News & Analysis as of August 13, 2025

California

+ Follow

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

Immunity for Deed of Trust Foreclosure Trustees — Absolute or Qualified?

Patton Sullivan Brodehl LLP on 4/28/2025

Under California Civil Code section 2924(d), a trustee’s communications and actions that are necessary to conduct a nonjudicial foreclosure sale pursuant to a deed of trust are privileged under Civil Code section 47. The...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

AB 238 Mortgage Deferment Act for California Wildfire: Mortgage Forbearance Relief

Blank Rome LLP on 1/27/2025

AB 238, also referred to as the Mortgage Deferment Act, to add Title 19.1 § 3273.20 et seq. (the “Mortgage Deferment Act” or the “Act”), was introduced in the California legislature on January 13, 2025 to provide essential...more

Led by California MBA, five banks provide mortgage relief for fire victims

Ballard Spahr LLP on 1/23/2025

Led by the California Mortgage Bankers Association, five lenders have made commitments to provide mortgage relief for the victims of the California wildfires....more

7 Results

View per page

Page: of 1