Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, MBA President and CEO Bob Broeksmit testified before the House Financial Services Committee on the impact of the Basel III endgame capital proposal. His core message? while capital rules may seem technical, they directly affect the cost and availability of housing for American families. Broeksmit noted that the current proposal is a meaningful improvement over both the existing framework and the twenty twenty-three version, but said key areas still need refinement to better reflect real-world risk. He highlighted that overly high capital requirements on mortgage servicing assets, or MSAs, have pushed banks out of the servicing market, reducing competition and ultimately increasing costs for borrowers. He also pointed to inconsistencies in warehouse lending rules, where banks face higher capital charges before a default than after, a structure he called illogical. More broadly, Broeksmit emphasized that stronger competition between all market participants, including large and small banks, credit unions, and IMBs, is central to delivering more choices and better pricing for consumers. The bottom line? With targeted adjustments, regulators can better align capital with risk while supporting affordability and expanding access to credit for homeowners, renters, and communities nationwide. MBA is working with members to develop a formal response ahead of the June eighteenth 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.