Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, FHA issued a request for information seeking industry feedback on its minimum property requirements, commonly known as MPRs. This is an important development and follows years of advocacy from MBA urging FHA to modernize these standards and better align them with the property condition frameworks used by Fannie Mae and Freddie Mac. Just last month, MBA and several other industry trade groups sent a letter to FHA calling for action on MPRs and broader appraisal reforms. The RFI specifically asked for feedback on how FHA standards compare with other mortgage programs, which requirements may no longer be necessary to ensure safety and soundness, and how FHA can improve consistency in how MPRs are interpreted and applied by lenders and appraisers. So why does this matter? FHA’s MPR framework directly impacts whether a property qualifies for FHA-insured financing. It can also affect appraisal timelines, increase operational complexity, and even discourage sellers from accepting FHA-backed offers. Greater alignment with the GSE standards could reduce appraisal-related delays, improve consistency across the market, and expand access to qualified appraisers. MBA will work with members to respond to the RFI by the June twenty-ninth deadline. 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.