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Wendel, Rosen, Black & Dean LLP
CLTA eNews - January 2017 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
Simplifile SoftPro
CLTA NEWS
The CLTA is pleased to welcome a new title company as Regular member of the association, as approved by the CLTA Executive Committee on January 5, 2017. Corinthian Title Company, which is headquartered in San Diego ...
 
Register today for tomorrow's webinar!  CLTA is pleased to offer:  New Laws/New Cases 2016, a 1.5-hour live webinar delivered to your desktop on Wednesday, January 18, 2017 from 10:00am - 11:30am. Participants requesting MCLE or PD will receive 1.50 CE credit for participating in the webinar.  ...
 
Early Bird Sponsorship Opportunities Available.  The California Land Title Association's 110th Annual Convention will be held May 21-23, 2017, at the Silverado Resort & Spa in Napa, California ...
 
The 2017 CLTA Annual Directory is now in the hands of our valued members! This important industry publication reaches all regular title company members and Affiliate members including ...
 
Among the files filed were the CLTA Interim Binder, Interim Binder Extension Endorsement, CLTA Guarantee Form 22 along with minor technical changes to one policy, one guarantee and 13 endorsement forms. ...
 
SACRAMENTO REPORT
The Legislature authorized a Transfer on Death Deed in 2015 following a recommendation by the California Law Revision Commission. A question has now arisen over whether the deed alone needs to be recorded, or whether the common questions page ...
 
Assembly Bill 71 (Chiu) increases the aggregate housing tax credit amount that may be allocated among low-income housing projects to $300,000,000 from $70,000,000 and allocates a portion of that amount to farmworker housing projects. To offset ...
 
Assembly Bill 45 (Thurmond) would require that the California Housing Finance Agency administer a program to provide financing assistance to qualified school districts and qualified developers for the creation of affordable rental housing for school employees, including teachers. ...
 
Assembly Bill 53 (Steinorth) would allow a deduction for contributions to a homeownership savings account. Income earned on the moneys contributed to a homeownership savings account would not be taxable. A taxpayer could withdraw money from the account to pay ...
 
Assembly Bill 73 (Chiu) proposes to permit local governments to adopt a housing sustainability district that authorizes residential use within the district through the ministerial issuance of a permit. The local government would first have to obtain preliminary approval ...
 
The 2017 Session of the Legislature has begun and its members are steadily introducing bills, with over 200 bills introduced since the Legislation session began. The final deadline for bill introduction in 2017 is February 17th.  The CLTA expects ...
 
Data Trace Union Bank
INDUSTRY NEWS
HUD announced a quarter-percent reduction in the annual FHA mortgage insurance from .85 percent to .60 percent for mortgages with a disbursement date on or after Jan. 27. The insurance premium is down from a high of 1.35 percent in April 2013, but still slightly higher ...
 
loanDepot has acquired Closing USA, a national title, escrow and settlement services company and has entered into a definitive agreement to acquire its affiliate, American Coast Title. The American Coast Title transaction is expected ...
 
Mortgage applications for newly built homes increased 2 percent nationally relative to December 2015 according to the Mortgage Bankers Association. Compared to November 2016, applications decreased by 14 percent. However, new single family mortgage applications increased ...
 
The Forbes Annual List of Most Expensive Zip Codes based on median price has three California zip Codes in the top ten. Sorry, Beverly Hills 90210, you made it into the top 20 but not the top 10. Five of the most expensive zip codes are in New York, New York, with another one in ...
 
Petru Corporation Adeptive Software
 

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