b'WELCOME NEW MEMBERSThe California Mortgage Association welcomes the following members who are new to the association:John Campagna Grif HiattCapital Equity Funding, Inc. Bench Equity, LLCP.O. Box 30213 1223 S. Clearview Avenue,Suite 103Walnut Creek, CA94598 Mesa, AZ85209(925) 935-3200 (480) 222-5852jcampcrs@aol.com ghiatt@cb-ch.comRegular Member Regular MemberBrian Gallian David MurphyNDetail Capital LLC Agricultural Finance819 W. 16th Street 31878 Del Obispo, Suite 118-244Newport Beach, CA92663 San Juan Capistrano, CA92675(480) 250-5243 (650) 209-4831ndetailinv@gmail.com dmurphy@agricultural-finance.comEducational Member Educational MemberSacramento Summary continued from page 5BENEFITS OF MEMBERSHIP and foreclosure relief will be necessary next year.The issue is not over!CMA is one of the fastest growing statewidePerhaps the second most significant bill for CMA in 2020 was SB associations and we thank all our1079 (Skinner).Designed to address what the author perceives members for their support! Youas a problem of large investors scooping up foreclosed houses, are encouraged to share with your nonmemberleading to corporate rental neighborhoods, SB 1079 proposes colleagues all of the membership benefits anda complicated scheme creating a 45-day period after trustees reasons you belong to the association. Encouragesales, during which certain entitled parties can obtain properties them to joinapplications can be found on the CMAby overbidding the last and highest bid at the foreclosure sale.Web sitewww.californiamortgageassociation.com, orCMA and our other real estate partners argued that this approach by calling the headquarters office at (916) 239-4080.could well discourage bidding at sales, to the detriment of owners losing their properties, and contribute to blight, since no party Please remember to share information about thewill be incentivized to maintain properties during this 45-day Focus Groups that are provided to members only. period.While we were unsuccessful in defeating the bill, which Additional information can be found on the CMAwas ultimately signed by Governor Newsom, we did obtain a series website.There are many exciting educationalof amendments to improve the bill.Be sure to attend the CMA programs being planned. Fall Seminar for more details on this very significant bill.The upshot?Given the pandemic, the year could have been a Thank you again for all of your support andlot worse.But also given the pandemic, legislative attention to contributions to CMA and the private loan industry! evictions and foreclosures could well continue into 2021.Stay tuned!Points of InterestFall 2020Page 29'