finance Agency (FHFA) is requesting input on residential energy retrofitting programs financed through special state legislation enabling a “super-priority lien” over existing and ...
 
The Federal Housing Finance Agency announced additional steps Fannie Mae and Freddie Mac are taking as they transition from the London Interbank Offered Rate (LIBOR), the world's most widely used ...
 
First American Financial Corporation, the holding company for First American Title Insurance Company, has announced it has signed an agreement to acquire Docutech. Docutech provides document, eClose ...
 
Fidelity National Financial (FNF), the holding company for the Fidelity National Title Group, has announced that it is acquiring FGL Holding (also known as “F&G”) for $12.50 per share of common ...
 
The median price for a single-family home in California jumped 10% in December, the biggest year-over-year gain in more than four years, as low mortgage rates and a shortage of homes for sale ...
 
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) last week, showing that the 30-year fixed-rate mortgage (FRM) averaged 3.47 percent. “With mortgage rates hovering ...
 
SoftPro
COURT CASES
Gamerberg v. 3000 E. 11th Street, LLC. (B290755). The court held that an unrecorded irrevocable license does not survive a transfer of the property to a bona fide purchaser...
 
Williams v. 21st Mortgage Corporation (A153307). Defendant violated Civil Code Section 2924c(a) by foreclosing on plaintiff's home after demanding not only the approximately $3,000 of post-bankruptcy ...
 
Barefoot v. Jennings (S251574). The court held that if amendments to a revocable trust made before the settlor dies disinherit a beneficiary, that individual has standing to challenge the validity ...
 
 

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