EIC News & Events

HUD releases another round of final rule
guidance, further clarifies existing FAQs
Thank You!
2010 Conference Sponsors
Platinum
Citizens Business Bank
Tim Noone, Mary Hernandez, Connie Wells
First American SMS
Kathy Robinson, Mark & Kacy Troncale, Terri Parnell
RBJ Software, Inc.
Hilda Avila, Cynthia Belzl
Gold
Bank of the West
Dale Paterson, Margie Coenraad-Martinez, Ed Palomo, Laura Underwood
SoftPro Corp.
Alain Chapuis
Union Bank
Mary Gomula-Sawa, Joan Manning, Elaine Chave, Andy Clark
Bronze
Butler Notaries
Damon Butler
Silver
1st Enterprise Bank
Alex Martinez
Archive It!
Guy Puckett
City National Bank
Phil Petrozzi, Julie Hayre, Linda Doll
Professional Business Bank
Steve & Will Saylor
Rammell & Company
Jennifer Rammell
Stone Creek Escrow, Inc.
Maggie Waller
Calendar Ads
Archive It!
Bank of the West
Citizens Business Bank
DocPros, Inc.
First American SMS
Paul Paparella
Pothier & Associates
Professional Business Bank
Rammell & Company
RBJ Software, Inc.
SoftPro Corp.
Union Bank
Goodie Bags
All Pro Escrow
Bank of the West
Business of Escrow
California Business Escrow, Inc.
Citizens Business Bank
Crystal Clear Images
DocPros, Inc.
Elite Escrow Services of San Diego
Global Data Services
Pacific Corp
Palomares Escrow
RBJ Software, Inc.
To download the presentations from the Conference, please login to the Members Only area and click under >>>Spring Conference Materials<<<
October 13, 2009
"Buyer's Choice Act" (AB 957/Galgiani) Signed into Law

Governor Arnold Schwarzenegger is joined by Assemblywoman Cathleen Galgiani (center) author of AB 957 and other state legislators to sign legislation to protect California homeowners and homebuyers at the Merced Civic Center.
The Escrow Institute of California announced today that Governor Schwarzenegger signed Assembly Bill 957 into law. This bill protects consumers by ensuring that they have the right to choose their own real estate service providers when purchasing foreclosed properties.
READ THE ENTIRE PRESS RELEASE
EIC writes a letter to the Governor:
Dear Governor Schwarzenegger
...
Read the ASSEMBLY BILL No. 957
"Banks Benefit From Foreclosure Opportunity; Buyers Required To Pay Unnecessary Fees” (KCRA.com, March 11, 2009)
Stockton Record, July 31, 2009: “City ranks 5th in foreclosures; Stockton ranked No. 1 from July 2007 to July 2008”
Merced Sun-Star, June 10, 2009: “Galgiani's title bill on its way to state Senate”
NPR’s Map of foreclosure rates, by county and across the nation.
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EIC Member Locator
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Escrow Institute Affiliates
Let's support our affiliates! You can download a list with linked website and email addresses HERE
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The EIC offers its members ongoing programs of professional meetings, educational seminars, and direct mailings about topics of importance to the escrow industry, making our members among the most knowledgeable in the real estate business. Please download the following application forms:
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For information about the escrow process, read more in the Consumer Tips section of our website or call the EIC hotline at (800) 3-ESCROW or (800) 337-2769.
General Meetings
2010 Meeting Dates
Mark Your Calendars!
- July 8
- September 9
- November 4
Meetings will all be at The Grand - Long Beach Event Center in 2010. Go to the Events area for more details.
All meetings begin with:
6:00 p.m. - Registration
6:45 p.m. - Dinner with program following
Resource Links
Use these links to important resources in our industry. Click HERE
News from the NRA
Pending Home Sales Show Healthy Gain, Hint at Spring Surge
Washington, April 05, 2010
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten,” he said. “We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”
The PHSI in the Northeast rose 9.0 percent to 77.7 in February and is 18.9 percent higher than February 2009. In the Midwest the index jumped 21.8 percent to 97.9 and is 18.7 percent above a year ago. Pending home sales in the South increased 9.2 percent to an index of 107.0, and the index is 17.5 percent higher than February 2009. In the West the index fell 4.8 percent to 98.0 but is 14.6 percent above a year ago.
“Anecdotally, we’re hearing about a rise of activity in recent weeks with ongoing reports of multiple offers in more markets, so the March data could demonstrate additional improvement from buyers responding to the tax credit,” Yun said.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.
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