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Wendel Rosen LLP
October 2020 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Black Knight Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
CLTA's Education Committee is bringing industry experts together in order to bring CLTA members various on-demand educational topics to add to your educational toolbox. CLTA Titlecast is CLTA’s new on-demand educational audio and/or video podcast series brought to your computer or mobile phone ...
 
Bill Burding, Executive Vice President and General Counsel of Orange Coast Title Co. in Santa Ana, California, has been installed as President of the American Land Title Association for 2020-2021. In addition to his active role in ALTA, Burding has been a key participant in ...
 
Data Trace Union Bank
SACRAMENTO REPORT
Assembly Bill 831 deals with governmental approvals of modifications of ...; Assembly Bill 3182 addresses governing documents in the rental or leasing of ...; Assembly Bill 1561 extends the response time for California Native American tribes...; Assembly Bill 2345 revises the requirements and conditions for density bonuses ...; Assembly Bill 1885 Tincreases the homestead exemption ...
 
Senate Bill 1148 changes the notice of sale publication requirement and prohibits a fee ...; Senate Bill 1079 requires a notice of sale to contain a notice to a tenant regarding the tenant’s potential right ...; and Assembly Bill 3088. This act is entitled the Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020 ...
 
Governor Newsom has signed Assembly Bill 1281 (Chau), which extends two current exemptions within the California Consumer Privacy Act (CCPA) originally set to expire at the end of this year, through ...
 
Governor Signs New Paid Family Leave Law (SB 1383); COVID-19 Notice to Employees (AB 685); Governor Signs Bill on COVID-19 Workers Compensation Presumptions (SB 1159) ...
 
Petru Corporation First American SMS
INDUSTRY NEWS
In order to provide clearer rules of the road and promote a culture of compliance, the Consumer Financial Protection Bureau (CFPB) published guidance earlier this month in the form of Frequently Asked Questions (FAQs) ...
 
The California Department of Justice (Department) has issued a third set of proposed modifications made to the regulations regarding the California Consumer Privacy Act. The California Office Administrative Law ...
 
The Orogen Group (“Orogen”) and Westcor Land Title Insurance Company (“Westcor”) announced a definitive agreement last month in which Orogen will acquire a majority stake in Westcor, the nation’s largest privately-held ...
 
Black Knight announced the purchase of the privately held DocVerify last month without disclosing the terms of the transaction. The acquisition is intended to help accelerate Black Knight’s goal of digitizing real estate ...
 
On October 9th, Black Knight reported that the number of mortgages in active forbearance fell by 649K from the week prior. This was according to Black Knight's McDash Flash data. Mortgages in active forbearance fell ...
 
As a result of the upcoming demise of LIBOR, Ginnie Mae has worked to transition away from LIBOR while minimizing disruption to the MBS Program. To that end, Ginnie Mae announced restrictions on its pooling eligibility ...
 
United Wholesale Mortgage is taking the step to merge with a special purpose acquisition company (SPAC) Gores Holdings IV Inc. The planned transaction values the company at $16.1 billion. The deal is expected to ...
 
Housing Wire reported that California-based LoanDepot may go public later this year and could be worth between $12 billion and $15 billion in an IPO after Rocket Mortgage had a very successful IPO in August. A prior plan to ...
 
SoftPro
COURT CASES
Robin v. Crowell (F077325). The court held that a junior lienholder is not affected by the judicial foreclosure of a senior deed of trust, if the junior lien existed prior to the foreclosure and the junior lienholder was ...
 
 

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