Hi, I’m Adam DeSanctis with The Mortgage Minute, the latest news from the Mortgage Bankers Association. MBA recently sent a letter to HUD supporting its proposal to remove the permanent chassis requirement for upper floor sections of multi-story manufactured homes. While the proposal addresses construction standards, we support it because reducing unnecessary regulatory barriers can expand the availability of affordable manufactured housing and create more opportunities for lenders to finance innovative designs. Modernizing these requirements can help reduce construction costs, encourage innovation, and facilitate new manufactured housing options, including infill and higher density development. Importantly, the recently enacted 21st Century Road to Housing Act goes even further by establishing a framework that can accommodate a broader range of manufactured housing designs, including homes built without a permanent chassis. MBA will remain engaged as HUD implements these reforms and will continue advocating for financing, appraisal, and secondary market policies that help turn manufacturing innovation into sustainable lending opportunities. 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.