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May 2021 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
Late last month, California Secretary of State Dr. Shirley Weber held a virtual hearing to discuss the remote online notarization (RON) in California. The CLTA appreciates Dr. Weber’s attention to the issue and her invitation to participate at the hearing as one of ...
 
SACRAMENTO REPORT
The California Attorney General was asked whether a county’s nuisance abatement lien created under Government Code section 25845 has a ten-year expiration period like the ...
 
Senate Bill 10 (Wiener) was amended on April 13 to add section 4752 to the Civil Code. The new section declares void and unenforceable any covenant, restriction, or ...
 
Assembly Bill 721 (Bloom) would make unenforceable against an owner of an affordable housing development, any private recorded covenants, conditions, restrictions, or private ...
 
As part of the budget process, California Senate Democrats proposed a new “California Dream for All” First Time Homebuyer Program that aims to address historical and ...
 
Senate Bill 373 (Min) amends the Rosenthal Fair Debt Collection Practices Act to prohibit a debt collector from collecting or attempting to collect a consumer debt if the ...
 
A combination of Republican and Democrat legislators sent a letter to Governor Newson, Senate President Pro Tempore Atkins and Assembly Speaker Rendon asking that the ...
 
Data Trace Union Bank
INDUSTRY NEWS
On April 29, the Financial Crimes Enforcement Network (FinCEN) announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance ...
 
Fidelity Reports Q1 Increased Revenue and Earnings; First American Shares First-Quarter 2021 Financial Results; Old Republic Reports Q1 Earnings; Stewart Reports First-quarter 2021 Results
 
Cal/OSHA released its proposed new text for the Emergency Temporary Standards on May 7. The revisions will be voted on by the Cal/OSHA Standards Board on May 20, then ...
 
Lone Wolf Technologies announced its acquisitions of two real estate technology companies, LionDesk and HomeSpotter. According to Lone Wolf, these acquisitions ...
 
The Mortgage Bankers Association reported that commercial and multifamily mortgage loan originations decreased 14 percent in the first quarter of 2021 compared to the same ...
 
The California Association of Realtors reported that higher home prices substantially diminished California housing affordability in first quarter of 2021. ...
 
Freddie Mac’s Primary Mortgage Market Survey released last Thursday showed the 30-year fixed rate mortgage averaged 2.94%. ...
 
The ALTA joined 30 other organizations in letters to Congressional leaders and U.S. Secretary of the Treasury Janet Yellen explaining the importance of 1031 like-kind ...
 
Petru Corporation North American Title Insurance Company
COURT CASES
Billesbach v. Specialized Loan Servicing (B296121). In this action against a mortgage servicer under the Homeowner Bill of Rights (Civil Code Section 2923.4 et seq.), the court held that where a mortgage servicer's violations stem  ...
 
 

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