California Land Title Association eNews

California Land Title Association.

Wendel Rosen LLP
Black Knight
SPONSORS CORNER
A huge THANK YOU to these continuing Platinum Sponsors of CLTA's Annual Convention, which was canceled due to developments relating to COVID-19. ...

Visit https://www.clta.org/page/SponsorsCorner_current to view the full article online.

 
CLTA NEWS
CLTA is closely monitoring developments pertaining to COVID-19 (aka coronavirus) and its impact on member company operations and staff, including updates from national and local authorities. ...

Visit https://www.clta.org/page/CLTAResourcePage to view the full article online.

 
The CLTA is pleased to welcome a new title company as Regular member of the association, as approved by the CLTA Executive Committee on February 21, 2020. ...
 
A coalition of real estate trade associations, including the California Land Title Association, sent a letter to Gov. Newsom yesterday respectfully requesting that recordation and other services provided by the state’s county recorders be declared an essential service. The coalition also included the California Escrow Association, California Bankers Association, and California Mortgage Bankers Association. ...
 
On March 17, 2020, a group of trade associations, companies and organizations sent a joint letter to Attorney General Becerra asking him to forebear from enforcing the CCPA until January 2, 2021. The CLTA joined in ...
 
Data Trace
Union Bank
SACRAMENTO REPORT
Senate Bill 1120 (Atkins) addresses the time under which a tentative map that has been approved or conditionally approved under the Subdivision Map Act can be extended. Currently a local ordinance can extend the time for an ...
 
Senate Bill 1148 (Jones) would eliminate the initial requirement that a notice of sale be published in the city in which the property or some part of it is situated, instead providing that the initial publication preference ...
 
Assembly Bill 1971 (Voepel) would reduce the period that a lender must wait before accepting a final and complete application for a reverse mortgage from seven to three days from the date of housing counseling.
 
Senate Bill 1319 (Bates) specifies that if 90% or more of the direct or indirect ownership interests in a legal entity are sold or transferred in a single transaction, as defined, the real property owned by that legal entity ...
 
Assembly Bill 828 (Ting) is an urgency bill that would take effect immediately to prohibit actions to foreclose on residential real property. The moratorium would be effective while a state or locally declared state of ...
 
Petru Corporation
First American SMS
INDUSTRY NEWS
A coalition of trade associations led by the California Land Title Association sent a letter to Gov. Newsom respectfully requesting the issuance of an executive order expressly providing or affirming that ...
 
The California Association of Realtors (CAR) has released a new form in order to assist homebuyers and sellers during the ongoing outbreak of COVID-19 (aka coronavirus). ...
 
In a communication to real estate industry groups, the California Association of Realtors® announced that it will delay the release of the revised Residential Purchase Agreement (RPA) until December 2021. ...
 
On Saturday March 28, the U.S. Department of Homeland Security, Cybersecurity & Infrastructure Security Agency (CISA) issued a new Advisory Memorandum on Identification of Essential Critical Infrastructure Workers ...
 
The Patton Boggs law firm has offered the following guidance on measures that businesses can take in mitigating cybersecurity risks. Those include ...
 
The Financial Crimes Enforcement Network (FinCEN) advises financial institutions to remain alert about malicious or fraudulent transactions related to COVID-19, similar to those that occur in the wake of natural ...
 
The Federal Housing Finance Agency (FHFA) announced this week that Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for ...
 
Listings are falling according to Realtor.com. In the weeks ending March 21 and March 28, respectively, the number of newly-listed properties fell by 13.1% and 34% when compared with the same period a year ago. Sellers seem to ...
 
Demotech Inc. recently concluded that the nation's title underwriters are financially healthy and possess the means to address time gaps in coverage associated with the closing or limited hours of recording jurisdictions. ...
 
The California Judicial Council issued emergency rules effective immediately that affectively stop unlawful detainers and judicial foreclosures. Emergency Rule 1 states that a court may not issue a summons on a complaint ...
 
Freddie Mac’s release of its Primary Mortgage Market Survey last week showed that the 30-year fixed-rate mortgage (FRM) averaged 3.31 percent. According to Sam Khater, Freddie Mac’s Chief Economist, “Mortgage rates continue to ...
 
SoftPro