Hi, I’m Adam De Sanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last Friday, President Donald Trump announced his intention to nominate Kevin Warsh to serve as chairman of the Federal Reserve. Warsh is a former Fed governor who served from 2006 to 2011 and brings extensive private sector and investment banking experience to the role the nomination comes as current fed chair Jerome Powell’s term is set to expire on May 15th. In a statement MBA President and CEO Bob Broeksmit congratulated Warsh, noting his reputation as a prudent and thoughtful voice on monetary policy combined with valuable private sector insight. At a time when the Fed’s mission has become increasingly complex, the Fed chair plays a essential role in shaping interest rate policy, financial regulation, and bank capital standards decisions that directly affect mortgage availability, hosting affordability and credit conditions across both single family and commercial multi-family real estate markets. Warsh’s nomination now heads to the Senate Banking Committee for confirmation hearings before a potential vote by the full Senate. And finally, if you’re listening to this, hopefully it’s from MBA’s IMB Conference in Amelia Island, Florida. I hope you have a great time and stop me to say hi. 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.