Secondary Mortgage Market Enterprises Regulatory Improvement Act

HR. 1887 - Consumer Fairness Act of 2003 HR. 1865 - Prevention of Predatory Lending Through Education Act HR. 833 - Responsible Lending Act HR. 314 - Mortgage Servicing Clarification Act HR. 2575 - Secondary Mortgage Market Enterprises Regulatory Improvement Act HR. 2803 - Housing Finance Oversight HR. 2622 - Fair and Accurate Credit Transactions Act S. 1656 - Regulation of Secondary Mortgage Market Enterprises S. 1928 - Predatory Lending Consumer Protection Act of 2003 S. 1753 - National Consumer Credit Reporting System Improvement Act of 2003

Client expense: $482,687 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of

S. 1375/H.R. 2802, SBA 50th Anniversay Reauthorizaton Act, all provisions. S1508/H.R. 2575, Federal Enterprize Regulatory Reform Act,all provisions. S1637, Jumpstart our Business Strenght Act,all provisions. H.R. 4341, Postal Accountability and Enhancement Act, all provisions. H.R. 3579, Credit Union Regulatory Improvement Act, all provisons. H.R. 3574, Zero Down Payment Act of 2004, all provisions. H.R. 4600, Junk Fax Prevention Act, all provisions. SJ Res 31 & 32, OCC Preemption, all provsions. H.R. 833, Responsible Lending Act, all provisons. H.R. 1375, Federal Services Regulatory Relief Act, all provisons. H.R. 758/S.553, Business Checking Freedom Act, all provisons. H.R. 1115, Class Action Fairness Act, all provsions. H.R. 2420, Mutual Fund Integrity Act, all provisions. H.R. 975, Bankruptcy Abuse Prevention and Consumer Protection Act, all provisions. H.R. 522, Federal Deposit Insurance Reform, all provisons. H.R. 1375, Financial Services Regulatory Relief Act, all provisions. S. 877 CAN-SPAM Act of 2003, all provisions. H.R. 3108, Pension Funding Equity Act of 2003, all provisions.

Client expense: $56,457 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 1375/H.R. 2802, SBA 50th Anniversay Reauthorizaton Act, all provisions. S1508/H.R. 2575, Federal Enterprize Regulatory Reform Act,all provisions. S1637, Jumpstart our Business Strenght Act,all provisions. H.R. 4341, Postal Accountability and Enhancement Act, all provisions. H.R. 3579, Credit Union Regulatory Improvement Act, all provisons. H.R. 3574, Zero Down Payment Act of 2004, all provisions. H.R. 4600, Junk Fax Prevention Act, all provisions. SJ Res 31 & 32, OCC Preemption, all provsions. H.R. 833, Responsible Lending Act, all provisons. H.R. 1375, Federal Services Regulatory Relief Act, all provisons. H.R. 758/S.553, Business Checking Freedom Act, all provisons. H.R. 1115, Class Action Fairness Act, all provsions. H.R. 2420, Mutual Fund Integrity Act, all provisions. H.R. 975, Bankruptcy Abuse Prevention and Consumer Protection Act, all provisions. H.R. 522, Federal Deposit Insurance Reform, all provisons. H.R. 1375, Financial Services Regulatory Relief Act, all provisions. S. 877 CAN-SPAM Act of 2003, all provisions. H.R. 3108, Pension Funding Equity Act of 2003, all provisions.

Client expense: $56,457 · Firm income: Not reported

Legislation on Government Sponsored Enterprises S. 1508,Federal Enterprise Regulatory Reform Act H.R. 2575, Secondary Mortgage Market Enterprises Regulatory Improvement Act H.R. 2803, Housing Finance Regulatory Restructuring Act

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

legislation on Government Sponsored Enterprises S. 1508,Federal Enterprise Regulatory Reform Act H.R. 2575, Secondary Mortgage Market Enterprises Regulatory Improvement Act H.R. 2803, Housing Finance Regulatory Restructuring Act

