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Wendel Rosen LLP
December 2020 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Black Knight Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
CLTA’s Titlecast program, a don’t miss educational offering of on-demand podcast episodes brought to you by the top title experts in California! CLTA is in the process of building its Titlecast library and will be adding new episodes monthly. Listen Now! New sponsorships are available. Sponsor Now to have your company recognized by CLTA’s important audience.
 
CLTA recently released Episode 6 of CLTA Titlecast, Loan Slamming & Suspicious Releases, the third and final part in a three-part series on Fraud. CLTA Titlecast ...
 
CLTA is pleased to release its latest CLTA Titlecast (Episode 7), Bankruptcy – Types and Common Underwriting Issues. CLTA Titlecast episodes are on-demand educational audio/video podcasts FREE to ...
 
Data Trace Union Bank
SACRAMENTO REPORT
California’s Legislature reconvened for the 2021-22 legislative session last week, and saw lawmakers introduce 95 Assembly Bills and 68 Senate Bills on the ...
 
As reported in the November eNews as the most likely outcome, California Republicans lost two Senate seats, giving the Democrats a 31-9 advantage in the upper ...
 
Proposition 19, passed by California voters in November, changes the property tax assessment law to limit property tax benefits for intra-family transfers. Californians who ...
 
A poll of voters taken just before the election by the Berkeley Institute of Governmental Studies (IGS) revealed that by a nearly five-to-one margin (78% to 16%) voters ...
 
Petru Corporation North American Title Insurance Company
INDUSTRY NEWS
The California Department of Financial Protection and Innovation (DFPI) helped 22 California homeowners receive financial reimbursements and remove property tax liens ...
 
On December 2, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family ...
 
The Federal Housing Administration (FHA) issued a bulletin (FHA INFO #20-92) Dec. 8 to serve as a reminder that wire transfers are not accepted to pay off ...
 
The Federal Housing Finance Agency announced the annual increase in the conforming loan limits for 2021. A majority of California counties will see the limit ...
 
The title insurance industry generated $5.1 billion in title insurance premiums during the third quarter of 2020, according to ALTA’s latest Market Share Analysis. ...
 
Freddie Mac’s Primary Mortgage Market Survey (PMMS) last week showed 30-year fixed-rate loans averaging 2.71%. “Mortgage rates remain at record lows, resisting their ...
 
Shaddock National Holdings announced that it reached a definitive agreement to acquire NexTitle’s operations in California pending regulatory approval. Financial terms ...
 
Ideanomics, headquartered in New York, announced that it signed a definitive stock purchase agreement to acquire 100 percent of privately held Timios Holdings Corporation ...
 
Stewart Information Services Corporation announced its acquisition of NotaryCam® December 3. According to Stewart’s announcement, by adding NotaryCam to the ...
 
SoftPro
COURT CASES
Reuter v. Macal (B298265).  The court held that a deed executed by plaintiff in favor of himself and defendant should be rescinded under Civil Code Section 1590 as a gift made in contemplation of ...
 
Russell v. Man (E072266).  The court held that Civil Code Section 3346 (treble damages for injury to a tree when defendant intentionally trespasses on plaintiff's property) does not apply where ...
 
 

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