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Wendel, Rosen, Black & Dean LLP
February 2019 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
The California Land Title Association's 112th Annual Convention is just around the corner. This is a don't miss industry event! Registration is now open!  Don't Delay ... Register today!
 
The CLTA responded to the California Law Revision Commission’s (CLRC) request for further comment on the issue of transfer on death deeds (TODDs) as the Commission continues to conduct a study of the estate planning tool. ...
 
SACRAMENTO REPORT
Governor Newson took action to sue the City of Huntington Beach for willfully failing to comply with the California’s housing law requiring cities to meet regional housing needs. ...
 
Governor Newson pledged to build 3.5 million new homes in California during his term and has proposed a "Marshall Plan" for affordable housing. Newsom’s state budget allocates $1.75 billion to housing.  ...
 
A number of industry associations, including CLTA, gave voice to concerns with the California Consumer Privacy Act (CCPA) at a public forum held by the California Attorney General’s office in Sacramento on February 5th. The speakers ...
 
Data Trace Union Bank
INDUSTRY NEWS
The House Financial Services Subcommittee on Consumer Protection and Financial Institutions recently held a hearing titled "Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses." Witnesses included ...
 
Last month California marked the start of legalized sale and use of marijuana although the new law grants local government significant control over participating businesses. Yet, because marijuana is still illegal under ...
 
California Attorney General Xavier Becerra announced the sentencing of a scammer for operating a mortgage fraud scheme throughout Southern California and the Inland Empire that preyed on homeowners facing foreclosure.  ...
 
Fannie Mae announced that it is doubling its loan limit for small multifamily mortgages from $3 million to $6 million in an effort to boost affordable housing. For certain high cost areas, the limit was increased by $1 million. ...
 
According to Housing Wire, the San Jose City Council implemented a temporary moratorium on evictions for non-payment of rent by tenants impacted by the federal government shutdown, providing a potential blueprint for ...
 
Governor Gavin Newsom may decide to work to overhaul California’s tax system given a ballot deadline to revise the state property tax. The ballot measure would enact a so-called "split roll" and remove most ...
 
A new federal rule that becomes effective in July will require lenders to accept both private and government flood policies. The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) approved a rule that ...
 
According to real estate brokerage Redfin fewer buyers are competing for homes and bidding wars have been cut by over half in the past 12 months. In California markets served by Redfin agents the share of Redfin offers that faced competition dropped ...
 
REX, a real estate brokerage focusing on using a technology platform to provide a digital alternative in the home sale process, recently raised another $15 million in funding to use for expansion. REX first launched in Southern California ...
 
Last Thursday’s results from Fannie Mae of its Primary Mortgage Market Survey, showed fixed-rate mortgages at their lowest level since early 2018. ...
 
Silicon Valley based company Blend plans to move into the home equity market with a new app designed to drastically speed up the lending process. The company expects home equity lending to expand as consumers take advantage of rising home prices and substantial home equity.  ...
 
Radian Group Inc. recently acquired Maryland-based Five Bridges Advisors LLC, a developer of proprietary software, data analytics and predictive models leveraging artificial intelligence, machine learning and traditional econometric techniques. ...
 
Petru Corporation First American SMS
COURT CASES
Ditzian v. Unger (A152946).  The court held that plaintiffs established a prescriptive easement to a foot path over defendant's property by showing that the use had been open, notorious, continuous and adverse for an uninterrupted period of ...
 
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