Reverse Mortgages to Help America's Seniors Act

H.R. 3074, Transportation-Treasury-HUD Appropriations for FY 2008, Section 5310 and 5317, plus all provisions dealing with accessible transportation and housing for individuals with disabilities. H.R. 2638, Homeland Security Appropriations for FY 2008, provisions dealing with security issues and housing for individuals with disabilities. P.L.109-171, (S. 1932), Deficit Reduction Act of 2005, provisions dealing with Medicaid, TANF, Family Opportunity Act, and other human services issues, and Social Security. Budget Reconciliation Act, budget provisons dealing with education, housing, Social Security, transportation, health care. S. 3521, Stop Over Spending Act, provisions dealing with a proposed new budget process and control of Federal Spending. SSA's Limitation on Administrative Expenses budget proposal, provisions dealing with having enough SSA staff support for beneficiaries. Family Support Act, part of the Developmental Disabilities Assistance and Bill of Rights Act. New Freedom Initiative budget proposals concerning programs for persons with disabilities. Family Support Earmark. P.L. 110-28 (H.R. 2206) and H.R. 1591 (vetoed) Emergency Supplemental Appropriations - U.S. Troop Readiness, Veterans' Care, Katrina Recovery and Iraqui Accountability Appropriations Act of 2007. H.Con.Res.99 and S.Con.Res.21, FY 2008 Budet Resolution. H.R. 3043, Labor, Health and Human Services, Educatrion Appropriations.ties. H.R. 3043/S.1710, L-HHS-ED Appropriations for FY 2008, all provisions dealing with education (IDEA), NCLB, human services, and employment for persons with disabilities.

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

Government targets: Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Education, Dept of, Election Assistance Commission (EAC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Council on Disability, Office of Management & Budget (OMB), SENATE, Social Security Administration (SSA), Transportation, Dept of (DOT), Treasury, Dept of, White House Office

QUESTION 17. (CONTINUED FROM PAGE 2): Federal Reserve Board, Office of Comptroller of the Currency, Govt. Accountability Office, SEC, IRS, FDIC, National Credit Union Administration, Small Business Administration Financial Services for the Military, H.R. 485; Credit Union Conversion, H.R. 3206; Universal Default, H.R. 3492; USA PATRIOT Act, H.R. 3199, S. 1389; Overdraft Protection, H.R. 3449; IRA Accounts, H.R. 3574; State College Tuition Programs, H.R. 3585; Interchange Fees, H.R. 393; Pension Funding, H.R. 2830, S. 1783; Home Equity Conversion Mortgages, S. 1710, H.R. 2892. Deposit Insurance Reform, S. 1932; Regulatory Burden Relief, H.R. 3505, S. 2856; Risk-Based Capital Guidelines (Basel I-A and II); Deposit Insurance for industrial loan companies, H.R. 5746; Concentrations in Commercial Real Estate; Deposit Insurance Reform Act Implementing Regulations; Security Data Protection, Breach Notification & Security Freeze Bills, H.R. 3997, H.R. 4127, H.R. 5318, S. 3568; Regulations Implementing the Fair and Accurate Credit Transactions Act (FACT Act); Sarbanes-Oxley Act Implementation; Regulations Implementating the Junk Fax Protection Act; Dual Regulation of Insurance, S. 2509, H.R. 6225; CRA Regulations; Public Company Accounting Oversight Board Rules; Bank Secrecy Act Rules; Rules Regarding Money Services Businesses; Predatory Lending Regulations & Legislation, H.R.1295; Tax Legislation, H.R. 4297, H.R. 6111; Currency Transaction Report Legislation, H.R. 5341; National Flood Insurance Program Reform, H.R. 4973; FHA Legislation, H.R. 3043, H.R. 5121; Internet Gambling Legislation, H.R. 4411, H.R. 4777, H.R. 4954; Real Estate Brokerage Regulations & Legislation; OCC Preemption; USA PATRIOT Act Implementation & Legislation; OTS Preemption; Estate Tax Reform, H.R. 8, H.R. 5638; SBA Appropriations, H.R. 5672; Uniform State Tax Legislation, H.R. 1956; Terrorism Risk Insurance Legislation, Postal Service Reform Legislation, H.R. 6407; Export-Import Bank legislation, S. 3938; Bankruptcy bill, S. 4044; Financial Netting legislation, H.R. 5585; Dept. of Defense Authorization, H.R. 5122; Safe Ports Act, H.R. 4954; Credit Rating Agency bill, S. 3850. Regulation: Regulations implementing the Gramm-Leach-Bliley Act; Regulations on mortgage lending; Regulations on Overdraft Protection Programs; Regulations implementing the Truth-in-Savings Act, Reg DD; Regulations on the "Do Not Call" Registry; Regulation B of the SEC; Regulations on Privacy; Regulations on Available for Sale securities and securities that are other than temporarily impaired; Regulations on FDIC Preemption of State Laws. Regulations under the Truth-in-Lending A ct, Reg. Z; Capital Adequacy Regulations; SBA Regulations; Reports of Income and Condition; Regulations under the Sarbanes-Oxley Act; Regulation R of the Federal Reserve & SEC; Regulation on large depositors; EFT Regulation E; Regulation implementing the Regulatory Burden Relief Act; Federal Home Loan Bank Regulations. Legislation: Real Estate Brokerage and Management, S. 98, H.R. 111, Interest on Business Checking Accounts, H.R. 1224, S. 1586; GSE Regulations, S. 190, H.R. 1461; Credit Unions, H.R. 2317, H.R. 749; Fair Debt Collections Practices Amendments, H.R.1025;

