FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

H.R. 2895, the National Affordable Housing Trust Fund Act (all provisions) H.R. 5818, the Neighborhood Stabilization Act of 2008 (all provisions) H.R. 3221, the Renewable Energy and Energy Conservation Tax Act of 2007 (substitution of S. 2636, the Foreclosure Prevention Act of 2008, all provisions; interest rate cap amendment) H.R. 5830, the FHA Housing Stabilization and Homeownership Retention Act of 2008 (all provisions) H.R. 6694, the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (all provisions) Proposed Dept. of Housing and Urban Development rule to amend the Real Estate Settlement Procedures Act (RESPA)

Client expense: $1,930,000 · Firm income: Not reported

Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Social Security Administration (SSA), Treasury, Dept of, White House Office

(House bill) H.R. 3221; American Housing Rescue and Foreclosure Prevention Act of 2008; Down Payment Assistance (Senate bill) H.R. 3221; Foreclosure Prevention Act of 2008; Down Payment Assistance H.R. 1424; Emergency Economic Stabilization Act; Down Payment Assistance (not included in final passage) H.R. 6694; FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008; (the whole bill); To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Sec. of HUD under title II of the National Housing Act and to authorize risk-based insurance premiums for certain mortgagors under such mortgages.

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1424 - The Emergency Economic Stabilization Act of 2008 - Troubled Assets Relief Program (TARP) H.R. 6694 - FHA Seller-Financed Downpayment Reform and Risk-based Pricing Federal Housing Finance Agency (FHFA) Housing Insurance Issues

Client expense: $495,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

Downpayment Assistance Programs & Affordable Housing: FHA Seller-Financed Downpayment Reform and FHA Modernization Legislation; The Foreclosure Prevention Act (Housing Stimulus Bill); HR 1424 Emergency Economic Stabilization Act of 2008. HR 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

Downpayment Assistance Programs & Affordable Housing: FHA Seller-Financed Downpayment Reform and FHA Modernization Legislation; The Foreclosure Prevention Act (Housing Stimulus Bill); HR 1424 Emergency Economic Stabilization Act of 2008. HR 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

Downpayment Assistance Programs & Affordable Housing: FHA Seller-Financed Downpayment Reform and FHA Modernization Legislation; The Foreclosure Prevention Act (Housing Stimulus Bill); HR 1424 Emergency Economic Stabilization Act of 2008. HR 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

