Hi, I’m Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, MBA submitted a comment letter to Fannie Mae and Freddie Mac that urges them to make policy enhancements to support lender participation and borrower access in construction and renovation lending the letter encourages the GSEs to create a pilot program permitting upfront securitization of single close construction to permanent loans, extend the credit documentation age from 12 to 18 months and lower the completion threshold to 50% for homestyle renovation mortgages. We believe these changes would reduce financing barriers, improve operational efficiency, and help address persistent housing supply and affordability challenges. Importantly, the letter reflects the advocacy priorities of MBA’s, residential Board of Governors, which has identified construction lending reform as a critical need for members. MBA will continue engaging with the GSEs and stakeholders to advance these recommendations and support innovation in construction lending. 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.