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

Government targets: HOUSE OF REPRESENTATIVES, Office of Thrift Supervision (OTS), SENATE, Treasury, Dept of

H.R. 5503 - FHA Multifamily Loan Limit Adjustment Act of 2006 amends the National Housing Act to increase high-cost area and project-based additional mortgage loan limits for Federal Housing Administration (FHA)-insured mortgages for: (1) rental housing; (2) cooperative housing; (3) rehabilitation and neighborhood conservation housing insurance; (4) moderate income and displaced family housing; (5) housing for the elderly; and (6) condominiums. S. 1710 - Reverse Mortgages to Help America's Seniors Act would amend section 255 of the National Housing Act to remove the limitation on the number of reverse mortgages that may be insured under the FHA mortgage insurance program for such mortgages. S. 2597 - Federal Housing Fairness Act of 2006 would raise the FHA loan limits nationwide to the lesser of the conforming loan limit, or the median single-family home price in the area. Comment Letter on Competition in Real Estate - Comment letter was sent to the Chairman Ney and the House Financial Services Committee concerning hearings on "The Changing Real Estate Market" and competition in the industry. C.A.R. expressed their concerns over any attempts at further and burdensome federal regulations beyond the successful ones already in place. Additionally, we disputed the claim that there is a lack of competition in the real estate industry. H.R. 378 - Homeowners' Emergency Mortgage Assistance Act directs the Secretary of Housing and Urban Development to establish a mortgage emergency assistance program for qualifying homeowners with National Housing Act-insured mortgages who are temporarily unable to meet their obligations due to financial hardship beyond their control. H.R. 1461/S. 190 - Federal Housing Finance Reform Act of 2005 would amend the Housing and Community Development Act of 1992 to establish the Federal Housing Finance Agency, which shall have supervisory and regulatory authority over Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Federal Home Loan Bank Finance Corporation and the Housing Finance Oversight Board. Sets forth provisions respecting: capital levels, classifications, and undercapitalized entities, loan levels, housing goals, and enforcement and compliance. Also amends the Federal Home Loan Bank Act to increase total asset requirements for community financial institution members. Additionally, in the House, amendments (Garrett Amendment) were discussed concerning increasing the FHA conforming loan limits. H.R. 1999/S. 771 - State and Local Housing Flexibility Act of 2005 - Flexible Voucher Act of 2005 - Authorizes the Secretary of Housing and Urban Development (HUD) to make grants to public housing agencies to provide tenant-based and project-based rental assistance, and tenant-based first-time homeownership assistance to low-income individuals. (This program replaces the housing choice voucher program.) Sets forth program provisions. H.R. 3043 - Zero Downpayment Pilot Program Act of 2005 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure first-time homeowner zero-downpayment mortgages for one-family residences, including one- to three-unit dwellings, condominiums, cooperatives, and manufactured housing. H.R. 5121/S. 3535- Expanding American Homeownership Act will allow for the increase in FHA insurable limits from 95% of an area’s median home price with a ceiling of 87% of the conforming loan limit to 100% of an area’s median home price capped at 100% of the conforming loan limit, allow condos to be insured in the same manner as single-family homes, allow for the coverage of zero-down loans, allow for the FHA to insure 40-year mortgages, includes a provision intended to make it easier for homebuyers who are eligible for HECM (also known as a reverse mortgage) to gain access to the equity in their home, and allow the FHA to set its insurance premiums by risk. H.R. 176 - FHA Single Family Loan Limit Adjustment Act of 2005 amends the National Housing Act to increase Federal Housing Administration (FHA) single family mortgage limits.

Client expense: $60,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)