4Q lobbying reached $850K for mortgage group
Mortgage Insurance Companies of America spent $850,000 to lobby the federal government on housing and other issues in the fourth quarter, according to a disclosure report.
That’s up from the $495,000 that the trade group spent in the year-ago period, and less than the $925,000 it spent in the third quarter of 2009.
In last year’s fourth quarter, the group lobbied the federal government on issues related to the housing market’s recovery and the restructuring of government-sponsored enterprises, according to the report filed on Jan. 20. The group also lobbied on issues related to insurance, including the Restoring American Financial Stability Act and financial regulatory reform.
The group is the trade association representing the private mortgage insurance industry. Private mortgage insurance protects a lender against losses when a borrower defaults.
In the October-to-December period, the trade group lobbied Congress, the Department of Housing and Urban Development and the Federal Housing Finance Board, according to the report filed with the House clerk’s office.
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Posted by DianaMereoiu on Mar 30 2010 Filed under Mortgages. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