H.R. 1424, the Emergency Economic Stabilization Act; and H.R. 6694, the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: Not reported · Firm income: $150,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 5140: House Stimulus Package; Economic Stimulus Act of 2008; Affordable Housing Investment Act; H.R. 2895/S. 2523: National Affordable Housing Trust Fund Act of 2007; H.R. 1427: Federal Housing Finance Reform Act of 2007; H.R. 1852/ S. 2338: Expanding American Homeowership Act of 2007, HR 3221: Foreclosure Prevention Act of 2008, S. 2666 Affordable Housing Investment Act of 2007 H.R. 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: $740,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Rural Housing Preservation; H.R. 5140: Economic Stimulus Act of 2008; H.R. 2895/S. 2523: National Affordable Housing Trust Fund Act of 2007; H.R. 1851: Section 8 Voucher Reform Act of 2007; Low-Income Housing Tax Credit Legislation; VA Loan Guarantee Program; Affordable Housing Investment Act; H. R. 1852/S. 2338: Expanding American Homeownership Act of 2007; H.R. 3915/S. 2452: Mortgage Reform and Anti-Predatory Lending Act of 2007; H.R. 3609: Emergency Home Ownership and Mortgage Equity Protection Act of 2007; S. 2136: Helping Families Save Their Homes in Bankruptcy Act of 2007; H.R. 3221: American Housing Rescue and Foreclosure Prevention Act of 2008; Renewable Energy and Energy Conservation Act; HR 6078 GREEN Act; H.R. 1424 Economic Stabilization Act of 2008; H.R. 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: $740,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 3915 - Mortgage Reform and Anti-Predatory Lending Act of 2007 - Title I: Residential Mortgage Loan Origination - Subtitle A: Licensing System for Residential Mortgage Loan Originators - Encourages the states, through the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, to establish a Nationwide Mortgage Licensing System and Registry (NMLSR) for the residential mortgage industry. H.R. 2895 - National Affordable Housing Trust Fund Act of 2007 - Amends the Cranston-Gonzalez National Affordable Housing Act to establish in the Treasury the National Affordable Housing Trust Fund (Fund). Declares that: (1) the Fund shall consist of certain amounts of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation transferred to the Fund under specified law, including Federal Housing Administration (FHA) savings; and (2) all assistance provided from the Fund shall be considered to be federal financial assistance. H.R. 5818 - Neighborhood Stabilization Act of 2008 - Directs the Secretary of Housing and Urban Development (HUD) to make grants and loans to qualified states, metropolitan cities, and urban counties, in accordance with HUD-approved plans, to carry out eligible housing stimulus activities. H.R. 6521 - The Federal Housing Finance Regulatory Reform Act (FHA Housing Stabilization & Homeownership Retention Act) would permit FHA to provide [up to $300 billion] in new guarantees that would help to refinance at-risk borrowers into viable mortgages. When the borrower sells the home or refinances the loan, the borrower will pay from any profits the higher of (1) an ongoing exit fee equal to 3 percent of the original FHA loan balance; or (2) a declining percentage of any profits (e.g., from 100 percent in year one to 20 percent in year five and 0 thereafter). After year five only the 3 percent exit fee will apply. H.R. 6694 - The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 would revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act and to authorize risk-based insurance premiums for certain mortgagors under such mortgages. S. 1299 - Borrower's Protection Act of 2007 - Amends the Truth in Lending Act to deem a mortgage broker, in the case of a home mortgage loan, to have a fiduciary relationship with the consumer. Subjects each such mortgage broker to all federal and state requirements for fiduciaries. S. 2338 - FHA Modernization Act of 2007 (Building American Homeownership Act of 2007) - Amends the National Housing Act to: (1) modify requirements for the maximum principal loan obligation, changing one element in the formula from 95% to 100% of the median one-family house price in the area; and (2) limit the principal loan obligation to 100% of the appraised value of the property. Amends the National Housing Act to revise eligibility criteria for cash down payment for Federal Housing Administration (FHA) mortgage insurance. Reduces such payment from the current 3% to 1.5% of the appraised value of the property. S. 2595 - The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 would require licensing for loan originators on a national level as well as state level. HUD RESPA Proposal - C.A.R. is opposing this specific RESPA Reform proposal because of concerns that it goes beyond the original scope of the proposal, the timing of the provisions, and targeted comments that seem to be directed at specific at volume discounts, average cost pricing, price tolerances, a new definition of "required use", and a new "closing script" which must be read aloud at closing. C.A.R. sent a comment letter to the California Congressional delegates concerning the need for an economic stimulus package that included: An extension of the GSE and FHA loan limits at their current 2008 levels, removing the payback requirement for the $7,500 first-time homebuyer tax credit and allowing buyers to utilize these funds at the time of home purchase at no additional cost, preserving the ability for creditworthy homebuyers to receive seller-funded downpayment assistance, and preventing unscrupulous foreclosure consultants from preying upon uninformed and vulnerable homeowners. Additionally, lenders participating in the Troubled Assets Relief Program (TARP) should be required to extend credit down to Main Street (making credit more available to consumers and small businesses), expedite the process for short sales, and expedite the resolution of banks real estate owned (REO) properties.

Client expense: $30,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), SENATE, Treasury, Dept of

H.R.1852, Expanding American Homeownership Act of 2007, Homebuyer mortgage assistance related issues. S.2338, FHA Modernization Act of 2007, Homebuyer mortgage assistance related issues. H.R.5140, Economic Stimulus Act of 2008, FHA issues. H.R.3221/S.2636, Foreclosure Prevention Act of 2008, FHA issues. S.3261, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, FY2009, Housing issues. H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, Housing reform issues.

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

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

H.R.1852, Expanding American Homeownership Act of 2007, Homebuyer mortgage assistance related issues. S.2338, FHA Modernization Act of 2007, Homebuyer mortgage assistance related issues. H.R.5140, Economic Stimulus Act of 2008, FHA issues. H.R.3221/S.2636, Foreclosure Prevention Act of 2008, FHA issues. S.3261, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, FY2009, Housing issues. H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, Housing reform issues.

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

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

H.R.1852, Expanding American Homeownership Act of 2007, Homebuyer mortgage assistance related issues. S.2338, FHA Modernization Act of 2007, Homebuyer mortgage assistance related issues. H.R.5140, Economic Stimulus Act of 2008, FHA issues. H.R.3221/S.2636, Foreclosure Prevention Act of 2008, FHA issues. S.3261, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, FY2009, Housing issues. H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, Housing reform issues.

