News & Press - California Land Title Association

News & Press

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

Industry News
Tuesday, March 20, 2018 Insurance Commissioner Jones Hosts Diversity Summit » Insurance Commissioner Dave Jones on March 2 hosted the first Governing Board Diversity Summit. The event brought together...
Tuesday, March 20, 2018 TRID Changes Not Yet in Financial Reform Legislation » The House of Representative passed the TRID Improvement Act of 2018 by a voice vote and sent it to the Senate a...
Tuesday, March 20, 2018 CLTA Files ALTA Short Form Commitment for an ALTA Short Form Residential Policy » The ALTA Short Form Commitment for an ALTA Residential Loan Policy (12-01-17) will replace the current version of the ALTA...
Tuesday, March 20, 2018 Freddie Mac Rate Survey Shows Slight Rate Drop » Last week Freddie Mac released the results of its weekly mortgage market survey, showing the 30-year fixed mortgage rate d...
Tuesday, March 20, 2018 Homes Sales Steady While Refinance Activity Down » There were 28,300 closed escrows on California homes in January of this year, or about the same as in January 2016, accord...
Tuesday, March 20, 2018 Fidelity National Financial Announces Merger Agreement to Acquire Stewart Information » Fidelity National Financial, Inc. announced in a press release Monday morning that it has signed a merger agreement to acq...
Tuesday, February 20, 2018 Tech Construction Company Gets Funding – Another Uses 3-D Printing » California start-up Katerra Inc. received over $800 million in funding from SoftBank Group and other investors. Katerra,...
Tuesday, February 20, 2018 Mulvaney Wants CFPB to Stick to the Law » A newly released strategic plan from the CFPB for the 2018-2022 fiscal years emphasizes sticking to the Bureau’s statutory...
Tuesday, February 20, 2018 Comments on Proposed CA PACE Rulemaking Available » Last year California Governor Jerry Brown signed legislation creating a new licensing scheme for Property Assessed Clean E...
Tuesday, February 20, 2018 Title Industry Supports Clarifying Scope of CFPB Insurance Jurisdiction » The American Land Title Association (ALTA) is one of eight insurance trade groups supporting a bipartisan bill introduced...
Tuesday, February 20, 2018 South Burlington Vermont Exploring Blockchain Prototype » Propy Inc., based in Palo Alto, is launching a pilot project with South Burlington, Vt., on a blockchain prototype designe...
Tuesday, February 20, 2018 Quicken Leads in Q4 Mortgage Originations but Wells Fargo Keeps Top Spot for 2017 as a Whole » Quicken Loans Inc. reported that it overtook Wells Fargo in mortgage originations in the fourth quarter of 2017 by origina...
Tuesday, February 20, 2018 Combined Major Title Insurers 4th Quarter Pre-Tax Income Declines » The combined fourth quarter pre-tax income for the title segments of the four major title insurance groups declined slight...
Tuesday, February 20, 2018 Change in Ownership Letter from Board of Equalization » The Board of Equalization recently sent a letter to county assessors discussing change in ownership determinations involvi...
Tuesday, February 20, 2018 Fannie Mae to Ask for More Capital » For the fourth quarter of 2017, Fannie Mae reported a net after-tax loss of $6.5 billion and a comprehensive loss of $6.7...
Tuesday, February 20, 2018 House Passes ALTA-supported Bill to Fix TRID » Per the ALTA , by a vote of 269-143, the U.S. House of Representatives on Wednesday passed a bill that corrects the inacc...
Tuesday, January 16, 2018 New Tax Law Retains Low-Income Housing Incentives » The tax bill recently signed into law by President Trump has several incentives for low-income housing. First, the...
Tuesday, January 16, 2018 First American Acquiring Lien Release Business » First American Financial Corporation announced that it expects a first quarter closing of its agreement to acquire Bank of...
Tuesday, January 16, 2018 California Title Industry Generates $473.8 Million in Premiums in the Third Quarter » The ALTA Third Quarter Market Share Analysis shows that nationwide title premiums in the third quarter of 2017 were $3.9 b...
Tuesday, January 16, 2018 CLTA Exploring eNotarization Options as ALTA Collaborates with MBA on Model Online Notary Bill » The Mortgage Bankers Association (MBA) and the American Land Title Association (ALTA) have collaborated on a model remote...
Tuesday, December 19, 2017 FHA to Cease Insuring Mortgages with PACE Assessments » The Department of Housing and Urban Development (HUD) announced on December 7th that that it was reversing guidance issued...
Tuesday, December 19, 2017 Katy Perry Wins Property Lawsuit » Singer and performer Katy Perry has been awarded $5 million in damages after she and the Roman Catholic archdiocese of Los...
Tuesday, December 19, 2017 Large Southern California Real Estate Developer Files Bankruptcy » The Woodbridge Group, which owns millions of dollars of Southern California real estate, has filed for bankruptcy protecti...
Tuesday, December 19, 2017 Loan Limits Increased for 2018 » On November 28, the FHFA announced that it will raise the maximum conforming loan limits for mortgages purchased in 2018 b...
Tuesday, December 19, 2017 Governor Declares Disaster Areas in Southern California » Earlier this month Governor Edmund G. Brown, Jr. issued an emergency proclamation for Los Angeles County due to the Creek...
Tuesday, December 19, 2017 Liability Issues Confront Companies Dealing with Marijuana Businesses » While civil RICO lawsuits are emerging in other states to challenge marijuana business, California regulators and politici...
Tuesday, November 21, 2017 Key Changes with TRID Rule Update » In July, the CFPB finalized 560 pages of amendments to the TILA-RESPA Integrated Disclosure (TRID) rule. The amendments co...
Tuesday, November 21, 2017 State Revenues Close to Projections » State Controller Betty T. Yee reported that California’s total revenues of $6.74 billion for October were just $38.7 milli...
Tuesday, November 21, 2017 House Tax Bill - Changes to Mortgage Deduction and Exclusion of Home Sale Profits » California’s expensive housing markets face unfavorable changes under the recently released tax-reform bill. Mortgage int...
Tuesday, November 21, 2017 Lennar and CalAtlantic Plan to Merge » Homebuilder Lennar, which has North American Title Group in its organization, announced plans to merge in a $5.7 billion a...
Tuesday, November 21, 2017 C.A.R. Issues 2018 Housing Forecast » The C.A.R. housing forecast for 2018 sees a modest gain in existing single-family home sales of 1.0 percent next year to r...
Tuesday, November 21, 2017 Industry Earnings Remain Positive » F idelity Reports Q3 Results and Open and Closed Order Count Fidelity National Financial reported that its...
Tuesday, October 17, 2017 NAIC Adopts Model Data Security Law Although California Already Leads the Nation » During its summer meeting in August, the National Association of Insurance Commissioners Cybersecurity Working Group and I...
Tuesday, October 17, 2017 Home Style Question for October » Q. Popular homes from the 1950’s and 60’s. Typically, single story homes with large windows and geometric lines. Often...
Tuesday, October 17, 2017 President Trump's Tax Framework and California Property Taxes » President Trump’s tax plan for individuals, as introduced, could impact the decisions of potential buyers and sellers of C...
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