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 111/S. 98-Community Choice in Real Estate Act would ensure that banks would not be allowed to engage in the selling or direct purchasing of property. H.R. 1357-Homeowners Emergency Assistance Act would restore home mortgage assistance through the FHA single-family mortgage insurance program. H.R. 1443-Access to affordable Mortgages Act would change language in laws that allow for ARMs, so they state that ARMs are capped at 1% for terms of 3 years and under, as opposed to the current 5 years and under. S. 1928- Predatory Lending Consumer Protection is a federal anti-predatory lending bill containing case-by-case review of a borrower's ability to repay the loan and no assignment of liability. H.R. 2575-Secondary Mortgage Market Enterprises Regulatory Improvement Act would amend the Homeowners' Loan Act to rename the Office of Thrift Supervision as the Office of Housing Finance Supervision, giving this office direct authority over Fannie Mae and Freddie Mac to ensure they are financially safe and adequately capitalized. H.R. 2803-Housing Finance Regulatory Restructuring Act would establish the Office of Housing Finance Oversight in the Department of the Treasury to ensure the financial safety and soundness of Fannie Mae, Freddie Mac, and the Federal home loan banks. H.R. 284/S. 595-Housing Bond Fairness Act would rescind the sunset date on Mortgage Revenue Bonds, create a new qualifying system, and makes housing credit apartment production viable in rural areas. H.R. 975-Bankruptcy Abuse Prevention and Consumer Protection Act would reform bankruptcy laws to force people with the ability to repay their debts to file under Chapter 13, where courts establish repayment plans, instead of Chapter 7, which erases debts. H.R. 3507-Improving Homeownership in High Cost Areas, this bill would increase the conforming loan limit for states with a Statistical Metropolitan Area above the regular conforming loan limit. H.R. 3755-Zero Downpayment Act, amends the National Housing Act to authorize the Secretary of HUD to insure zero-downpayment mortgages for one-family residences. H.R. 4110-FHA Single Family Loan Limit Adjustment Act, would amend the National Housing Act to increase Federal Housing Administration (FHA) single family mortgage limits. Federal Reserve's decision to implement the Basel II Accord, the purpose of which is to reduce risk exposure to global economic cycles and level the playing field for large international banks. This Accord would update the original Basel Capital Accord from 1988. The U.S. Department of the Treasury is considering defining REALTORS as "Financial Institutions:, in that it related to the application of the anti-money laundering program of the USA PATRIOT Act. The Creation of a Federal Housing Authority sub-prime loan product for borrowers who would not meet traditional underwriting standards with respect to credit history; but meet the debt, income, and repayment ability standards. The proposed HUD rule to expand its offerings of adjustable rate mortgage products on FHA insured mortgages. The rule would create ARM products, the interest rate for 3 year and 5-year ARMs cannot change by more than 1% for the life of the loan. For 7-year and 10-year ARMs, the maximums are 2% annually and 6% for the life of the loan. Fannie Mae's and Freddie Mac's rule change that would boost interest rates or fees on cash-out refinancing that involve loans of more than 70% of a home's value, which could stop homeowners form tapping their equity. HUD's proposed rule on the Real Estate Settlement Procedures Act and its application. The OCC rule stating it "occupies the field" for all laws regarding national banks (Published at 69 Fed. Reg. 1895 (2004)). Ginnie Mae requirement that FHA insured mortgages that are prepayed still accumulate interest until the last day of the month that the prepayment is made. HUD's final rule on FHA multifamily loan limits.

HR. 1887 - Consumer Fairness Act of 2003 HR. 1865 - Prevention of Predatory Lending Through Education Act HR. 833 - Responsible Lending Act HR. 314 - Mortgage Servicing Clarification Act HR. 2575 - Secondary Mortgage Market Enterprises Regulatory Improvement Act HR. 2803 - Housing Finance Oversight HR. 2622 - Fair and Accurate Credit Transactions Act S. 1656 - Regulation of Secondary Mortgage Market Enterprises S. 1928 - Predatory Lending Consumer Protection Act of 2003 S. 1753 - National Consumer Credit Reporting System Improvement Act of 2003

Client expense: $540,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of

Issues related to restructuring the regulation of Government Sponsored Enterprises, including H.R. 2575 (Rep. Baker), H.R. 2803 (Rep. Royce), S. 1508 (Sen. Hagel) and S. 1656 (Sen. Corzine); Issues related to GSE registration under the securities laws of 1933 and 1934, including H.R. 2022 (Rep. Shays); Issues concerning extension of expiring provisions related to Federal preemption of state credit and affiliate-sharing laws in the Fair Credit Reporting Act, including H.R. 2622 (P.L. 108-159)(Rep. Bachus), S. 1753 (Sen. Shelby) and S. 660 (Sen. Johnson); Issues related to the activities and regulation of the Federal Home Loan Bank System, and issues generally impacting Government Sponsored Enterprises and the Office of Federal Housing Enterprise Oversight.

Client expense: Not reported · Firm income: $40,000

Government targets: Executive Office of the President (EOP), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

HR2575 Secondary Mortgage Market Enterprises REgulatory Improvement Act (monitoring only)

Client expense: $140,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Vice President of the U.S., White House Office

Issues related to restructuring the regulation of Government Sponsored Enterprises, including H.R. 2575 (Rep. Baker), H.R. 2803 (Rep. Royce), S. 1508 (Sen. Hagel) and S. 1656 (Sen. Corzine); Issues related to GSE registration under the securities laws of 1933 and 1934, including H.R. 2022 (Rep. Shays); Issues concerning extension of expiring provisions related to Federal preemption of state credit and affiliate-sharing laws in the Fair Credit Reporting Act, including H.R. 2622 (P.L. 108-159)(Rep. Bachus), S. 1753 (Sen. Shelby) and S. 660 (Sen. Johnson); Issues related to the activities and regulation of the Federal Home Loan Bank System, and issues generally impacting Government Sponsored Enterprises and the Office of Federal Housing Enterprise Oversight.

