Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, FEMA issued a request for information seeking stakeholder feedback on potential changes to the National Flood Insurance Program. The agency is looking at a wide range of issues, including flood mapping and risk data, program operations, automation, customer service, and opportunities to improve coordination with state and local governments and private sector partners. The RFI matters because potential changes to the NFIP could have meaningful implications for the real estate finance industry, particularly how flood risk is identified, communicated, insured, and incorporated into lending and risk management decisions. MBA is reviewing the RFI and welcomes member feedback to help inform its response. Comments are due December 10th. And finally, and an important reminder, Tuesday is election day with significant midterm elections taking place across the country. Regardless of your political affiliation or which candidates you support, make your voice heard and vote. The one hundred and twentieth Congress will look to address important real estate-related issues next year on affordability and availability, including potential legislation that will shape the future of our industry. Make sure you have a say in who represents you. And like I always say, if you don’t vote, you can’t complain. 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.