[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. In response to a recently released FHA mortgagee letter mandating effective immediately that lenders report significant cybersecurity incidents to FHA within 12 hours, MBA submitted comments urging FHA to align its reporting timeline with Ginnie Mae's 48 hour requirement. Until a universal reporting timeline is established by the broader federal government, the US Cybersecurity and Infrastructure Security Agency currently has proposed guidelines calling for a 72-hour notice requirement. As the mortgage industry continues to face new threats in the cybersecurity landscape, we believe it is crucial for governmental authorities to provide clear and aligned policies for reporting cyber events. We will continue to engage with HUD and other federal regulatory agencies to achieve aligned cybersecurity standards. For more information and to read our letter, visit the Letters and Testimony page at MBA.org. That's it for this week. Thank you for listening.
Adam DeSanctis, Director of Public Affairs 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 considered to be 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.