Client expense: Not reported · Firm income: $40,000

Government targets: Executive Office of the President (EOP), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

HR. 1887 - Consumer Fairness Act of 2003 HR. 1865 - Prevention of Predatory Lending Through Education Act HR. 833 - Responsible Lending Act HR. 314 - Mortgage Servicing Clarification Act HR. 2575 - Secondary Mortgage Market Enterprises Regulatory Improvement Act HR. 2803 - Housing Finance Oversight HR. 2622 - Fair and Accurate Credit Transactions Act S. 1656 - Regulation of Secondary Mortgage Market Enterprises S. 1928 - Predatory Lending Consumer Protection Act of 2003 S. 1753 - National Consumer Credit Reporting System Improvement Act of 2003

Client expense: $540,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of

H.R. 111 / S. 98 - Community Choice in Real Estate Act would ensure that banks would not be allowed to engage in the selling or direct purchasing of property. H.R. 1357 - Homeowners Emergency Assistance Act would restore home mortgage assistance through the FHA single-family mortgage insurance program. H.R. 1443 - Access to affordable Mortgages Act would change language in laws that allow for ARMs, so they state that ARMs are capped at 1% for terms of 3 years and under, as opposed to the current 5 years and under. S. 1928 - Predatory Lending Consumer Protection is a federal anti-predatory lending bill containing case-bycase review of a borrower's ability to repay the loan and no assignment of liability. H.R. 2575 Secondary Mortgage Market Enterprises Regulatory Improvement Act would amend the Homeowners' Loan Act to rename the Office of Thrift Supervision as the Office of Housing Finance Supervision, giving this office direct authority over Fannie Mae and Freddie Mac to ensure they are financially safe and adequately capitalized. H.R. 2803 - Housing Finance Regulatory Restructuring Act would establish the Office of Housing Finance Oversight in the Department of the Treasury to ensure the financial safety and soundness of Fannie Mae, Freddie Mac, and the Federal home loan banks. H.R. 284/ S. 595 - Housing Bond Fairness Act would rescind the sunset date on Mortgage Revenue Bonds, create a new qualifying system, and makes housing credit apartment production viable in rural areas. H.R. 975 - Bankruptcy Abuse Prevention and Consumer Protection Act would reform bankruptcy laws to force people with the ability to repay their debts to file under Chapter 13, where courts establish repayment plans, instead of Chapter 7, which erases debts. Federal Reserves' decision to implement the Basel II Accord, the purpose of which is to reduce risk exposure to global economic cycles and level the playing field for large international banks. This Accord would update the original Basel Capital Accord from 1988, which is outdated in today's economy. The U.S. Department of the Treasury is considering defining REALTORS as "Financial Institutions", in that it relates to the application of the anti-money laundering program of the USA PATRIOT Act. The Creation of a Federal Housing Authority sub-prime loan product for borrowers who would not meet traditional underwriting standards with respect to credit history; but meet the debt, income, and repayment ability standards. The proposed HUD rule to expand its offerings of adjustable rate mortgage products on FHA insured mortgages. The rule would create ARM products, the interest rate for 3-year and 5-year Arms cannot change by more than 1% for the life of the loan. For seven-year and 10-year ARMs, the Maximums are 2% annually and 6% for the life of the loan. Fannie Mae's and Freddie Mac's rule change that would boost interest rates or fees on cash-out refinancing that involve loans of more than 70% of a home's value, which could stop homeowners from tapping their equity. HUD's proposed rule on the Real Estate Settlement Procedures Act and its application.

H.R.2575 - Changing oversight of Government Sponsored Enterprises from OFHEO to Office of Thrift Supervision.

Client expense: $450,000 · Firm income: Not reported

H.R. 2022 (Rep. Shays), issues related to registration under the securities laws; Issues related to restructuring the regulation of Government Sponsored Enterprises, including H.R. 2575 (Rep. Baker); Extension of expiring provisions related to Federal preemption in the Fair Credit Reporting Act (H.R. 2622, S. 660); Issues related to the activities and regulation of the Federal Home Loan Bank System; Issues impacting Government Sponsored Enterprises in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (H.R. 2).

Client expense: Not reported · Firm income: $40,000

Government targets: Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H.R. 2575, Changing oversight of Government Sponsored Enterprises from OFHEO to Office of Thrift Supervision.

Client expense: $380,000 · Firm income: Not reported

Legislation on Government Sponsored Enterprises, H.R. 2022, Leave No Securities Behind Act H.R. 2575, Secondary Mortgage Market Enterprises Regulatory Improvement Act H.R. 2803, Housing Finance Regulatory Restructuring Act of 2003

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Legislation on Government Sponsored Enterprises, H.R. 2022, Leave No Securities Behind Act H.R. 2575, Secondary Mortgage Market Enterprises Regulatory Improvement Act H.R. 2803, Housing Finance Regulatory Restructuring Act of 2003

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE