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LOBBYING REPORT |
Lobbying Disclosure Act of 1995 (Section 5) - All Filers Are Required to Complete This Page
2. Address
Address1 | 525 South Virgil Ave |
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City | Los Angeles |
State | CA |
Zip Code | 90020 |
Country | USA |
3. Principal place of business (if different than line 2)
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5. Senate ID# 7691-12
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6. House ID# 332870000
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TYPE OF REPORT | 8. Year | 2011 |
Q1 (1/1 - 3/31) | Q2 (4/1 - 6/30) | Q3 (7/1 - 9/30) | Q4 (10/1 - 12/31) |
9. Check if this filing amends a previously filed version of this report
10. Check if this is a Termination Report | Termination Date | |
11. No Lobbying Issue Activity |
INCOME OR EXPENSES - YOU MUST complete either Line 12 or Line 13 | |||||||||
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12. Lobbying | 13. Organizations | ||||||||
INCOME relating to lobbying activities for this reporting period was: | EXPENSE relating to lobbying activities for this reporting period were: | ||||||||
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Provide a good faith estimate, rounded to the nearest $10,000, of all lobbying related income for the client (including all payments to the registrant by any other entity for lobbying activities on behalf of the client). | 14. REPORTING Check box to indicate expense accounting method. See instructions for description of options. | ||||||||
Method A.
Reporting amounts using LDA definitions only
Method B. Reporting amounts under section 6033(b)(8) of the Internal Revenue Code Method C. Reporting amounts under section 162(e) of the Internal Revenue Code |
Signature | Digitally Signed By: Matthew Roberts, Federal Government Affairs Manager |
Date | 01/17/2012 |
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code FIN
16. Specific lobbying issues
H.R. 31-The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act. The legislation enhances the authority of FHFA's Inspector General and expands reporting requirements to Congress.
H.R. 463-Fannie Mae and Freddie Mac Transparency Act. Amends Fannie Mae and Freddie Mac's charters to provide that, during any period in which either entities are under conservatorship or receivership, it shall be considered an agency subject to the public information disclosure requirements of the Freedom of Information Act.
H.R. 940-United States Covered Bond Act. Would establish the regulatory framework for the creation of a covered bond market for real estate securities.
H.R. 1221-the Equity In Government Compensation Act. The legislation suspends the compensation packages for executives of Fannie Mae and Freddie Mac and places all other employees on the General Schedule pay scale.
H.R. 1222-the GSE Subsidy Elimination Act. The legislation requires that FHFA gradually increase guarantee fees at Fannie Mae and Freddie Mac over the next two years. Under the legislation, the FHFA will consider the market conditions in raising the GSEs guarantee fees to ensure that its actions do not disrupt a housing recovery.
H.R. 1223-the GSE Credit Risk Equitable Treatment Act. The legislation helps clarify the risk retention rules required under Section 941 of the Dodd-Frank Act to make clear that Fannie Mae and Freddie Mac will be held to the same standards as any other secondary mortgage market participants.
H.R. 1224-the Portfolio Risk Reduction Act. The legislation accelerates and formalizes the reduction in the size of the GSEs portfolios. The legislation would cap the GSEs portfolios to no more than $700 billion in the first year, declining to $600 billion for year two, $475 billion for year three, $350 billion for year four, and finally to $250 billion in year five.
H.R. 1225-the GSE Debt Issuance Approval Act. The legislation requires the Treasury Department to approve any new debt issuance by the GSEs.
H.R. 1226-the GSE Mission Improvement Act. The legislation the GSEs affordable housing goals.
H.R. 1227-the GSE Risk and Activities Limitation Act. The legislation prohibits the GSEs from offering, undertaking, transacting, conducting or engaging in any new business activities while in conservatorship or receivership.
H.R. 1754-Preserving Equal Access to Mortgage Finance Programs Act. The legislation would make permanent the current temporary high cost loan limits for Fannie Mae, Freddie Mac, and the FHA.
H.R. 1859-Housing Finance Reform Act. The legislation would reform the secondary mortgage market and the government sponsored enterprises Fannie Mae and Freddie Mac
H.R. 2413- Secondary Market Facility for Residential Mortgages Act. The legislation would reform the secondary mortgage market and the government sponsored enterprises Fannie Mae and Freddie Mac.
H.R. 3630/H.R. 3765-Both bills contain provisions that would raise revenue by forcing the Government Sponsored Enterprises Fannie Mae and Freddie Mac, and the Federal Housing Administration to increase their fees.
S. 170/H.R. 363-Helping Responsible Homeowners Act. The Legislation would require Fannie Mae and Freddie Mac to allow homeowners with current GSE loans to refinance regardless of their current loan-to-value.
S. 509-Small Business Lending Enhancement Act of 2011. The legislation Amends the Federal Credit Union Act to allow credit unions greater flexibility in their ability to make business loans.
S. 693/H.R. 1182-GSE Bailout Elimination and Taxpayer Protection Act. The legislation would wind down Fannie Mae and Freddie Mac through a number of steps.
