Hi, I’m Adam De Sanctius, with the Mortgage Minute. The latest news from the Mortgage Bankers Association. Last Thursday evening brought major developments on two fronts that matter for our industry, housing policy, legislation, and artificial intelligence. First, as a counterpoint to the Senate’s Road to Housing proposal, the House Financial Services Committee unveiled its own bipartisan housing package, the housing for the 21st Century Act. This wide ranging bill aims to attack affordability challenges, boost housing supply, modernize local development processes, and strengthen federal housing programs. The full committee is expected to consider the package in a markup session this week. MBA will continue to review the legislation and keep members updated particularly on how the House and Senate proposals differ in key areas like appraisals and reforms to rural housing service programs. Meanwhile at the White House, president Donald Trump signed a new executive order designed to prevent a patchwork of state AI rules and strengthen US competitiveness in a rapidly growing sector. The order establishes an AI litigation task Force directs the Commerce Department to evaluate conflicting state AI laws and calls for developing a national AI legislative framework that would preempt inconsistent state standards. MBA President and CEO Bob Broeksmit in a press statement said MBA welcomes the administration’s focus on creating a clear and consistent federal approach that avoids stifling innovation, raising compliance burdens, and increasing costs for borrowers. MBA will continue working with policy makers on durable guardrails that protect consumers, strengthen the mortgage system, and support responsible AI adoption. We’ll keep you updated on these issues in the coming days and weeks. That’s it for this week. Thank you for listening.
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.