Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. MBA has issued a Mortgage Action Alliance call to action urging members to contact their US representative today and push for critical fixes to the Senate-passed 21st Century Road to Housing Act before the House advances its own response. While the bill includes several positive steps to improve housing affordability and supply, there are four provisions that must be corrected before the legislation moves forward. Our concerns include unnecessary new FHA disclosure requirements, costly foreclosure counseling mandates tied to the FHA Insurance Fund, problematic restrictions on certain housing investors and build-to-rent properties, and a drafting error that could actually lower FHA multifamily loan limits instead of raising them. The Senate passed the bill overwhelmingly in March, and now the House is weighing its bipartisan response, making this a critical time for the real estate finance industry to engage. The good news is that it takes less than a minute to make your voice heard. Visit MBA’s Mortgage Action Alliance page or text MBAACTION to five-zero-four-five-seven to contact your representative and urge them to fix these four sections before the bill advances. When our industry speaks with one voice, policymakers listen. So participate in the call to action today. Again, that’s by texting MBAACTION to five-zero-four-five-seven or visiting mba.org/maa. Thank you for your support.
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.