STRUCTURED FINANCE ASSOCIATION for STRUCTURED FINANCE ASSOCIATION
What was lobbied
4 issue areas, each in the filer's own words, with who lobbied on it and where.
Financial Institutions/Investments/Securities FIN
During the first quarter 2015, SFIG advocated on the following issues: 1. CLO's - for changes to the compliance date for collateralized loan obligations to the Volcker rule through Title VIII of the Promoting Job Creation and Reducing Small Business Burdens Act (Act) of 2015. SFIG is also advocating for a qualified CLO retention regime as an alternative to the final risk-retention rules. 2. GSE Reform - SFIG advocated for inclusion of a federal guaranty, preservation of the TBA market, inclusion of private capital in the first loss position. SFIG wants to ensure that whole loans, a government guarantee, and private-label securitization markets are liquid and well regulated in any new housing finance system. SFIG reviewed both the PATH Act and H.R. 5055, Congressmen Carney, Delaney and Himes bills to reform the GSEs 3. General Housing Finance Issues - SFIG has advocated for increased industry participation in the FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP). SFIG advocated with the FHFA through meetings and response letters, and with Congress through SFIG's support for a title in Senator Shelby's FRIA bill which calls for increased risk-sharing and industry participation. As of July, SFIG is now a participant on the Common Securitization Solutions' Industry Advisory Group for the SS/CSP. SFIG will continue to advocate with the FHFA and Congress for increased industry participation and project transparency. 4. Mortgage REITs - SFIG is advocating for mortgage REITs to be allowed to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 5. HOA Superliens - Some states allow HOA's superpriority status - ahead of the noteholder - in a foreclosure proceeding if dues or homeowners fees are owed. An HOA may be able to foreclose for such late fees ahead of the noteholder. SFIG is advocating for 60 days notice to be given to noteholders if an HOA has been granted such superpriority status. SFIG is also advocating that regulators treat loans in private-label securitizations in the same fashion as FHFA is treating Agency loans when it comes to such HOA Superliens. 6. General Dodd-Frank Reform Efforts. SFIG also discussed upcoming and final rules with both the regulators as well as Congress, including risk retention, regulation AB II, LCR, NRSRO, HQS, Derivatives and Swaps
| Lobbyist | Covered position, as disclosed |
|---|---|
| MICHAEL P. FLOOD | Office of Management and Budget Program Examiner from 02-2009 to 06-2010 |
Housing HOU
We advocated for GSE reform before Congress, generally. SFIG also advocated for regulatory reforms that may affect the future of housing finance with the FHFA and Treasury, including g-fee adjustments, and the creation of a common securitization platform, as examples.
| Lobbyist | Covered position, as disclosed |
|---|---|
| MICHAEL P. FLOOD | Office of Management and Budget Program Examiner from 02-2009 to 06-2010 |
Banking BAN
SFIG advocated lawmakers and regulators regarding international efforts to establish "high-quality securitization" criteria.
| Lobbyist | Covered position, as disclosed |
|---|---|
| MICHAEL P. FLOOD | Office of Management and Budget Program Examiner from 02-2009 to 06/2010 |
Commodities (big ticket) CDT
Advocated on SPV's and swaps with the CFTC
| Lobbyist | Covered position, as disclosed |
|---|---|
| MICHAEL P. FLOOD | Office of Management and Budget Program Examiner from 02-2009 to 06/2010 |
Shown as published by the Senate Office of Public Records and the House Clerk under the Lobbying Disclosure Act. The official filing is the record; open it for the full form.