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

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

HR 964 - Spy Act HR 1525- Internet Spyware (I-SPY) Prevention Act of 2007 HR 852 - To prohibit the obtaining of customer information from telecommunications carriers by false pretenses, and the sale or disclosure of such records obtained by false pretenses. HR 936 - To prohibit fraudulent access to telephone records HR 251 - Truth in Caller ID Act of 2007 HR 740 - Preventing Harassment through Outbound Number Enforcement (PHONE) Act of 2007 HR 958 - Data Accountability and Trust Act HR1685 - Data Security Act of 2007 HR 2885 - To amend the Credit Repair Organizations Act to clarify the applicability of certain provisions to credit monitoring services, and for other purposes. HR 4175 - Privacy and Cybercrime Enforcement Act of 2007 HR 275 - Global Online Freedom Act of 2007 S 92 - Protecting Consumer Phone Records Act S 239 - Notification of Risk to Personal Data Act of 2007 S 495 - Personal Data Privacy and Security Act of 2007 S 704 - To amend the Communications Act of 1934 to prohibit manipulation of caller identification information S 780 - Protecting Consumer Phone Records Act S 1202 - Personal Data Protection Act of 2007 S 1654 - To prohibit the sale or provision of caller ID spoofing services S 1260 - Data Security Act of 2007 S 1625 - Counter Spy Act S 1178 - Identity Theft Prevention Act S 2168 - Identity Theft Enforcement and Restitution Act of 2007 S 2661 - Anti-Phishing Consumer Protection Act of 2008' or the `APCPA' HR 1424 - Emergency Economic Stabilization Act of 2008 HR 6694 - FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1427, Federal Housing Finance Reform Act of 2007 H.R. 1491, Affordable Housing Preservation Tax Relief Act of 2007 H.R. 1852, Expanding American Homeownership Act of 2007 H.R. 1851, Section 8 Voucher Reform Act of 2007 H.R. 3221, Foreclosure Prevention Act of 2008 H.R. 5818, Neighborhood Stabilization Act of 2008 H.R. 5830, FHA Housing Stabilization and Homeownership Retention Act of 2008 S. 1318, Affordable Housing Preservation Act of 2007 S. 2684, Section 8 Voucher Reform Act of 2008 H.R. 5963, S. 3034, Protecting Tenants at Foreclosure Act of 2008 H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 P.L. 110-289, Housing and Economic Recovery Act of 2008 P.L. 109-162, Violence Against Women Act P.L. 110-329, Continuing Resolution H.R. 1424, Emergency Economic Stabilization Act of 2008 PL 110-343 Financial Rescue Bill

Client expense: $484,300 · Firm income: Not reported

Government targets: Consumer Product Safety Commission (CPSC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), SENATE

H.R. 1491, Affordable Housing Preservation Tax Relief Act of 2007 H.R. 3997, Heroes Earnings Assistance and Relief Tax Act of 2007 H.R. 5720, Housing Assistance Tax Act of 2008 S. 1318, Affordable Housing Preservation Act of 2007 S. 2886, Alternative Minimum Tax and Extenders Tax Relief Act of 2008 H.R. 3221, Fireclosure Prevention Act of 2008 H.R. 6049, Renewable Energy and Job Creation Act of 2008 H.R. 6275, Alternative Minimum Tax Relief Act of 2008 H.R. 3970, Tax Reduction and Reform Act of 2007 H.R. 2419, P.L. 110-246 Food Conservation and Energy Act of 2008 H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008. P.L. 110-289, Housing and Economic Recovery Act of 2008 H.R. 7325, The Economic Recovery through Responsible Home Ownership Act H.R. 4574, Depreciation of Certain Systems

Client expense: $484,300 · Firm income: Not reported

Government targets: Consumer Product Safety Commission (CPSC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), SENATE

H.R.3524: HOPE VI Improvement and Reauthorization Act of 2007; Rural Housing Preservation; H.R. 5140: Economic Stimulus Act of 2008; H.R. 2895/S. 2523: National Affordable Housing Trust Fund Act of 2007; H.R. 1851: Section 8 Voucher Reform Act of 2007; Low-Income Housing Tax Credit Legislation; VA Loan Guarantee Program; Affordable Housing Investment Act; H. R. 1852/S. 2338: Expanding American Homeownership Act of 2007; H.R. 3915/S. 2452: Mortgage Reform and Anti-Predatory Lending Act of 2007; H.R. 3609: Emergency Home Ownership and Mortgage Equity Protection Act of 2007; S. 2136: Helping Families Save Their Homes in Bankruptcy Act of 2007; H.R. 3221: American Housing Rescue and Foreclosure Prevention Act of 2008; Renewable Energy and Energy Conservation Act; HR 6078 GREEN Act; H.R. 1424 Economic Stabilization Act of 2008; H.R. 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: $852,689 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

