Hi, I’m Adam De Sanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, the full Senate continued advancing a bipartisan housing affordability package. As banking committee chair Tim Scott and ranking member Elizabeth Warren, worked to finalize the legislative text. Senators approved two procedural votes by overwhelming margins last week, marking the first steps toward a final floor vote that could come as soon as this week. The updated proposal now called the 21st Century Road to Housing Act, combines much of the Senate’s earlier housing bill with elements of the house passed housing for the 21st Century Act of 2025. In total includes 36 provisions aimed at expanding housing supply, improving affordability and strengthening oversight of federal housing programs, along with a controversial provision restricting large institutional investors from purchasing single family homes. MBA supports many parts of the package, including updates that clarify appraisal related lender liability and reforms to the rural housing service that could expand financing for ADUs and make USDA loan assumptions easier. However, MBA and other housing groups have raised concerns about a provision requiring firms that own more than 350 units to sell those holdings after seven years as written, the policy could unintentionally limit capital for rental housing, particularly build to rent communities. The White House and Treasury are pushing Congress to move quickly on the package. MBA remains engaged with lawmakers in both chambers to refine the bill, including urging changes that would clearly exempt bill to rent housing. And finally, you don’t wanna miss our upcoming national advocacy conference in DC on April 14th and 15th, you’ll have the opportunity to hear from lawmakers and regulators potentially meet with your representative and senators and much more. Register today at mba.org/na26. 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.