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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 AVENUE |
Address2 | |
| 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 | 2014 |
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. | ||||||||
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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 |
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| Signature | Digitally Signed By: Mattew Roberts, Federal Government Affairs Manager |
Date | 07/21/2014 |
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
S. 249-Responsible Homeowner Refinancing Act-Would ease current restrictions on the Home Affordable Refinance Program (HARP) to allow greater access for homeowners.
H.R. 2767 - Protecting American Taxpayers and Homeowners Act of 2013-Would reform the mortgage finance system in U.S. C.A.R. commented on loan limits, risk sharing, government guarantee, portfolios, and proposed changes to FHA.
S. 1217 - Housing Finance Reform and Taxpayer Protection Act-Would wind-down Fannie Mae and Freddie Mac, reform the secondary mortgage market and create an environment to increase private capital's participation in the mortgage finance market.
C.A.R. has lobbied on the future of the government sponsored enterprises (Fannie Mae and Freddie Mac), their future regulatory structure, and the government's role in the mortgage market.
C.A.R. has lobbied for the reinstatement of the higher Fannie Mae and Freddie Mac loan limits of 175 percent of the national conforming loan limits for high cost areas.
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 issue of changes to the Home Affordable Refinance Program to make the program more successful by easing qualification requirements.
C.A.R. has lobbied on the Federal Housing Finance Agencys proposed Strategic Plan for Enterprise Conservatorships, released on February 21, 2012.
C.A.R. has lobbied for regulations to expedite the decision process of subordinate liens in the short sale process.
C.A.R. has lobbied the Federal Housing Finance Agency, Fannie Mae and Freddie Mac on the simplification and standardization of the short sale process.
C.A.R. has lobbied the FHFA, Fannie Mae and Freddie Mac on the current levels of their Loan Level Price Adjustment (LLPAs) and their guarantee fee.
C.A.R. has lobbied to ensure short sales are appropriately labeled on consumer credit reports and not labeled inaccurately as foreclosures.
C.A.R. has lobbied on the proposed lowering of the Fannie Mae and Freddie Mac conforming loan limits by the Federal Housing Financial Services.
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), 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 HOU
16. Specific lobbying issues
S. 1376 - FHA Solvency Act of 2013-A bill to improve the Fedeal Housing Administration and to ensure the solvency of the Mutual Mortgage Insurance Fund, and for other purposes.
H.R. 4208 - Stabilizing FHA Loan Limit Calculations Act of 2014 - Would require HUD to use the same median home prices used in 2013 (unless they have gone up) in determining a metropolitan statistical area's loan limit.
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 anti-flipping rule and its one-year moratorium being extended for another year.
C.A.R. has lobbied on the guarantee-fee increases implemented by the government sponsored enterprises Fannie Mae and Freddie Mac.
C.A.R. lobbied to the Federal Housing Finance Agency, Fannie Mae, Freddie Mac, U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development on the various forms proposed for selling government REO's, including the Fannie Mae REO Pilot Initiative, the FHA Distressed Asset Note Sale, and the Freddie Mac bulk sale program.
C.A.R. has lobbied to the FHA regarding their current and permanent loan limits.
C.A.R. had discussions with the FHA regarding the extension of their 203(k) program to investors.
C.A.R. has lobbied Congress on the future of the FHA loan program and what role it should play in the nation's mortgage market.
C.A.R. has discussed with Congress proposed FHA risk sharing ideas.
C.A.R. has lobbied Congress on proposed ideas to reduce FHA's insurance coverage.
C.A.R. has lobbied Congress on proposed ideas to limit and/or modify FHA's role and mission in the housing market.
C.A.R. has lobbied HUD on their Mortgagee Letter 2013-23, specifically the provision that would prohibit "dual agency" in a FHA short sale transaction.
C.A.R. has lobbied HUD, FHA and Congress on Mortgagee Letteer 2013-43, and the lowering of FHA loan limits.
C.A.R. has lobbied the FHA to get clarification on the process for assuming FHA loans and to ensure FHA insured loans are easily assumable.
C.A.R. has lobbied the FHA on eliminating their requirement that interest be paid to the end of the month when a mortgage is paid-off early.
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), 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. 3370 & S. 1846 - Homeowner Flood Insurance Affordability Act - The legislation would delay the implementation of higher flood insurance rates.
H.R. 508 - Terrorism Risk Insurance Act of - Reauthorization Act of 2013 or the TRIA Reauthorization Act of 2013 - Would extend the Terrorism Insurance Program until December 31, 2019. Requires the Secretary of the Treasury to collect all required terrorism loss risk-spreading premiums for any act of terrorism that occurs on or after January 1, 2012, by September 30, 2024 (currently, by September 30, 2017).
S. 2244 - Terrorism Risk Insurance Program Reauthorization Act of 2014 - Amends the Terrorism Risk Insurance Act of 2002 to extend the Terrorism Insurance Program through December 31, 2021.Decreases the federal share of the compensation for insured losses and increases the insurance marketplace aggregate retention amount.
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.Con.Res. 4-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.
Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act - Would extend a number of expiring tax provisions; including mortgage debt relief and the deduction of mortgage insurance premiums.
C.A.R. has lobbied the Congress on House Ways and Means Committee and Senate Finance Committee efforts to reform the U.S. tax code in areas that would impact real estate tax benefits for both individuals and businesses; including draft language by Ways and Means chairman Dave Camp.
C.A.R. has lobbied Congress and spoken to the IRS on the issue of Mortgage Debt Forgiveness for homeowners who choose to do a short sale.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, Internal Revenue Service (IRS)
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.
20. Client new address
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21. Client new principal place of business (if different than line 20)
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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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Principal Place of Business (city and state or country) |
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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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Amount of contribution for lobbying activities | Ownership percentage in client | ||||||||||
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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
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| 2 | 4 | 6 |