Agenda – Real Estate Finance CommitteeSheraton Grand Hotel Sacramento, California Grand Nave Ballroom Gardenia Room June 7, 2007 9:00 am– 11:20 amPresiding: Mike Donohoe, Chair Patricia Bouie Hinds, Vice Chair Greg Galli, Vice Chair Susan Tilling, Executive Committee Liaison Judy Zeigler, N.A.R Committee Representative Diane Carlton, GAD LiaisonC.A.R. Staff: Matt Roberts, Federal Government Affairs Manager Dave Milton, Legislative AdvocateI. Opening CommentsII. State IssuesA. C.A.R. Sponsored LegislationAB 1356 (Houston) Equity PurchasesB. Other Legislation1. General Bills of InterestAB 588 (DeLeon) Credit History – Public Utilities AB 628 (Price) Residential Mortgage Loans and Gift Prohibitions AB 941 (Torrico) Real Property Loans and E- Documents AB 1677 (Calderon, C.) Internet Banking Transactions2. Nonconforming Loan/Sub-Prime Loan BillsSB 385 (Machado) AB 1538 (Lieu)C. State Administrative Activity1. Department of Real Estate Proposed Disclosure Form for Non-Traditional Mortgage Products2. Business, Transportation & Housing Agency Consumer Home Mortgage Information WebsiteIII.Federal IssuesA. Action Items
1. Flood Insurance
B. Discussion/Reporting Items1. Subprime and Predatory Lending (NAR Subprime Paper ) 2. Supreme Court Hands Down OCC Ruling 3. National Disaster Insurance 4. Banks in Real Estate 5. Industrial Loan Companies IV. FHA Issues
A. FHA Reform
V. VA & HUD IssuesA. RESPA Reform B. VA Loan Limits C. Qualified Veteran Mortgage BondsVI. Fannie Mae & Freddie Mac Issues
A. High-Cost Conforming Loan Limit & GSE Reform VII. Other BusinessVII. Adjournment
