The California Legislature this week passed and sent to the Governor, SB 1150, relating to successors in interest of borrowers. The bill is complex, but the basic intent is to extend many of the provisions of the Homeowner’s Bill of Rights (HOBR) to successors in interest of loans for...
On Monday, August 22nd, Governor Brown signed UTA’s sponsored bill, SB 983 into California law. The legislation, introduced by Senator Mike Morrell (R-40) increases the base limitations on the amount of trustee’s or attorney’s fees by $50 throughout the nonjudicial foreclosure process. The new law also made a clarifying...
By Phillip M. Adleson, Esq., Adleson, Hess & Kelly The facts in Bourne Valley Court Trust vs. Wells Fargo Bank (Aug. 12, 2016) were relatively simple. Wells Fargo Bank held a first deed of trust on property in Nevada. The property was part of a planned development with...
UTA Nomination Committee Chair Benjamin Levinson, Esq., of Law Office of Benjamin R. Levinson, has announced that UTA is now accepting nominations for seats on the 2017 UTA Board of Directors. This year the membership will be electing four (4) seats to the Board of Directors. Terms for each of...
Read the conference program and register for the conference now! UTA’s 41st Annual Education Conference, held at the La Quinta Resort & Club in La Quinta, California, November 6-8, 2016 will feature exciting and relevant education sessions for attendees – and La Quinta’s famously beautiful rooms are just $219/night!...
Hotel room reservations are now being accepted for the 2016 UTA Annual Education Conference & Trade Show. Sunday, November 6th will feature three networking options: the 23rd Annual Golf Tournament; a Cooking Participation Class; and a Jeep Adventure Hummer Tour. The education sessions will be held Monday and Tuesday,...
UTA will be offering members three leisurely social networking opportunities at the 41st Annual Education Conference, held November 6-8th in La Quinta. On Sunday, November 6th, members may participate in the UTA’s 23rd Annual Golf Tournament; a ‘Cooking Class with Chef Gavin’ event; or an Adventure Hummer Tour. The...
Sheryl Vacca, University of California’s Senior VP and Chief Compliance and Audit Officer, will lead a session at UTA’s 41st Conference on how to conduct a compliance risk assessment. Ms. Vacca will address the myriad of risks in the banking industry regulatory arena so that the priority risks will...
Phillip M. Adleson, Esq. (Adleson, Hess & Kelly), Elizabeth Knight (PLM Lender Services), and Martin T. McGuinn, Esq., (Kirby & McGuinn) will lead a session entitled, ‘Keeping PACE’ that will focus on PACE (Property Assessed Clean Energy) or HERO (Home Energy Renovation Opportunity) loans that are ramping up and will...
Fannie Mae has updated its Servicing Guide to clarify Fannie’s policy and requirements around foreclosure related title costs. (Servicing Guide Announcement SVC-2016-05) Effective September 1, 2016, Fannie Mae will not reimburse the servicer for title costs that exceed the maximum title allowable cost, for the life of default, unless...