Lykken on Lending

[Adam] Hi, I'm Adam DeSanctis. This is DeMortgage Minute, the latest news from the Mortgage Bankers Association. Last week, FHFA and Fannie Mae and Freddie Mac responded to MBA's raised concerns by announcing that they will delay the implementation date for their new Reconsideration of Value, or ROV, policy. This move is in direct response to a … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. MBA this week issued a Mortgage Action Alliance Call to Action that urges you, MBA members, to contact your Senators to vote for the Senators Hagerty Reed Amendment that would add the Homebuyers Privacy Protection Act of 2024, also … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. There was big news coming out of HUD last week, and it was a big win for our industry, with HUD announcing significant updates to FHA's 203k Rehabilitation Mortgage Insurance Program. The key changes, for which MBA advocated, included … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. In response to a recently released FHA mortgagee letter mandating effective immediately that lenders report significant cybersecurity incidents to FHA within 12 hours, MBA submitted comments urging FHA to align its reporting timeline … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, an MBA led coalition of major housing trade groups sent a letter to the four key House and Senate appropriators urging full funding of the $67million fiscal year 2025 request for Ginnie Mae's salaries and administrative … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. FHFA late Friday announced the conditional approval of a new product proposal that would allow Freddie Mac to purchase certain closed end second mortgages. At first glance, MBA appreciates FHFA's detailed responsiveness to the key … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute. The latest news from the Mortgage Bankers Association. The Department of Veterans Affairs last week released a circular that creates a temporary local variance for charges related to buyer broker compensation. As you know, veterans are typically prohibited from paying for buyer broker … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute. The latest news from the Mortgage Bankers Association, the CFPB, last week, published a final rule creating a registry of non bank covered persons subject to certain agency and court orders. This final rule requires covered non banks that are subject to certain agency or court orders to … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute. The latest news from the Mortgage Bankers Association. The CFPB last week released its anticipated request for information regarding fees imposed in residential mortgage transactions. The RFI seeks input from industry participants, consumers and others on the impact closing costs have had … [Read more...]

[Adam] Hi, I'm Adam DeSanctis, this is the Mortgage Minute. The latest news from the Mortgage Bankers Association. Last week at MBA secondary in New York City, the VA announced that it will release a circular by June 12 to address the buyer commission prohibition. The circular will be in place while a formal rulemaking process occurs. As you may … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute. The latest news from the Mortgage Bankers Association. The Financial Stability Oversight Council, or FSOC, earlier this month approved and released a report on non-bank mortgage servicing. The report includes several recommendations to Congress and state regulators to address when it … [Read more...]

[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute. The latest news from the Mortgage Bankers Association, MBA expressed concern in a letter to the VA with the implementation timeline of the recently released Veterans Affairs servicing Purchase Program, or VASP. VASP is VAs lost mitigation response to today's high interest rate environment … [Read more...]

Hi, I'm Adam DeSanctis, this is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, Freddie Mac announced that it updated requirements for using attorney opinion, title letters or AOL is expanding the types of mortgages that are eligible for delivery with an attorney opinion of title letter. expansion includes … [Read more...]

Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, the CFPB published a spring edition of its supervisory highlights focused solely on mortgage servicing. The Bureau's report generally highlights improper assessments of fees and violations of the loss mitigation process and covers … [Read more...]

Adam DeSanctis, Director of Public Affairs 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 considered to be an expert in a variety of communications, including … [Read more...]