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CLTA eNews - October 2016 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
The CLTA recently submitted a form filing requesting the filing of two endorsements and a commitment.  The CLTA also requested two forms be withdrawn.  
 
The CLTA is pleased to welcome a new title company as Regular member of the association, as approved by the CLTA Executive Committee on September 28, 2016. ...
 
The Southern California PREP Chapter invites you to the upcoming Southern California PREP Chapter Conference scheduled for Monday, October 24, 2016 from 9am - 12pm at the Riverside County Assessor-County Clerk-Recorder. ...
 
First American Financial Corp. acquired TD Service Financial Corp., a provider of technology and services to the mortgage banking industry, specializing in post-closing services and document management. TD Service Financial Corp. is ...
 
SACRAMENTO REPORT
Assembly Bill 2566 (Nazarian), which revises the list of acceptable non-state and foreign-issued documents that notaries public may rely upon as evidence of a person’s identity, was signed into law by Governor Brown in September. Specifically, AB 2566 allows notaries to rely on ...
 
California revenues of more than $10.57 billion for September beat projections in the 2016-17 Budget Act Governor Jerry Brown signed in June by $151.6 million, or 1.5 percent according to State Controller Betty T. Yee. Total revenues have outpaced expectations for two straight months ...
 
Data Trace Union Bank
INDUSTRY NEWS
The U.S. Court of Appeals for the District of Columbia Circuit ruled unconstitutional the CFPB’s structure that prevents the Director from being removed by the President. The Court remedied the situation by ...
 
Over 40 percent of American homebuyers feel taken advantage of or are confused by the calculation of title insurance fees on the Consumer Financial Protection Bureau's (CFPB) new mortgage disclosures, according to a new study ...
 
ALTA reported title insurance premium volume increased 3.9 percent during the second quarter of 2016 when compared to the same period a year ago. The title insurance industry generated $3.51 billion in title insurance premiums ...
 
Last week’s data released by Freddie Mac shows that the 30-year fixed-rate average climbed to 3.47 percent with an average 0.6 points. It was 3.42 percent a week ago and 3.82 percent a year ago. The average rate has remained below 3.5 percent since June ...
 
LawnStarter, a lawn care provider, put together data from the U.S. Census Bureau to show the 14 metros with the highest percentage of homes with a mortgage. LawnStarter used Census Bureau data from ...
 
CoreLogic released its latest Mortgage Fraud Report. As of the end of the second quarter of 2016, the report shows a 3.9 percent year-over-year increase in fraud risk, as measured ...
 
Wendel, Rosen, Black & Dean LLP Adeptive Software
COURT CASES
After a trustee's sale plaintiff lender filed an action against defendant guarantor to recover under a guaranty. The court reversed the trial court's ruling that defendant was protected by antideficiency laws because defendant owned the debtor so that defendant was ...
 
In a suit against the Director of the Department of Finance to compel the Department to approve the City's continued payments of set-asides from "tax increment" -- the increase above the tax base level attributed to redevelopment ...
 
 

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