Sacramento Convention Center
Room 308/309/310
Sacramento, CA
Thursday, May 5, 2011
3 p.m. – 5 p.m.

Presiding:
Barbara J. Palmer, Chair
Mark Peterson, Vice-Chair
Clay Sigg, Vice-Chair
Mike Riley, Executive Liaison
Jeannette Way, NAR Committee Representative

Staff:
Matt Roberts, Federal Government Affairs Manager

I. Welcome and Opening Comments – Barbara J. Palmer

II. Reports by Committees and Task Forces

A. Housing Committee – Allen Okamoto, Chair

B. Taxation & Government Finance Committee – Patricia Bouie-Hinds, Chair

C. Land Use & Environmental Committee – Greg Haas, Chair

D. Transaction & Regulatory Committee – Steve Rosco, Chair
1. GSE Refinance Legislation (IBP)

E. Distressed Properties Task Force – Colleen Badagliacco, Chair
1. Mark-to-Market (IBP)
2. Mandatory Response to Short Sale Request (IBP)
3. Subordinate Lien Short Sale Acceptance (IBP)
4. Safe Harbor (IBP)
5. Personal Recourse on Short Sales (IBP)

III. Survey of the Legislative Climate

A. Member Mobilization Report – DeAnn Kerr

IV. Regulatory Process

V. C.A.R. Federal Priorities Recap from Winter Meetings

A. Tax Issues
B. GSE/Loan Limits
C. Short Sales
D. FHA
E. Insurance
F. Commercial Mortgage Liquidity
G. Private Transfer Fees
H. Energy & Climate Change

VI. Other Business

VII. Adjournment