Real Estate Finance Committee

Grand Nave Ballroom, Gardenia Room

Sheraton Grand Hotel

Sacramento , CA

Thursday, June 4, 2009

9:00 AM – 11:20 AM

Presiding:

Skip Zeleny, Chair

Ed Herold, Vice Chair

Linda Lee, Vice Chair

Bill Jansen, Executive Committee Liaison

Jeannette Way, NAR Committee Representative

Bielle Moore, GAD Liaison

Staff:
Stan Wieg, Staff Vice President

Matt Roberts, Federal Government Affairs Manager

I. Opening Comments 

II. REO Advisory Group Report: Robert Bailey, Chair 

III. State Issues

A. Anti-Deficiency Protection Expansion*

B.  Mortgage Loan Originators
1. AB 34 (Nava), SB 36 (Calderon); SAFE Act implementation

2. AB 33 (Nava); Financial Services "super agency" consolidation

3. AB 260 (Lieu); Restrictions on higher cost loans

4. AB 329 (Feuer), SB 660 (Wolk); Reverse Mortgages

5. AB 919 (Nava), Recordation of originator license information

6. AB 1160 (Fong), Translated disclosures

C. Loan Modifications

1. AB 764 (Nava), SB 94 (Calderon) Advance fee prohibitions

2. DRE Advance fee contract regulation

3. AB 350 (Lieu); Payment services

D. Property Maintenance Ordinances Update

1. SB 633 (Wright), C.A.R. Sponsored legislation

2. Housing California model act proposal pending

E. Other

1. AB 111 (Niello), Cancellation of mortgage indebtedness tax safe harbor

IV. Federal Issues
 

A. Discussion Items

1. Banking Bill

2. Mortgage Reform

3. Foreclosure Rescue Scams

4. Home Valuation Code of Conduct

5. FHA Update

6. Making Home Affordable Program

7. GSE and FHA Loan Limits

B. Reporting Items

1. Banks in Real Estate

2. GSE Reform

3. Regulatory Reform

4. National Flood Insurance Program

5. RESPA

6. VA Loans

7. Natural Disaster Insurance

8. New Fannie Mae CEO

V. Other Business 

VI. Adjourn