Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, FHFA proposed changes to a suspended counterparty program regulation that would remove references to reputational harm and further focus the program on material measurable risks. This regulation has been through several iterations over the past few years. The new proposal builds on earlier revisions that address many of MBA’s concerns and is intended to eliminate unnecessary language while reinforcing the suspension decisions should be based on objective risk, not subjective reputational considerations. This matters because MBA has consistently maintained the suspension is a serious enforcement tool that should be preserved for the most significant misconduct. We’re encouraged that FHFA continues to move the rule in that direction, though there are still areas we’ll review closely. FHFA is accepting comments through August twelfth, and MBA will work with members to evaluate the proposal and determine whether additional comments are warranted. 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.