HR 5140: House Stimulus Package; Economic Stimulus Act of 2008; Affordable Housing Investment Act; H.R. 2895/S. 2523: National Affordable Housing Trust Fund Act of 2007; H.R. 1427: Federal Housing Finance Reform Act of 2007; H.R. 1852/ S. 2338: Expanding American Homeowership Act of 2007, HR 3221: Foreclosure Prevention Act of 2008, S. 2666 Affordable Housing Investment Act of 2007 H.R. 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: $852,689 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

HR 1424 Emergency Economic Stabilization Act, regarding impact on banking and Trouble Asset Relief Program (TARP); HR 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, regarding mortgage and credit card practices; HR 6871 Expedited Funds Availability Dollar Limits Adjustment Act of 2008, regarding future adjustments of amounts and next business day availability for cash withdrawal; HR 5767 Payment Systems Protection Act of 2008, regarding Treasury involvement in regulation of money and finance; HR 5244 Credit Cardholders' Bill of Rights Act, regarding legislative prohibition of credit card practices; HR 5546/S 3086 Credit Card Fair Fee Act, regarding legislative price fixing bureaucracy; HR 3010/S 1782 Arbitration Fairness Act of 2007, regarding impact of anti-arbitration clauses in credit card agreements; issues involving FTC examination of debt collection practices.

Client expense: $1,010,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Education, Dept of, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

H.R. 3915 - Mortgage Reform and Anti-Predatory Lending Act of 2007 - Title I: Residential Mortgage Loan Origination - Subtitle A: Licensing System for Residential Mortgage Loan Originators - Encourages the states, through the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, to establish a Nationwide Mortgage Licensing System and Registry (NMLSR) for the residential mortgage industry. H.R. 2895 - National Affordable Housing Trust Fund Act of 2007 - Amends the Cranston-Gonzalez National Affordable Housing Act to establish in the Treasury the National Affordable Housing Trust Fund (Fund). Declares that: (1) the Fund shall consist of certain amounts of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation transferred to the Fund under specified law, including Federal Housing Administration (FHA) savings; and (2) all assistance provided from the Fund shall be considered to be federal financial assistance. H.R. 3221 - Foreclosure Prevention Act of 2008 Includes GSE and FHA reform, including: increases the conforming loan limit, prohibits the maximum principal loan obligation from exceeding 100% of the appraised value of the property, increases from 3% to 3.5% of the appraised value of a property the mortgagor's required cash (or equivalent) investment (downpayment), prohibits any funds for such cash investment from: (1) the seller or any other person or entity benefiting financially from the transaction (seller-funded downpayment assistance); or (2) any third party or entity reimbursed by any of such parties, tax provisions, and extends through 2009 the tax credit for residential energy efficiency improvements. Also includes an FHA Rescue Plan which would allow for lenders to write down loans to 85% of their appraised value but then those loans would be purchased and insured under FHA and would ban seller funded downpayment assistance programs on FHA insured loans. H.R. 5818 - Neighborhood Stabilization Act of 2008 - Directs the Secretary of Housing and Urban Development (HUD) to make grants and loans to qualified states, metropolitan cities, and urban counties, in accordance with HUD-approved plans, to carry out eligible housing stimulus activities. H.R. 6694 - The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 would revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act and to authorize risk-based insurance premiums for certain mortgagors under such mortgages. S. 1299 - Borrower's Protection Act of 2007 - Amends the Truth in Lending Act to deem a mortgage broker, in the case of a home mortgage loan, to have a fiduciary relationship with the consumer. Subjects each such mortgage broker to all federal and state requirements for fiduciaries. S. 2338 - FHA Modernization Act of 2007 (Building American Homeownership Act of 2007) - Amends the National Housing Act to: (1) modify requirements for the maximum principal loan obligation, changing one element in the formula from 95% to 100% of the median one-family house price in the area; and (2) limit the principal loan obligation to 100% of the appraised value of the property. Amends the National Housing Act to revise eligibility criteria for cash down payment for Federal Housing Administration (FHA) mortgage insurance. Reduces such payment from the current 3% to 1.5% of the appraised value of the property. S. 2595 - The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 would require licensing for loan originators on a national level as well as state level. Hope for Homeowners Act of 2008 - The HOPE for Homeowners Act of 2008" creates a new program within FHA to back FHA-insured mortgages to distressed borrowers. The program is built on five principles: 1. Long-term Affordability. 2. No investor or lender bailout. 3. No windfall for borrowers. 4. Voluntary Participation. 5. Restore confidence, liquidity, and transparency. Federal Housing Finance Regulatory Reform Act (FHA Housing Stabilization & Homeownership Retention Act)- Program would permit FHA to provide [up to $300 billion] in new guarantees that would help to refinance at-risk borrowers into viable mortgages. When the borrower sells the home or refinances the loan, the borrower will pay from any profits the higher of (1) an ongoing exit fee equal to 3 percent of the original FHA loan balance; or (2) a declining percentage of any profits (e.g., from 100 percent in year one to 20 percent in year five and 0 thereafter). After year five only the 3 percent exit fee will apply. HUD RESPA Proposal - C.A.R. is opposing this specific RESPA Reform proposal because of concerns that it goes beyond the original scope of the proposal, the timing of the provisions, and targeted comments that seem to be directed at specific at volume discounts, average cost pricing, price tolerances, a new definition of "required use", and a new "closing script" which must be read aloud at closing.

