AD Mortgage, a Fort Lauderdale-based wholesale lender, has begun a Public Policy Initiative designed to strengthen the company’s engagement with policymakers, regulators, and industry stakeholders.
The Public Policy Initiative will focus on issues including housing affordability, regulatory modernization, credit access, government lending programs, capital markets, state licensing modernization, and other policies affecting the residential mortgage industry. AD Mortgage plans to engage with federal and state policymakers, publish research and policy analyses, participate in regulatory comment opportunities, and collaborate with industry organizations to help improve the nation’s housing finance system.
As its first initiative, AD Mortgage submitted a formal policy letter to the Federal Housing Finance Agency (FHFA) offering market data and recommendations on upcoming changes to condominium project eligibility for loans purchased by Fannie Mae and Freddie Mac. The letter is supported by proprietary AD Mortgage lending data that, according to the company, “demonstrates the importance of the Limited Review process in facilitating access to conventional condominium financing, particularly in Florida, where condominiums represent an important source of attainable homeownership.”
The submission follows a recent meeting between AD Mortgage leadership and FHFA officials focused on housing affordability, condominium financing, and other residential mortgage market issues.
“Our objective is simple: bring practical market experience and real-world lending data into policy discussions,” said Corey Chubner, senior vice president of government affairs and investor relationships at AD Mortgage. “The mortgage industry has an important responsibility to help policymakers understand how regulatory changes affect borrowers. We appreciate FHFA’s willingness to engage with stakeholders and value the opportunity to contribute constructively to that conversation.”
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