California Land Title Association eNewsCalifornia Land Title Association.CLTA NEWS
The CLTA is looking forward to welcoming you to the 117th Annual Convention from April 21-23, 2024, at the beautiful Laguna Cliffs Resort & Spa in Dana Point, California. Mark your calendar for April 21-23, 2024, for this don't miss IN-PERSON event! ...
Visit https://www.clta.org/page/Convention to view the full article online. SACRAMENTO REPORT
On a unanimous vote of 39-0, the California State Senate has sent a Remote Notarization bill supported by the CLTA to the Governor. Senate Bill 696 (Portantino), would allow California notaries to apply for a remote online ...
Visit https://www.clta.org/news/651356/RON-Legislation-Passed-by-California-Legislature-Awaits-Governor-Newsoms-Consideration.htm to view the full article online. In their final week of the 2023 legislative session, California lawmakers passed CLTA-supported Assembly Bill 1345 (Hart and Wilson), which would prohibit the predatory practice of entering into exclusive residential listing agreements …
Visit https://www.clta.org/news/651790/Ca-Legislature-Passes-Bill-Prohibiting-the-Recording-and-Enforcement-of-Predatory-Listing-Agreements.htm to view the full article online. Assembly Bill 976 (Ting) would delete an owner occupancy requirement from the section of existing law that establishes the maximum standards that local agencies can use to evaluate a proposed accessory dwelling unit on a lot that ...
Visit https://www.clta.org/news/651830/Assembly-Bill-Deletes-Potential-Owner-Occupancy-Requirements-for-ADUs.htm to view the full article online. Clarifying amendments supported by the CLTA were added to Assembly Bill 1033 (Ting) relating to the separate sale of an ADU as a condominium. The bill is now awaiting action by the Governor. ...
Visit https://www.clta.org/news/651829/CLTA-Supported-Amendments-Added-to-ADU-Condo-Legislation.htm to view the full article online. INDUSTRY NEWS
A number of media reports made earlier this year indicated that Airbnb guests were impersonating property owners for the purpose of fraudulently listing properties for sale. In the reports, the properties were described as ...
Visit https://www.clta.org/news/651832/Reported-Scam-by-Airbnb-Guests-Trying-to-Sell-Property---Seller-Impersonation-Rising.htm to view the full article online. It has been reported that the U.S. Treasury Department will propose a rule targeting luxury-home purchases by anonymous purchasers. The rule is expected to require title insurers to report the identities of the beneficial owners ...
Visit https://www.clta.org/news/651831/FinCEN-Reportedly-Eyeing-New-Rule-on-Real-Estate-Purchases.htm to view the full article online. ALTA announced that Fannie Mae is not moving forward with its proposed title waiver pilot program under its Equitable Housing Finance plans. The title industry had raised serious concerns about the program and ALTA members ...
Visit https://www.clta.org/news/651833/ALTA-Announces-Fannie-Mae-Dropped-its-Title-Waiver-Pilot-Program.htm to view the full article online. The U.S. Supreme Court has set oral arguments for October 3rd in a case challenging the constitutionality of the CFPB based on the Constitution’s Appropriations Clause ...
Visit https://www.clta.org/news/651835/Supreme-Court-Set-to-Hear-Challenge-Next-Month-to-Funding-the-Consumer-Financial-Protection-Bureau.htm to view the full article online. Zillow Group announced it has closed on an agreement to acquire Spruce, a tech-focused title and escrow company. In California Spruce operates through Spruce Title Company, a California underwritten title company, licensed in ...
Visit https://www.clta.org/news/651834/Zillow-Acquires-Spruce.htm to view the full article online. The Fitch rating agency reported in a 2023 Peer Review this month that the title industry financials remain strong. Fitch expects lower premium volumes to continue for 12 to 18 months but anticipates a purchase order rebound in ...
Visit https://www.clta.org/news/651836/Fitch-Ratings-Says-Title-Industry-Remains-Strong.htm to view the full article online. Last Thursday, Freddie Mac released the results of its Primary Mortgage Market Survey®(PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.18 percent. ...
Visit https://www.clta.org/news/651837/Mortgage-Rates-Remain-Above-7-for-Borrowers-with-Excellent-Credit.html to view the full article online. The title insurance industry generated $3.91 billion in title insurance premiums during the second quarter of 2023 compared to $6.21 billion during the same period a year ago, according to ALTA’s latest Market Share Analysis. ...
Visit https://www.clta.org/news/651838/Total-Title-Premiums-Decline-Compared-to-Last-Year.htm to view the full article online. CALENDAR OF EVENTS
The CLTA is looking forward to welcoming you to the 117th Annual Convention from April 21-23, 2024 at the beautiful Laguna Cliffs Resort & Spa in Dana Point, California. Mark your calendar for April 21-23, 2024 for this don't miss IN-PERSON event! ...
Visit https://www.naylornetwork.com/clt-nwl/articles/index-v4.asp?aid=798718&issueID=93023 to view the full article online. |