California Land Title Association eNews
California Land Title Association.
CLTA NEWS
The CLTA is looking forward to welcoming you to the 116th Annual Convention, April 2-4, 2023, at the beautiful Monterey Plaza Hotel & Spa on famed Cannery Row in Monterey, California. We hope your organization will be a sponsor of California's premiere title industry event. ...
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format, complete with live hyperlinks to chaptered bill text and exclusive web content. ...
CLTA is pleased to release its latest Titlecast, Episode 24 – Privacy: Winding Down the Employee Exemption Under CCPA. This 22-minute episode explains the recent changes to the Privacy Act. …
SACRAMENTO REPORT
Facing a projected budget shortfall of over $22 billion, Governor Newsom released a spending plan for California that totals $297 billion. That amount represents an $11 billion decrease from the current budget. The Legislature will soon begin to hold hearings and ...
Senate Bill 71 (Umberg) would increase the small claims court jurisdiction over actions brought by a natural person, if the amount does not exceed $25,000, except as specified, and would also increase the amount in controversy permitted in other specified actions ...
Assembly Bill 77 (Pacheco) would require the State Registrar to require the use of a diacritical mark on an English letter to be properly recorded, when applicable, on a certificate of live birth, fetal death, or death, and a marriage license and would require the ...
INDUSTRY NEWS
ALTA reports that FinCEN intends to issue a Notice of Proposed Rulemaking (NPRM) to address money laundering (AML) threats in the U.S. real estate sector in April, as the Department of the Treasury indicated on its website. This proposed rulemaking follows up ...
The American Land Title Association has decertified certain 2006 series policy forms effective Dec. 31, 2022, and has stated that it will no longer officially support or update the forms. However, use of these forms may continue to be seen in the market, and ...
Wells Fargo & Company announced that it is getting out of the business of using correspondents to generate mortgage loans for the bank and will reduce the size of its large servicing portfolio. This reduction in its mortgage business comes as the home ...
Last Thursday Fannie Mae released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.33 percent. “While mortgage rates have resumed their decline, the market remains hypersensitive to ...
CALENDAR OF EVENTS
When: February 14, 2023 at 1:00PM ET Fannie Mae’s Senior Vice President and Chief Economist Doug Duncan says housing will lead the economy through what he considers will be a mild recession in 2023. He will expand on that and the outlook for the housing market during the Economic Forecast Series featuring Doug Duncan webinar. Register Now!
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