Client expense: $30,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), SENATE, Treasury, Dept of

(House bill) H.R. 3221, American Housing Rescue and Foreclosure Prevention Act of 2008, Down Payment Assistance (Senate bill) H.R. 3221, Foreclosure Prevention Act of 2008, Down Payment Assistance H.R. 1424, Emergency Economic Stabilization Act, Down Payment Assistance (not included in final passage) H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, (the whole bill), To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of HUD under title II of the National Housing Act and to authorize risk-based insurance premiums for certain mortgagors under such mortgages.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (entire bill); HR 3221/Public Law No: 110-289 Housing and Economic Recovery Act of 2008 (entire bill); HR 1424/Public Law No. 110-343 - Emergency Economic Stabilization Act of 2008 (market & housing provisions)

Client expense: $590,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Oceanic & Atmospheric Administration (NOAA), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Trade Representative (USTR), White House Office

H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008; H.R. 1424, the Emergency Economic Stabilization Act; and H.R. 6694, the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: Not reported · Firm income: $190,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 2895, the National Affordable Housing Trust Fund Act (all provisions) H.R. 5818, the Neighborhood Stabilization Act of 2008 (all provisions) H.R. 5830, the FHA Housing Stabilization and Homeownership Retention Act of 2008 (all provisions) H.R. 6694, the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (all provisions) Housing and mortgage market policies Proposed Dept. of Housing and Urban Development rule to amend the Real Estate Settlement Procedures Act (RESPA)

Client expense: $2,340,000 · Firm income: Not reported

Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Social Security Administration (SSA), Treasury, Dept of, White House Office

H.R. 1491, Affordable Housing Preservation Tax Relief Act of 2007 H.R. 3997, Heroes Earnings Assistance and Relief Tax Act of 2007 H.R. 5720, Housing Assistance Tax Act of 2008 S. 1318, Affordable Housing Preservation Act of 2007 S. 2886, Alternative Minimum Tax and Extenders Tax Relief Act of 2008 H.R. 3221, Fireclosure Prevention Act of 2008 H.R. 6049, Renewable Energy and Job Creation Act of 2008 H.R. 6275, Alternative Minimum Tax Relief Act of 2008 H.R. 3970, Tax Reduction and Reform Act of 2007 H.R. 2419, P.L. 110-246 Food Conservation and Energy Act of 2008 H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008. P.L. 110-289, Housing and Economic Recovery Act of 2008

Client expense: $375,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), SENATE

H.R. 1427, Federal Housing Finance Reform Act of 2007 H.R. 1491, Affordable Housing Preservation Tax Relief Act of 2007 H.R. 1852, Expanding American Homeownership Act of 2007 H.R. 1851, Section 8 Voucher Reform Act of 2007 H.R. 3221, Foreclosure Prevention Act of 2008 H.R. 5818, Neighborhood Stabilization Act of 2008 H.R. 5830, FHA Housing Stabilization and Homeownership Retention Act of 2008 S. 1318, Affordable Housing Preservation Act of 2007 S. 2684, Section 8 Voucher Reform Act of 2008 H.R. 5963, S. 3034, Protecting Tenants at Foreclosure Act of 2008 H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 P.L. 110-289, Housing and Economic Recovery Act of 2008 P.L. 109-162, Violence Against Women Act P.L. 110-329, Continuing Resolution H.R. 1424, Emergency Economic Stabilization Act of 2008

