Hi, I’m Adam De Sanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. On Monday, the full US house is expected to vote on HR6644, the housing for the 21st Century Act. The bipartisan housing package passed the House Financial Services Committee in December by a decisive 53 to 1 vote, and is designed to address housing, supply and affordability challenges. Modernize local development and improve federal housing programs. The legislation advances several MBA supported priorities, including updates to FHA multifamily loan limits, streamlined federal housing offerings, targeted support for construction and rehabilitation projects, improvements to rural housing, service financing, and stronger coordination among federal agencies in Congress. The vote is tentatively scheduled under suspension of the rules, meaning a two thirds majority will be acquired for passage. MBA will continue engaging with the House and Senate leaders as both chambers work to advance and eventually reconcile their respective housing packages. And it’s a busy week on Wednesday at 2:00 PM Eastern MBA President and CEO, Bob Broeksmit will testify before the House Financial Services subcommittee on housing and insurance at a hearing titled home ownership and the role of the secondary mortgage market. His testimony will underscore the critical role of a stable and efficient secondary mortgage market in supporting access to affordable home ownership and rental housing. You can watch the hearing on the House Financial Services Committee’s website. 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.