Hi, I’m Adam De Sanctis with the Mortgage Minute. The latest news from the Mortgage Bankers Association. FHFA last week finalized the housing goals for Fannie Mae and Freddie Mac, covering 2026 through 2028. These goals which are required by law set benchmark levels for how many single family and multifamily mortgages the GSEs must purchase to support low and very low income borrowers in other underserved communities across the country. Under the final rule, FHFA set the single family benchmarks lower than those in the current cycle and streamline the structure by combining two subgoals into a single low income areas home purchase sub goal. In response, MBA President and CEO Bob Broeksmit said that the MBA appreciates FHFA’s consideration of several key recommendations outlined in our comment letter. Particularly those aimed at supporting sustainable access to affordable housing over the next three years. One notable change involves a single family low income refinance goal. We had raised serious concerns that the proposed level would be difficult to achieve due to market forces outside the GSCs control, including interest rate volatility. In the final rule, FHFA reduced that goal from 26% to 21%. MBA will continue to review the final goals closely and remain engaged with FHFA and the GSEs on this and other critical housing policy issues. And finally, MBA’s IMB Conference is nearly a month away. Taking place in beautiful Amelia Island, Florida on February 2nd through the 4th. I will be there and I hope you’re joining us. Register today at mba.org/imb26. For one final time in 2025. Thank you for listening and Happy New Year.
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.