[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, an MBA led coalition of major housing trade groups sent a letter to the four key House and Senate appropriators urging full funding of the $67million fiscal year 2025 request for Ginnie Mae's salaries and administrative expenses at HUD. The letter underscored the vital role Ginnie Mae plays in guaranteeing securities backed by FHA, RHS, and VA mortgages and emphasized the need for the full appropriation request to help Ginnie Mae proactively work on initiatives to enhance market liquidity for issuers, to support issuers ability to make principal and interest advances to investors when borrowers are delinquent, and to buy loans out of pools in order to perform essential loss mitigation. MBA will continue to advocate with lawmakers for our industries. FY 25 federal funding priorities, including Ginnie Mae's needs. House floor consideration of the T-hundred appropriations bill is expected in the coming weeks and parallel Senate action will follow later this year. 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.
