Federal Issues Committee
Marriott Hotel
San Jose Ballroom V/VI
San Jose, CA
Thursday, October 8, 2009
3:00 PM – 5:00 PM

Presiding:
Don Faught, Chair
Kathy Mehringer, Vice-Chair
Ray Karpe, Vice-Chair
Bill Jansen, Executive Committee Liaison
Allen Chiang, NAR Committee Representative

C.A.R. Staff:
Matt Roberts, Federal Governmental Affairs Manager
Jeff Keller, Public Policy Analyst

I. Opening Comments: Don Faught

II. NAR Update - Jerry Giovaniello, NAR Senior Vice President & Chief Lobbyist 

III. Member Mobilization – DeAnn Kerr

IV. Report of Action Items from Reporting Committees
A. Real Estate Finance
B. Taxation
C. Land Use and Environment
D. Equal Opportunity – Cultural Diversity
E. Housing Opportunity
F. Commercial Investment

V. First Impression Issues
A. Discussion Items:
1.  Healthcare Reform

VI. Taxation Issues
A. Discussion Items:
1.  Homebuyer Tax Credit
2.  Mortgage Interest Deduction

B. Reporting Items:
1.  Estate Tax
2.  Expiring Tax Breaks

VII. Real Estate Finance Issues
A. Action Items
1. FHA Anti-Flipping Rule

B. Discussion Items
1. Home Valuation Code of Conduct
2. Regulatory Reform
3. FHA Update
a. FHA Appraisal
b. FHA Reserve Fund
c. H.R. 3146
4. GSE Reform
5. GSE and FHA Loan Limits
6. Foreclosures and FICO Scores

C. Reporting Items
1. RESPA
2. TILA & Regulation Z
3. Mortgage Reform
4. Foreclosure Rescue Scams
5. Making Home Affordable Program
6. National Flood Insurance Program
7. Lockhart Steps Down

VIII. Land Use & Environment Issues
A. Reporting Items
1. Climate Change, Energy Efficiency, and Point-of-Sale

IX. New Business

X. Adjournment