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Fennemore Wendel
November 2021 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
The CLTA is pleased to welcome a new title company as Regular member of the association, as approved by the CLTA Executive Committee on October 13, 2021. ...
 
CLTA is pleased to release its newest CLTA Titlecast, Self Serving Documents - a Claims Coffee Chat. CLTA Titlecast episodes are on-demand educational audio/video podcasts FREE to CLTA members. Listen now using your computer or mobile device at your convenience. ...
 
SACRAMENTO REPORT
Governor Newsom signed Senate Bill 478 (Wiener) making void and unenforceable certain CC&Rs and prohibiting a local agency from imposing a floor area ratio standard that is less than 1.0 on a housing development project that consists of 3 to 7 units, or less than 1.25 on a ...
 
Senate Bill 661 (Newman) was signed into law by Governor Newsom to update and modernize the CalVet Home Loan Program to be more competitive in the market and better assist California veterans. This bill would allow the California Department of Veterans Affairs (CalVet) the ...
 
The California Organized Investment Network in the Department of Insurance encourages insurers to make investments in California’s underserved and low-to-moderate-income communities. Senate Bill 655 ...
 
Federal OSHA regulations regarding the vaccine mandate for employers with 100 or more employees have finally been released. Companies must ensure that their workers are either fully vaccinated against COVID-19 by Jan. 4 or that they test negative for COVID-19 at least once ...
 
Data Trace Union Bank
INDUSTRY NEWS
The Financial Crimes Enforcement Network (FinCEN) last Friday announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real ...
 
On November 3, 2021, Attorney General Bonta launched a Housing Strike Force with the announced goals of advancing housing access, affordability and equity in California. See the press release here ...
 
RESPRO (the Real Estate Services Providers Council) presented testimony November 4 to the California Department of Financial Protection and Regulation on proposed escrow regulations governing unlawful rebates. RESPRO stated its opinion that it believed that the ...
 
ICE Mortgage Technology, part of Intercontinental Exchange, Inc. announced that MERSCORP Holdings, Inc., the mortgage industry’s national electronic loan registry, is expanding its capabilities to now include industry-wide, secure storage of Remote Online Notarization ...
 
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released its latest Mortgage Fraud Report. The report shows a 37.2% year-over-year increase in fraud risk at the end of the second quarter of 2021, as measured by the CoreLogic ...
 
The National association of Realtors reported that third quarter median sales prices for exiting single-family homes increased compared to the year-ago quarter in 182 of the 183 metro areas tracked by NAR. Nationally, there were double-digit price gains in 78% of the markets. ...
 
Fidelity Reports Third-quarter Earnings; First American Reports Third-quarter Earnings; Old Republic Reports Third-quarter Earnings; Stewart Reports Third-quarter Earnings
 
On November. 10, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.98 percent. ...
 
Petru Corporation North American Title Insurance Company
SoftPro
COURT CASES
McMillin v. Eare (B298990). The court quieted title in the grantees of two deeds, holding that a deed cannot be delivered to the grantee under any condition not expressed in the deed; any delivery to the grantee, or to the grantee's agent, is absolute and the deed therefore takes effect upon
 
 

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