Hi, I’m Adam DeSanctis with the Mortgage Minute, the latest news from our nation’s capital. The good and big news last week was that the longest government shutdown in history is now over. Importantly for our industry. The package signed into law by President Trump re authorizes the National Flood Insurance Program through January 30th, 2026. It also contains a narrow set of technical corrections to MBA supported law that restored VA home loan program partial claims authority as a loss mitigation option for servicers pending the new laws implementation by the VA. Additionally, the CFPB last week issued a proposed rule that amends provisions related to disparate impact discouragement of applicants or prospective applicants and special purpose credit programs under Regulation B, the regulation implementing the Equal Credit Opportunity Act or ECOA. While this is a significant rulemaking with respect to federal anti-discrimination laws, it is important to note that much of the conduct covered by ECOA with respect to mortgage lending is also covered by the Fair Housing Act. The proposed changes would limit discrimination claims under ECOA only to X, where creditors treat borrowers differently based on their protected characteristics. Comments are due on December 15th, 2025, and we’ll work with our members to formulate a response. 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.