Hi, I’m Adam De Sanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association last week, MBA President and CEO, Bob Broeksmit and Senior Vice President for Legislative and Political Affairs Bill Kilmer led a group of single family and commercial and multi-family member executives to meet with Treasury Secretary Scott Besant and his senior team, the delegation, which included all three MBA officers and several member CEOs discussed a broad set of policy priorities from housing affordability and bank capital rules to GSE policy, real estate, finance market conditions, and the administration’s recent executive order aimed at limiting large institutional purchases of single family homes. MBA leadership. Thanks, secretary Besant for its recent social media post reaffirming support for federal banking agencies planned capital reforms. Those changes are critical to enabling banks to provide more affordable mortgage credit and to strengthening liquidity for MSRs and warehouse lending for IMBs. The group also outlined immediate affordability solutions, including ending the tri merge credit reporting requirement in favor of a single file framework or responsibly reducing mortgage insurance premiums on FHA loans and coordinating lower loan level price adjustments at the GSEs. MBA will continue advancing both legislative and regulatory solutions on these priorities in the weeks ahead. 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.