Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, MBA submitted a comment letter to FHFA on its proposed updates to the GSE’s Duty to Serve regulation, expressing broad support for the agency’s effort to streamline and modernize the program while recommending several targeted improvements. MBA urged FHFA to take a measured approach to expanding the definition of manufactured housing, ensuring it accommodates innovation in factory-built housing without creating uncertainty for lenders or the GSEs. We also encourage FHFA to coordinate implementation with other, other federal housing initiatives and account for operational challenges related to state titling and affixation laws. In addition, MBA recommended retaining the current sixty-day public comment period for DTS plans, providing greater flexibility for the GSEs to adjust their three-year plans when market conditions change, and adopting a do-no-harm approach to ensure the new framework strengthens rather than inadvertently limits the GSE’s ability to support manufactured housing, rural communities, and affordable housing. We’ll keep you updated as the FHFA releases the final Duty to Serve regulation. 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.