Hi, I’m Adam DeSanctis. This is The Mortgage Minute, the latest news from the Mortgage Bankers Association. Last month during MBA’s National Advocacy Conference and in direct response to our industry leading advocacy efforts, representatives Rose and Torres and Senators Haggerty and Reed reintroduce the Home Buyer’s Privacy Protection Act for the hundred 19th Congress. The bill is virtually identical to last year in that it limits the use of mortgage trigger leads to the borrower’s current servicer, loan originator, and depository account holder. In other words, it’s those with an existing relationship in the ability to make a firm offer of credit. Now, the good news, the bill took a big step forward last week where it was noticed at a house Financial Services subcommittee hearing. This means that the bill is poised for an upcoming committee markup where the bill will be debated and voted on. MBA has already begun a full court press to convince committee members to pass our bill and send it to the full house for a vote. We’re hearing that a markup session could happen later this month just before Memorial Day. If you haven’t already, join the Mortgage Action Alliance. Call to action and tell your elected officials to co-sponsor and push for swift action on the House and Senate companion bills. Go to mba.org/ma to act. And finally, I hope you’re joining us at MBA Secondary and Capital Markets conference taking place in the big Apple, New York City on May 18th through the 21st. Register today at mba.org/secondary. That’s it for this week. Thank you for listening.
Check out the Mortgage Action Alliance App and join in supporting the MBA’s efforts on “The Hill” in DC. You don’t have a member to participate. click the below link and click “Join MAA”
Mortgage Action Alliance
Adam DeSanctis, VP, Communication 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.