Real Estate Finance Committee
San Jose Ballroom III
Marriott Hotel
San Jose, CA
Thursday, October 8, 2009
9:00 AM – 11:30 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. Action Items
1. Portable Appraisals*
2. Appraisal Management Company regulation*

B. Discussion  Items
1. Mortgage Loan Originator Update
a. SB 36 (Calderon), AB 34 (Nava) License Endorsement
b. AB 33 (Nava) Financial Services "super agency"
c. AB 260 (Lieu) Higher cost loan regulation

2. Loan Modification
a. SB 94 (Calderon)
b. AB 764 (Nava)

IV. Federal Issues

A. Action Item
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

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

V. Other Business

VI. Adjournment