Hi, I’m Adam De Sanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, MBA and the Coalition of 14 major trade organizations representing insurance and financial institutions urged congressional leaders in a letter to execute a long term reauthorization of the National Flood Insurance Program or NFIP. The letter asked Congress to act decisively to ensure stability and certainty for the millions of Americans who rely on the vital NFIP program to protect their families and properties from flooding. As you may know, the NFIP has had 34 short term reauthorizations since 2017 with no large scale change, even as lawmakers have repeatedly called for comprehensive improvements to the program. Additionally, the recent government shutdown allowed the NFIP to lapse for more than a month, the longest in history. The program will lapse again if it’s not renewed by January 30th of next year, MBA will continue to work with these coalition partners and others to advocate for a longer term reauthorization of the NFIP that adds certainty to the application of the program and extends well beyond the current fiscal year and or reminder. Have you registered for the Premier IMB event of the year? MBA’s Independent Mortgage Bankers Conference takes place in Amelia Island, Florida on February 2nd through the fourth. The agenda is building out and like always, it’s gonna be an informative and fun conference. Go to mba.org/imb26 to register. I hope to see you there.
Adam DeSanctis, VP, Communications at Mortgage Bankers Association
As a strategic public affairs and communications executive with nearly two decades of experience, Adam has deep expertise in strategy, management, and media relations. He is widely regarded as an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA’s social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA’s research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA’s organizational public affairs plan, media relations and member communications support for mPower, MBA’s Opens Doors Foundation and MBA’s Diversity, Equity, and Inclusion programs.