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Wendel, Rosen, Black & Dean LLP
October 2017 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
CLTA's 111th Annual Convention is scheduled to be held April 22-24, 2018 at the beautiful Ojai Valley Inn.  Please mark your calendar and join us next year at this premiere industry event!
 
CLTA is pleased to offer:  Lender's Conditions & Instructions to Title & Escrow:  Pitfalls & Hidden Gems, a 1.5-hour pre-recorded webinar delivered right to your desktop.  Participants requesting MCLE or PD will receive 1.5 CE credit for participating in the webinar. ...
 
SACRAMENTO REPORT
In a large signing ceremony attended by legislators and affordable housing advocates, Governor Brown signed Senate Bill 2 (Atkins), as well as a package of other bills intended to address the issue of affordable housing, into law. SB 2 imposes ...
 
Governor Brown signed Assembly Bill 794 (Gallagher) into law to allow specified persons to request that information in the recorder's index of record be corrected. The law requires that upon being provided sufficient evidence, the recorder must ...
 
Governor Brown signed Senate Bill 50 (Allen) to make any transfer of federal lands void ab initio unless the State Lands Commission waives its first right of refusal. The CLTA Forms and Practices Committee will be reviewing the bill to consider practice recommendations. ...
 
The Governor recently signed Assembly Bill 652 (Flora) to provide that new construction acquires a base year value only when completed. The law supports the Board of Equalization's longstanding guidance that the value of construction in progress on ...
 
A columnist in the Wall Street Journal recently opined that the housing legislation passed in California will do little to address the real problem of housing affordability and could even make things worse for low- and middle-income residents. The WSJ article reported ...
 
Data Trace Union Bank
INDUSTRY NEWS
President Trump’s tax plan for individuals, as introduced, could impact the decisions of potential buyers and sellers of California homes. By eliminating the deductibility of local property taxes, the plan could ...
 
During its summer meeting in August, the National Association of Insurance Commissioners Cybersecurity Working Group and Innovation and Technology Task Force adopted the Insurance Data Security Model Law. Because California has been a leader  ...
 
The U.S. Securities and Exchange Commission has filed a complaint against the individual and companies behind an alleged cryptocurrency that was supposedly backed by real estate. The company claimed ...
 
Petru Corporation First American SMS RynohLive
According to Fannie Mae, paying off the mortgage going into retirement has become less common in recent years. The 33 million home owners in the Baby Boomer generation are reaching retirement age with a higher likelihood of carrying housing debt ...
 
Freddie Mac reported higher rates last week in its weekly mortgage market survey. The average 30 year fixed mortgage rate posted it's biggest week over week increase since July 2017. The 30 year fixed rate mortgage rose ...
 
Q. Popular homes from the 1950’s and 60’s. Typically, single story homes with large windows and geometric lines. Often built with blocks, or concrete or steel. Currently seeing a resurgence among preservationists.
 
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