News & Press - California Land Title Association

News & Press

Read about recent events, essential information and the latest community news.

Industry News
Tuesday, September 15, 2020 MISMO Vets Companies for Remote Online Notarization Compliance Certificates » The Mortgage Industry Standard Maintenance Organization (MISMO) is actively vetting companies pursuant to its remote onlin...
Tuesday, September 15, 2020 Moratorium on Foreclosures and Eviction Extended by the FHFA » The Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages back...
Tuesday, September 15, 2020 2021 ALTA Policies and Commitment Open for Public Comment » Recently adopted changes to the 2021 ALTA Commitment, Loan Policy and Owner’s Policy are now open to public comment throug...
Tuesday, September 15, 2020 Wave of Foreclosure Unlikely Despite Homeowner Distress » A recent blog post by First American Deputy Chief Economist Odeta Kushi indicated that a wave of foreclosures similar to l...
Tuesday, September 15, 2020 California Second Quarter and First Half Title Premiums Rise Year over Year » According to the American Land Title Association, the title insurance industry generated $4.18 billion in title insurance...
Tuesday, September 15, 2020 Mortgage Volume Surges in Q2 - Purchase Locks Rise for Q3 » Mortgage data firm Black Knight reported that the second quarter of 2020 saw the largest quarterly origination volume on r...
Tuesday, September 15, 2020 Competing Offers Common in California in August » Real Estate Brokerage Redfin reported that 54.5% of Redfin offers on homes faced competition nationwide in August. It’s th...
Tuesday, September 15, 2020 Mortgage Rates Reach Record Low » The results of Freddie Mac’s Primary Mortgage Market Survey® released on September 10th showed that the 30-year fixed-rate...
Wednesday, August 26, 2020 Second Quarter Earnings Strong » Fidelity Reports Q2 Earnings Fidelity National Financial reported that its title insurance segment generated $528 millio...
Wednesday, August 26, 2020 Black Knight to Acquire Optimal Blue » Black Knight Inc. announced that it is acquiring Optimal Blue, founded in 2002, for $1.8 billion. Black Knight plans to co...
Wednesday, August 26, 2020 Fidelity Buys Remainder of ServiceLink » During Fidelity’s recent earnings call, Fidelity Chief Executive Officer Randy Quirk said the company recently purchased f...
Wednesday, August 26, 2020 Intercontinental Exchange to Acquire Ellie Mae for $11 Billion » In a move to build out its end-to-end electronic mortgage workflow solution, Intercontinental Exchange (ICE) will acquire...
Wednesday, August 26, 2020 New Refinance Fees Announced by Fannie Mae and Freddie Mac Delayed to December 1 » Fannie Mae and Freddie Mac announced that refinancing after Sept. 1 would include a new adverse-market refinance fee of 0....
Wednesday, August 26, 2020 Mortgage Rates Tick Up » The results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), showed the 30-year fixed-rate mortgage (FRM) average...
Tuesday, July 21, 2020 Corelogic Rejects $7 Billion Acquisition Bid » CoreLogic has rejected an unsolicited $7 billion acquisition bid, at $65 a share in cash, from Cannae Holdings and Senator...
Tuesday, July 21, 2020 National Industry Associations Draft Model Emergency RON Legislation » The Mortgage Bankers Association, National Association of Realtors, and the American Land Title Association have together...
Tuesday, July 21, 2020 CFPB Issues Proposed Rule on Escrow Exemptions for Certain High Priced Mortgage Loans » The Consumer Financial Protection Bureau (Bureau) recently issued a notice of proposed rulemaking (NPRM) that would amend...
Tuesday, July 21, 2020 Black Knight Announces Integration with Qualia » Black Knight has announced its integration with Qualia, a cloud-based closing software provider, to enable title companies...
Tuesday, July 21, 2020 Multiple Offers for Homes Since Rates and Inventory are Down » Tech-focused brokerage firm Redfin reported that more than half of home offers faced competition in June for the second mo...
Tuesday, July 21, 2020 ATTOM Data Solutions Acquires Home Junction Inc. » Irvine-based ATTOM Data Solutions , a large property database companies, announced it has acquired San Diego based Home...
Tuesday, July 21, 2020 Mortgage Rates at 50 Year Lows - 15 Year at 2.48% » Mortgage rates fell below 3 percent for the first time in 50 years according to Freddie Mac. Last week’s Freddie Mac Prima...
Tuesday, June 16, 2020 L.A. County Ends its PACE Program » As first reported by the Los Angeles Times , Los Angeles County has ended its involvement in the Property Assessed C...
Tuesday, June 16, 2020 States Title Achieves New Capital Funding » States Title, and its family of brands – North American Title Company and North American Title Insurance Company, announce...
Tuesday, June 16, 2020 Mortgages in Forbearance Decline » According to Black Knight CEO Anthony Jabbour, improvement was seen in the number of homeowners in forbearance for the fir...
Tuesday, June 16, 2020 PACE Desist and Refrain Order and State Warning » On May 27, the California Department of Business Oversight announced an order to ban from the PACE industry an Encino...
Tuesday, June 16, 2020 Stewart Information Services Acquires Appraisal Company » Stewart announced its acquisition of United States Appraisals. Stewart stated that the acquisition will strengthen Stewart...
Tuesday, May 19, 2020 California Title Insurance Premium Volume Up 9.5% in 2019 » The American Land Title Association’s (ALTA) Market Share Analysis shows that the title insurance industry generated $15.8...
Tuesday, May 19, 2020 Financial Accounting Standards Board Proposes to Delay Lease Accounting Rule » The Financial Accounting Standards Board (FASB) announced a proposed Accounting Standards Update (ASU) that would grant a...
Tuesday, May 19, 2020 Major Insurers Report Q1 Earnings » Fidelity Q1 Earnings Fidelity National Financial, reported that its title segment generated adjusted p...
Tuesday, May 19, 2020 Limited Extension for 1031 Exchanges by IRS » The IRS has granted relief until July 15, 2020 for taxpayers engaged in a 1031 exchange. The IRS has extended the 45-Day I...
Tuesday, May 19, 2020 MISMO Announces RON Certification Program » The Mortgage Industry Standards Maintenance Organization (MISMO) has announced a new Remote Online Notarization (RON) cert...
Tuesday, May 19, 2020 Home Purchase Sentiment Drops but Refinances May Surge » After falling 11.7 points last month, the Fannie Mae Home Purchase Sentiment Index decreased an additional 17.8 points in...
Tuesday, May 19, 2020 Mortgage Rates Hold Steady » Freddie Mac reported last week that its Primary Mortgage Market Survey®, showed that the 30-year fixed-rate mortgage avera...
Tuesday, May 19, 2020 Governor Gavin Newsom Expands Workers Comp Coverage for Covid-19 » Governor Newsom issued an executive order that workers who contract COVID-19 while on the job may be eligible to recei...
Tuesday, May 19, 2020 FinCEN Reissues Real Estate Geographic Targeting Orders » The Financial Crimes Enforcement Network (FinCEN) announced earlier this month the renewal of its Geographic Targeting Ord...
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