Hi, I’m Adam De Sanctis with the Mortgage Minute, the latest news from the Mortgage Bankers Association. It was a busy week last week. I don’t even know where to begin. The Senate passed housing legislation and Fed Vice chair Michelle Bowman said the long awaited Basel III end game proposal will be out on Thursday. But to cap off a busy week in Washington, President Donald Trump signed two executive orders late Friday afternoon, aimed at removing regulatory barriers to housing construction, and promoting lower costs and greater access to mortgage credit. At a glance, the orders could help make the mortgage process more efficient and expand housing supply. However, for the mortgage access portions, the benefits should apply to all lenders as President and CEO Bob Broeksmit pointed out in his statement. America’s housing finance system works best when it’s competitive efforts to increase bank participation in mortgage lending and servicing are welcome, but reforms should apply fairly to lenders of all sizes and business models, including credit unions and imbs, which serve most FHA VA rural housing borrowers and help expand access to home ownership. Overall, we do support the aspects of the ex-executive order, dealing with appraisal reform, easing construction regulations, and encouraging more home building. We look forward to working with the White House federal housing agencies and industry stakeholders. As the regulatory process moves forward, there will be a lot more to come. And finally, you don’t wanna miss our upcoming national advocacy conference in DC. On April 14th and 15th, you’ll hear have the opportunity to hear from lawmakers and regulators. Potentially meet with your representative and senator and much more. Register today at mba.org/nac26.
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.