News & Press - California Land Title Association

News & Press

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

Industry News
Tuesday, May 21, 2019 A.M. Best Comments on Blockchain and the Title Industry » According to A.M. Best, blockchain technology won’t replace title insurance but can improve the process for digitizing rec...
Tuesday, May 21, 2019 MERS Owner Buying Simplifile » Intercontinental Exchange, which owns various stock exchanges, including the NYSE, as well as MERS (the Mortgage Electroni...
Tuesday, May 21, 2019 ALTA Names New CEO » The American Land Title Association has named Diane Tomb as its new Chief Executive Officer. Ms. Tomb previously served a...
Tuesday, May 21, 2019 California Year over Year Home Sales Slowing » According to Redfin.com , in March only nine of the 85 largest metro areas Redfin tracks saw a year-over-year decline in...
Tuesday, May 21, 2019 Freddie Mac Forecasts Continued Favorable Mortgage Rates » According to Freddie Mac’s April Forecast , the mortgage market is expected to see favorable mortgage rates for the rem...
Tuesday, May 21, 2019 TRID Applicable to Assumptions » A recent CFPB (Consumer Financial Protection Bureau) factsheet answered the question of whether a Loan Estimate and Closin...
Tuesday, May 21, 2019 Major Insurers Report on First Quarter » The ALTA has summarized the first quarter earnings reports for the major insurers: Fidelity National Finan...
Tuesday, May 21, 2019 FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metros » The Financial Crimes Enforcement Network (FinCEN) renewed its Geographic Targeting Orders (GTOs) that require U.S. tit...
Tuesday, May 21, 2019 Rates Drop Slightly in Freddie Mac Survey » Last Week’s Freddie Mac Primary Mortgage Market Survey showed fixed rates for mortgage loans dropping slightly. Sur...
Tuesday, April 16, 2019 Overhaul of Fannie and Freddie Moved Closer to Reality with Trump Action » President Trump has signed a Presidential memorandum signaling the White House’s interest in reforming the housing finance...
Tuesday, April 16, 2019 California Title Premiums Dip in 2018 » The title insurance industry generated $14.84 billion in title insurance premiums during 2018 compared to $14.77 billion d...
Tuesday, April 16, 2019 Low Rates Encouraging for Refinance Volume » As U.S. Treasury rates fall, refinancing becomes an increasingly attractive option for a growing number of homeowners. The...
Tuesday, April 16, 2019 City of Los Angeles Sues Over Alleged PACE Fraud » The Los Angeles Times reported that Los Angeles city attorney Mike Feuer recently filed a lawsuit alleging that an unlicen...
Tuesday, April 16, 2019 Northern California Property Records Industry Association (PRIA) Meeting - May 16, 2019 » The Northern California PRIA Local has scheduled a meeting for May 16, 2019 from 8:30am – 1:00pm, at the Dublin Public Lib...
Tuesday, April 16, 2019 Southern California Property Records Industry Association (PRIA) Meeting - June 11, 2019 » The Southern California PRIA Local has scheduled a meeting for June 11, 2019 from 8:30am – 1:00pm, in Irvine at 18565 Jamb...
Tuesday, March 19, 2019 Comment Period for New Remote Notarization Standards » The Mortgage Industry’s Standards Maintenance Organization (MISMO) has published for comments new standards for remote onl...
Tuesday, March 19, 2019 PACE Financing Facing Restrictions » The Consumer Financial Protection Bureau announced that it is seeking public comments on proposed rules that would treat P...
Tuesday, March 19, 2019 Foreclosures Fall Nationwide » According to CoreLogic, properties in foreclosures recently hit their lowest rate since January 2000. Equity increases, s...
Tuesday, March 19, 2019 A Single Security for Fannie and Freddie Arrives as Private Bonds Increase » The Securities Industry and Financial Markets Association voted to support a single mortgage-backed bond by Fannie and Fre...
Tuesday, March 19, 2019 California Listed Home Prices up Dramatically in Last Decade » California listed home prices rose 85.4% between January 2012 and January 2019 according to the Wall Street Journal. The...
Tuesday, March 19, 2019 Mortgage Rates Decline » Freddie Mac’s Primary Mortgage Market Survey released last week show that the 30-year fixed-rate mortgage dropped 10 basis...
Tuesday, March 19, 2019 UCLA California Forecast » UCLA Anderson Forecast has revised housing starts downward in 2019 and 2020, with a recovery in building beginning in 2021...
Tuesday, February 19, 2019 Radian Acquires Data Analytics and Predictive Model Provider » Radian Group Inc. recently acquired Maryland-based Five Bridges Advisors LLC, a developer of proprietary software, data an...
Tuesday, February 19, 2019 Governor Newsom Suggests Structural Tax Reform Possible » Governor Gavin Newsom may decide to work to overhaul California’s tax system given a ballot deadline to revise the state p...
Tuesday, February 19, 2019 California Marijuana Bank Looks Unlikely » Last month California marked the start of legalized sale and use of marijuana although the new law grants local government...
Tuesday, February 19, 2019 No Evictions in San Jose for Tenants Affected by Federal Shutdown – Template for Future? » According to Housing Wire, the San Jose City Council implemented a temporary moratorium on evictions for non-payment of re...
Tuesday, February 19, 2019 Private Flood Insurance Option Set to Expand » A new federal rule that becomes effective in July will require lenders to accept both private and government flood policie...
Tuesday, February 19, 2019 Fannie Mae Increases Multifamily Loan Limits » Fannie Mae announced that it is doubling its loan limit for small multifamily mortgages from $3 million to $6 million in a...
Tuesday, February 19, 2019 Tech Real Estate Brokerage Raises $$ » REX, a real estate brokerage focusing on using a technology platform to provide a digital alternative in the home sale pro...
Tuesday, February 19, 2019 U.S. House Committee Holds Hearing on Marijuana Business Banking » The House Financial Services Subcommittee on Consumer Protection and Financial Institutions recently held a hearing titled...
Tuesday, February 19, 2019 California Bidding Wars Ending » According to real estate brokerage Redfin fewer buyers are competing for homes and bidding wars have been cut by over half...
Tuesday, February 19, 2019 Mortgage Rates at Lowest Level Since Early 2018 » Last Thursday’s results from Fannie Mae of its Primary Mortgage Market Survey, showed fixed-rate mortgages at their lowest...
Tuesday, February 19, 2019 Mortgage Fraud Criminals Sentenced » California Attorney General Xavier Becerra announced the sentencing of a scammer for operating a mortgage fraud scheme thr...
Tuesday, February 19, 2019 California Company Develops App for Home Equity Lending » Silicon Valley based company Blend plans to move into the home equity market with a new app designed to drastically speed...
Tuesday, January 15, 2019 Fraud Alert: LLC Identity Theft » According to ALTA, Limited Liability Company (“LLC”) fraud has evolved over the past year and criminals are now hijacking...
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