Sheraton Grand Hotel
Grand Nave Ballroom, Gardenia Room
Sacramento California
Thursday, June 5, 2008
9:00 a.m.- 11:20 a.m.
Presiding:
Patricia Bouie Hinds, Chair
Jimmy La Peter, Vice Chair
Quincy Virgilio, Vice Chair
Malcolm Bennett, Executive Committee Liaison
Beth Peerce, N.A.R Committee Representative
Diane Carlton, GAD Liaison
C.A.R. Staff:
Matt Roberts, Federal Government Affairs
Manager
Stan Wieg, Legislative Advocate
David Milton, Legislative Advocate
I. Opening
Comments
II. Freddie Mac
Guest
A. Tricia McClung, Vice President, Single Family Sourcing, Customer
Outreach and Offerings Deployment
III. State Issues
A. C.A.R. Sponsored Legislation
1. AB 1356 (Houston) Agents of Equity Purchasers;
Westminster case
2. SB 1054 (Machado) Mortgage broker disclosure of
dual roles
B. Legislation of Others; please see Legislative
Program bill report on the C.A.R. website for a more complete listing of
California legislation on which C.A.R. has taken active
positions.
1. SB 1137 (Perata) Mortgage foreclosure rules
2. SB 1053 (Machado) Mortgage broker registration, reporting and
enforcement
3. AB 2880 (Wolk) Bonding and new duties for DRE-licensed mortgage brokers
4. AB 2105 (DeSaulnier) Mandatory reporters of
suspected elder abuse
5. AB 2359 (Jones) Assignee liability for mortgages
6. AB 2187 (Caballero) Foreclosures
7. AJR 45 (Coto) Coforming loan limits
IV. Federal Issues
A. Discussion/Reporting Items
1. Stimulus Package and Temporary FHA and GSE Loan Limit
Increase
2. FHA Rescue Program (Please see IBP)
3. 2009 OFHEO Conforming Loan Limit Rule 4. GSE Appraisal Deal with N.Y.
5. Federal Mortgage Broker License Requirements
6. Neighborhood Stabilization Act
7. Treasury Restructuring Blueprint
8. Mortgage Reform
9. Banks in Real Estate
V. VA & HUD Issues
A. Secretary Jackson Steps
Down
B. HUD RESPA Proposal
C. Home OwnershipOpportunities for Veterans
VI. Other Business
VII. Adjournment
