Hi, I’m Adam DeSanctis, this is the Mortgage Minute, the latest news from the Mortgage Bankers Association. I have great news to share on MBA’s ongoing fight on trigger leads. Last week, representative John Rose and Richie Torres and Senators Bill Haggerty and Jack Reed reintroduced a revised version of the Home Buyer’s Privacy Protection Act for the hundred 19th Congress. The reintroduction of these two bills reignites a debate to curb the abusive use of mortgage credit trigger leads. Other than inappropriately limited circumstances such as existing customer relationships, consumers remain vulnerable to trigger leads, abuses, and MBA has continued its efforts to work with coalition partners and our congressional allies to advance this needed legislative fix. So what’s next? MBA will continue to work with the Bills authors to help build additional support for the proposal in both chambers of Congress, including appropriate consideration of the bills in the near term by the House Financial Services and Senate Banking Committees respectively. You can also expect a Mortgage Action Alliance call to action to help you urge your elected officials to co-sponsor the House and Senate bills early this week. Please let your voice be heard and join us in the fight. That’s it for this week. Thank you for listening.
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Adam DeSanctis, VP, Communication 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 considered to be 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.