The Mortgage Insurance Companies of America spent $1.09 million to lobby the federal government on housing and other issues in the second quarter, according to a disclosure report.
That's up from the $670,000 that the trade group spent in the year-ago period, and about even with the $1.06 million it spent in the first quarter of this year.
The Mortgage Insurance Companies of America is the trade association representing the private mortgage insurance industry. Private mortgage insurance protects a lender against losses when a borrower defaults.
During the April-June period, the trade group lobbied the federal government on legislation related to the restructuring of government-sponsored enterprises such as Fannie Mae and Freddie Mac, according to the report filed on July 20.
The group also lobbied on appropriations for housing and insurance issues involving the Department of Transportation and the Department of Housing and Urban Development; mortgage insurance taxes; the Restoring American Financial Stability Act; and, provisions relating to mortgage insurance in the financial regulatory bill signed by President Barack Obama last month.
That bill included new funds to aid homeowners, including $1 billion for a new program being run by HUD to provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years.
In the second quarter, the group lobbied the House of Representatives and the U.S. Senate, according to the report filed with the House clerk's office.
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