Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, President Trump signed an executive order aimed at lowering the cost of homeownership and mortgages and promoting innovation across the housing market. The order directs FHFA to take several steps to reduce refinancing costs, including expanding title insurance waiver options, streamlining documentation requirements, and reducing certain fees on eligible refinances. It also calls for a pilot program to identify borrowers who may qualify to cancel mortgage insurance and establishes a task force focused on improving the quality and affordability of manufactured housing. It’s important to note that the terms of the EO are not self-executing and require the FHFA director to evaluate and implement the changes in a manner that ensures that they are in the best interest of the GSEs and FHFA and the American public, and also consistent with financial safety and soundness. MBA is reviewing the details and will work with the administration, FHFA, and industry stakeholders to help ensure these measures deliver meaningful benefits for consumers in the broader housing market. 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.