Client expense: $375,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), SENATE

HR 964 - Spy Act HR 1525- Internet Spyware (I-SPY) Prevention Act of 2007 HR 852 - To prohibit the obtaining of customer information from telecommunications carriers by false pretenses, and the sale or disclosure of such records obtained by false pretenses. HR 936 - To prohibit fraudulent access to telephone records HR 251 - Truth in Caller ID Act of 2007 HR 740 - Preventing Harassment through Outbound Number Enforcement (PHONE) Act of 2007 HR 958 - Data Accountability and Trust Act HR1685 - Data Security Act of 2007 HR 2885 - To amend the Credit Repair Organizations Act to clarify the applicability of certain provisions to credit monitoring services, and for other purposes. HR 4175 - Privacy and Cybercrime Enforcement Act of 2007 HR 275 - Global Online Freedom Act of 2007 S 92 - Protecting Consumer Phone Records Act S 239 - Notification of Risk to Personal Data Act of 2007 S 495 - Personal Data Privacy and Security Act of 2007 S 704 - To amend the Communications Act of 1934 to prohibit manipulation of caller identification information S 780 - Protecting Consumer Phone Records Act S 1202 - Personal Data Protection Act of 2007 S 1654 - To prohibit the sale or provision of caller ID spoofing services S 1260 - Data Security Act of 2007 S 1625 - Counter Spy Act S 1178 - Identity Theft Prevention Act S 2168 - Identity Theft Enforcement and Restitution Act of 2007 S 2661 - Anti-Phishing Consumer Protection Act of 2008' or the `APCPA' HR 1424 - Emergency Economic Stabilization Act of 2008 HR 6694 - FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Mortgage Disclosure/HUD's proposed RESPA Rule HR 3915 Mortgage Reform & Anti-Predatory Lending Act of 2007 HR 2452 Home Ownership Preservation & Protection Act of 2007 HR 3221 Housing & Economic Recovery Act of 2008 HR 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Client expense: Not reported · Firm income: $70,000

Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE

Mortgage Disclosure HR 3915 Mortgage Reform & Anti-Predatory Lending Act of 2007 HR 2452 Home Ownership Preservation & Protection Act of 2007 HR 3221 Housing & Economic Recovery Act of 2008 HR 6694 FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 HR 1424 Emergency Economic Stabilization Act of 2008

Client expense: Not reported · Firm income: $70,000

Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE

H.R.1852, Expanding American Homeownership Act of 2007, Homebuyer mortgage assistance related issues. S.2338, FHA Modernization Act of 2007, Homebuyer mortgage assistance related issues. H.R.5140, Economic Stimulus Act of 2008, FHA issues. H.R.3221/S.2636, Foreclosure Prevention Act of 2008, FHA issues. S.3261/H.R. TBD, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, FY2009, Housing issues. H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, Housing reform issues.

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

H.R.1852, Expanding American Homeownership Act of 2007, Homebuyer mortgage assistance related issues. S.2338, FHA Modernization Act of 2007, Homebuyer mortgage assistance related issues. H.R.5140, Economic Stimulus Act of 2008, FHA issues. H.R.3221/S.2636, Foreclosure Prevention Act of 2008, FHA issues. S.3261/H.R. TBD, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, FY2009, Housing issues. H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, Housing reform issues.

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

H.R.1852, Expanding American Homeownership Act of 2007, Homebuyer mortgage assistance related issues. S.2338, FHA Modernization Act of 2007, Homebuyer mortgage assistance related issues. H.R.5140, Economic Stimulus Act of 2008, FHA issues. H.R.3221/S.2636, Foreclosure Prevention Act of 2008, FHA issues. S.3261/H.R. TBD, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, FY2009, Housing issues. H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, Housing reform issues.

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

H.R. 3221 - The American Housing Rescue and Foreclosure Prevention Act H.R. 1424 - Emergency Economic Stabilization Act of 2008 H.R. 6694 - FHA Seller - Financed Downpayment Reform & Risk Based Pricing Authority Act of 2008

Client expense: $940,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE