California Land Title Association eNews

California Land Title Association.

MESSAGE FROM THE PRESIDENT
I am proud, honored and excited to accept this year’s appointment as President of the CLTA. First and foremost, I want to thank Randy Bradley for his exceptional leadership through one of the most ...
 
CLTA NEWS
It is with great sadness that I am sharing the passing of a former CLTA Board member and title professional, Neil Stonum. ...
 
The CLTA Board of Governors elected the following Officers to serve from July 1, 2021 through June 30, 2022 ...
 
The CLTA is pleased to welcome a new title insurance company as Regular member of the association, as approved by the CLTA Executive Committee on July 2, 2021. ...
 
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SACRAMENTO REPORT
Senate Bill 263 (Rubio) would require the three-hour fair housing course that is part of the 45 hours of continuing education for real estate licensees to include an interactive participatory component ...
 
Assembly Bill 832 (Chiu) was signed by Governor Newson on June 28 to extend tenant, landlord and homeowner protections under existing law until September 30, 2021, including the current ...
 
Assembly Bill 889 (Gipson) has been amended in the Senate after passing the Assembly to require that a corporation or LLC that owns rental property must identify the beneficial owner of the qualified ...
 
Senate Bill 572 (Hertzberg) was amended to specify that the labor lien created by the bill has the same priority as a judgment lien. The CLTA had sought the clarification to the bill. SB 572 allows the Labor Commissioner to create ...
 
Assembly Bill 1584 (Assembly Committee on Housing and Community Development) is an Omnibus Housing Bill containing several changes to California’s housing laws. One thing it does is to ...
 
Assembly Bill 959 (Mullin) was recently amended to authorize a park district to adopt an ordinance establishing that an encroachment onto district land constitutes a nuisance and may, by ordinance, establish ...
 
INDUSTRY NEWS
The Consumer Financial Protection Bureau’s summer Supervisory Highlights report indicates that CFPB examiners have encountered problems with non-compliance disclosures of fees for lender’s title ...
 
The Federal Housing Finance Agency (FHFA) announced last Friday that Fannie Mae and Freddie Mac (the Enterprises) will eliminate the Adverse Market Refinance Fee for loan deliveries effective ...
 
California’s Surplus Lands Act is now beginning to seriously impact local governments. In 2019, Governor Newsom signed an executive order to make excess state land available for affordable housing ...
 
In March, the Southern California Association of Governments (SCAG) adopted regional housing goals for incorporation into the housing elements of city general plans. The state goal is to have 1.34 million ...
 
San Francisco-based mortgage software platform Blend Labs had its initial public offering last week and raised $360 million through an offering of 20 million shares priced at $18. The total valuation of the ...
 
Irvine, California, based CoreLogic®, an NYSE company with over 5,000 employees and a leading provider of property data and solutions, announced the execution of a definitive merger agreement ...
 
Fitch Ratings’ title insurance industry aggregate 2020 risk-adjusted capital (RAC) ratio decreased to 204% from 216% in 2019. This figure represents the second-highest industry RAC score in the ...
 
The title insurance industry generated $5.68 billion in title insurance premiums during the first quarter of 2021 compared to $3.92 billion during the same period a year ago, according to ALTA’s latest ...
 
Freddie Mac’s Primary Mortgage Market Survey released last Thursday shows that the 30-year fixed-rate mortgage (FRM) averaged 2.88 percent. ...
 
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