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December 2022
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In This Issue |
CLTA NEWS
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SACRAMENTO REPORT
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INDUSTRY NEWS
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The CLTA is looking forward to your company proudly sponsoring the 116th Annual Convention, April 2-4, 2023, at the beautiful Monterey Plaza Hotel & Spa on famed Cannery Row in Monterey, California. Sponsor this don't miss IN-PERSON event! ...
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The 2023 Legislature met in early December to organize and permit the introduction of new bills. Several non-substantive housing bills were introduced. These are referred to as “spot” bills because they are simply introduced to reserve a spot to allow for ...
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On the first day of the legislative session, Assemblymember Aguiar-Curry introduced Assembly Constitutional Amendment 1 (ACA 1). This proposed constitutional amendment would lower the bar for approving new taxes for housing to 55%. This measure would ...
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Newly introduced Senate Bill 4 (Wiener) would require that, subject to specified criteria, a low- and moderate-income housing development project be a use by right eligible for streamlined approval on any land owned by an independent institution of ...
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The California Legislative Analyst’s Office (LAO) has released a report on the upcoming budget problems facing California, including a potentially substantial budget deficit. Based on the threat of a recession, the budget would have a $25 billion hole, according to the ...
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Orange Coast Title Co. Family of Companies recently appointed Mike Marconi as president. Mike Marconi is also the 2022-2023 President of the California Land Title Associaiton. Marconi previously served as ...
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Last Thursday Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.31 percent. ...
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Fannie Mae and Freddie Mac are increasing the dollar amount of loans eligible for purchase next year. The maximum amount will reach $1,089,000 in select high priced markets. For California these markets include the counties of ...
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Fidelity National Financial Inc. has agreed to acquire TitlePoint from Black Knight Inc. for $225 million in cash. The deal is expected to close in December 2022, subject to ...
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The title insurance industry generated $5.4 billion in title insurance premiums during the third quarter of 2022, according to ALTA’s latest Market Share Analysis. This is down 20.6% compared to the same period during 2021. However, according to the ALTA ...
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