C.A.R. has lobbied on the future of the government sponsored enterprises (Fannie Mae and Freddie Mac) and their future regulatory structure.
C.A.R. has lobbied for the extension of the current FHA, Fannie Mae and Freddie Mac loan limits that are set to expired at the end of September.
C.A.R. has lobbied on the issue of mortgage servicing and concerns regarding inefficiencies and lack of standardization.
C.A.R. has lobbied on the Administration's Reforming America's Housing Finance Market proposal to Congress and its potential impact on the availability of capital to the nation's mortgage market.
C.A.R. has lobbied on the Federal Housing Finance Agencies proposed rule on Private Transfer Fee covenants RIN 2590-AA41
C.A.R. has lobbied on the issue of changes to the Home Affordable Refinance Program to make the program more successful by easing qualification requirements.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, Federal Housing Finance Board (FHFB), Housing & Urban Development - Dept of (HUD)
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Matthew |
Roberts |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code HOU
16. Specific lobbying issues
H.R. 1498-Prompt Decision for Qualification of Short Sale Act of 2011. The legislation requires a response by servicers to a short sale offer within 45 business days.
H.R. 3164-Short Sale Transparency Act - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), in any case in which one or the other denies the purchase of a residential mortgage loan made to finance the purchase, under a short sale, of a covered dwelling on the basis that the purchase price involved is insufficient, to disclose promptly to the prospective seller the amount by which the purchase price was less than the minimum purchase price sufficient for approval of the purchase of such mortgage.
C.A.R. has lobbied on the proposed Qualified Residential Mortgage proposed rule and our concerns over how it will severely impact the availability of home loans.
C.A.R. has lobbied on the issue of FHA's mortgage insurance premiums and its availability of capital to homebuyers.
C.A.R. has lobbied on the issue of FHA's condominium qualification requirements which will make it more difficult for condominium projects to qualify for FHA approval.
C.A.R. has lobbied on the issue of FHA's proposed change to their seller concession rules.
C.A.R. has lobbied on the issue of FHA's anti-flipping rule and its one-year moratorium being extended for another year.
C.A.R. has lobbied on the Federal Trade Commission's final rule on mortgage assistance relief services (MARS). Specifically on the rules impact on real estate agents who perform the standard functions of a short sale transaction.
C.A.R. has lobbied on the fee increases implemented by the government sponsored enterprises Fannie Mae and Freddie Mac.
C.A.R. has lobbied on the issue of changes to the Home Affordable Foreclosure Alternative program to make the program more efficient and successful.
C.A.R. commented on the Consumer Financial Protection Bureau's proposed Good Faith Estimate form that attempts to combine the RESPA and TILA rules.
C.A.R. commented on the Federal Housing Finance Agency, U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development Request for Information: Enterprise/FHA REO Asset Disposition dated August 10, 2011.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, Federal Housing Finance Board (FHFB), Federal Trade Commission (FTC), Housing & Urban Development - Dept of (HUD), Treasury - Dept of
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Matthew |
Roberts |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code INS
16. Specific lobbying issues
H.R. 435-National Flood Insurance Program Termination Act. The legislation would terminate the National Flood Insurance Program.
H.R. 1309-Flood Insurance Reform Act. The legislation would reauthorize the National Flood Insurance Program for five years while reforming the program to make it more financially sound.
H.R. 2055-Consolidated Appropriations Act - The legislation included a provision that extended the National Flood Insurance Program untill May 31, 2012.
S. 637/H.R. 3125 - Earthquake Insurance Affordability Act. The legislation would create a federal guarantee of qualified state insurance bonds.
C.A.R. lobbied on the issue of the National Flood Insurance Program and the need to reform the program and prevent further lapses in the availability of coverage.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Matthew |
Roberts |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code TAX
16. Specific lobbying issues
H.R. 4-Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011. The legislation repeals the 1099 reporting requirements on small businesses and landlords that was put into place by the health care reform bill and the small business stimulus bill.
H Res. 25-Expressing the sense of the Congress that the current Federal income tax deduction for interest paid on debt secured by a first or second home should not be further restricted
C.A.R. has lobbied on the issue of protecting real estate tax incentives, including the mortgage interest deduction. This includes changes to the tax code proposed or being discussed by the Administration's proposed budget, the debt reduction commission recommendations, debt ceiling increase, Joint Select Committee (aka "super committee"), and other budget proposals.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Matthew |
Roberts |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
Information Update Page - Complete ONLY where registration information has changed.
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22. New General description of client’s business or activities
LOBBYIST UPDATE
23. Name of each previously reported individual who is no longer expected to act as a lobbyist for the client
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ISSUE UPDATE
24. General lobbying issue that no longer pertains
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AFFILIATED ORGANIZATIONS
25. Add the following affiliated organization(s)
Internet Address:
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26. Name of each previously reported organization that is no longer affiliated with the registrant or client
1 | 2 | 3 |
FOREIGN ENTITIES
27. Add the following foreign entities:
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28. Name of each previously reported foreign entity that no longer owns, or controls, or is affiliated with the registrant, client or affiliated organization
1 | 3 | 5 |
2 | 4 | 6 |