News & Analysis as of August 16, 2025

Mortgage Servicers

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

California Enacts New Mortgage Servicing and Foreclosure Standards

Sheppard Mullin Richter & Hampton LLP on 7/18/2025

On June 30, California Governor Newsom has signed AB 130, a budget trailer bill related to housing. This legislation includes new requirements for mortgage servicers of subordinate mortgages, defined in the bill, and took...more

California Quickly Enacts New Mortgage Servicing Standards That Can Affect Foreclosures

Alston & Bird on 7/9/2025

What Happened? On June 30, 2025, California Governor Gavin Newsom signed into law, with an immediate effective date, California Assembly Bill 130, a significant housing bill that, notably renders certain mortgage servicer...more

New California Law Threatens to Stall All Second Lien Foreclosures

Bradley Arant Boult Cummings LLP on 7/3/2025

On June 30, 2025, California Gov. Gavin Newsom signed a large “budget trailer” bill that will have significant consequences on the mortgage industry. In relevant part, the new law addresses foreclosures on so-called zombie...more

California Governor announces mortgage relief for homeowners impacted by wildfires

Orrick, Herrington & Sutcliffe LLP on 2/6/2025

On January 23, The Governor of California, Gavin Newsom, announced commitments from 270 state-chartered banks and one federally chartered institution, along with related support from credit unions and mortgage lenders, to...more

RegFi Episode 50: Navigating California’s Mortgage Landscape

Orrick, Herrington & Sutcliffe LLP on 11/8/2024

Hosts Jerry Buckley and Sherry Safchuk sit down with Susan Milazzo, the CEO of the California Mortgage Bankers Association (CMBA), to discuss the current state and future of mortgage banking in California. As the voice of the...more

California’s new mortgage servicer during a “state of emergency” to be effective

Orrick, Herrington & Sutcliffe LLP on 12/22/2023

Recently, California enacted SB 455 to address mortgage servicing during a state of emergency. SB 455 will require a mortgage servicer (transferring a mortgage secured by a property within a proclaimed emergency zone) to...more

Why CFL Licensed Lenders Must Submit New License Applications By Year End

Allen Matkins on 8/20/2021

Several thousand lenders and brokers are currently licensed by the Department of Financial Protection & Innovation under the California Financing Law. The CFL generally requires that persons engaged in the business of...more

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