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Wendel, Rosen, Black & Dean LLP
CLTA eNews - August 2019 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
A Don't Miss Event. The CLTA is looking forward to welcoming you to the 113th Annual Convention at the Park Hyatt Aviara located north of San Diego in beautiful Carlsbad, California. Mark your calendar for April 26-28, 2020. Your support of the title industry is sincerely appreciated by all CLTA members. ...
 
The California Supreme Court has agreed to hear the case of Villanueva v. Fidelity National Title Co., involving whether the Department of Insurance has exclusive jurisdiction over rates and fees charged by title companies. The CLTA ...
 
Data Trace Union Bank
SACRAMENTO REPORT
The California Land Title Association is sponsoring Assembly Bill 295 (Daly) to address the FASB rule change. AB 295 allows underwritten title companies, for the purposes of ...
 
Senate Bill 102 is a follow up to the state budget bill that addresses housing elements of cities and counties. The Department of Housing and Community Development (HCD) must evaluate compliance and notify the Attorney General if the ...
 
Legislation that would authorize California notaries to conduct remote online notarizations (RON) in California, AB 199 (Calderon), stalled in the Assembly Judiciary Committee earlier this....
 
Governor Newsom has signed Assembly Bill 212 (Bonta) that, until January 1, 2026, authorizes an additional purpose for the $1 supplemental recording fee now used to defray the cost of converting the ...
 
A California ballot measure aimed at changing property tax assessments for large commercial and industrial properties will be scrapped by supporters and resubmitted with changes. The plan is to qualify ...
 
Governor Gavin Newsom has proposed using California’s share of funds from a 2012 nationwide settlement with the nation’s five largest mortgage services to create a permanent fund that would provide ...
 
Petru Corporation
INDUSTRY NEWS
ALTA’s Forms Committee approved a technical correction to the ALTA Closing Protection Letters that is effective Aug. 1, 2019 and applies to CPLs for both ...
 
This month the U.S. Green Building Council released its new LEED in Motion: Residential report. LEED stands for Leadership in Energy and Environmental Design and is the most widely used ...
 
The Sacramento Bee reported that two consecutive disastrous wildfire seasons have created an insurance crisis for thousands of Californians who live in and around fire-prone areas. Some homeowners are seeing rates triple, or are just ...
 
Fidelity exercised its second option to extend the closing date to Sept. 18 for the acquisition of Stewart Information Services. Fidelity stated ...
 
The summarized second quarter earnings reports appears solid for the major insurers ...
 
According to a recent forecast from the Mortgage Bankers Association, the drop in mortgage rates may result in refinancings reaching a three-year high this quarter.  The MBA estimates that...
 
Last month William Lyon Homes, a leading homebuilder in the Western U.S., announced the formation of ClosingMark Financial Group, LLC (“ClosingMark”), a wholly-owned subsidiary under which the company intends ...
 
Last Week Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), showed that the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, unchanged from the week before. A year ago ...
 
SoftPro
COURT CASES
Potocki v. Wells Fargo Bank (C081345). In the portion of the opinion that was certified for publication, the court held that plaintiff stated a claim under Civil Code Section ...
 
Ranch at the Falls LLC v. O'Neal (B283986). In this complicated easement dispute filed by the owner of a horse ranch against the owners of an adjacent residential subdivision, the court reversed ...
 
Sheen v. Wells Fargo Bank (B289003). A lender does not owe the borrower a duty in tort for negligence during negotiations for a mortgage modification.
 
 

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