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May 2025 In This Issue
CAPITOL REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CAPITOL REPORT
Insurance Privacy Legislation Seeks to Layer Additional Privacy Obligations on Title Insurers (SB 354); Public Records Could Become Private (AB 1337).
 
California Attorney General Rob Bonta announced an agreement of formal collaboration between seven states and the California Privacy Protection Agency (CPPA) to promote collaboration and information sharing in the ...
 
Statewide Increase in Recording Fees (AB 1430); Statewide Recorder Notification Program (SB 255)
 
Loans Become Unenforceable if “Abandoned” - Senate Bill 681 (Wahab) deems a loan abandoned and unenforceable by means of a judicial or non-judicial foreclosure any time the mortgage servicer fails to provide a transfer of ...
 
Governor Newsom’s reorganization plan was introduced on May 6. The Governor has the power to reorganize the executive branch by submitting a plan to the Legislature, which becomes effective after 60 calendar days unless each house ...
 
Assembly Speaker Rivas has announced several new select committees, including the new Select Committee on Housing Finance and Affordability. “Housing costs are strangling the promise of the California Dream for many families now and...
 
Petru Corporation
INDUSTRY NEWS
The Department of Insurance issued a Bulletin reminding “all title insurers, underwritten title companies, and controlled escrow companies of the California Insurance Code’s title insurance filing requirements set forth in ...
 
LodeStar Software Solutions, a leading provider of nationwide mortgage closing cost data, released its first refinance mortgage closing cost data report, which showed that the national average total closing costs for a ...
 
Fannie Mae issued an update to its Multifamily Selling and Servicing Guide that modified title and closing requirements for multifamily mortgages that went into effect for loan applications received on or after May 8. ...
 
Last Thursday Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. The survey is focused on conventional, conforming, fully amortizing ...
 
Old Republic Title Tech Naylor Association Solutions Naylor Association Solutions
COURT CASES
Federal Case: In re: Global One Media (Shapiro v. Newtek Small Business Finance). BAP - 9th Circuit (4/2/25). The bankruptcy court ruled that Newtek perfected its security interest in Debtor's personal property, which is ...
 
 

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