Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week was a busy one in Washington with several developments important to our industry. The Federal Reserve raised interest rates for the first time in three years. President Trump nominated MBA alum Matt Jones to serve as FHA Commissioner, bringing significant real estate finance and policy experience to the role. And the Senate Banking Committee advanced Brian Johnson’s nomination to lead the CFPB, sending it to the full Senate for consideration. Meanwhile, the Conference of State Bank Supervisors, or CSBS, released a new AI supervisory framework to help state examiners assess how banks and non-banks manage AI risks. The framework is substantially aligned with MISMO’s AI Risk Management Framework, or FRAME, which gives mortgage lenders, servicers, and vendors practical tools for AI governance. The key distinction, CSBS’ framework is designed for examiners, while FRAME, MBA’s and MISMO’s, is designed for industry practitioners. MBA and MISMO will continue working with CSBS to advance alignment and help the industry navigate evolving AI supervisory expectations. That’s it for this week, and if you haven’t already, go to mba.org/annual26 to register for our annual convention and expo taking place in Chicago, the Windy City, on October 11th through the 14th. 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.