Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. One of MBA’s top advocacy priorities just moved a major step closer to reality. Last week, the CFPB issued a request for information to implement President Trump’s executive order on promoting access to mortgage credit. The RFI includes 22 questions seeking feedback on potential changes to TRID, TILA rescission rights, reverse mortgages, and how current regulations affect smaller lenders. Most importantly, all of MBA’s recommended priorities under the executive order are now slated for potential action through the Bureau’s regulatory agenda and this RFI, including reforms to the Reg X servicing rule, loan officer compensation, ATR/QM, and TRID. MBA will respond by the August 10th deadline and will continue advocating for reforms that reduce unnecessary regulatory burdens, lower costs, and expand access to affordable mortgage credit. 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.