The Week Ahead Sept. 27, 2021: Five Things to Watch
Good Monday morning! Welcome to the first full week of fall and another busy week for the real estate finance industry. Here are five things to watch for this week:
First, the MBA Risk Management, QA and Fraud Prevention Forum, taking place through MBA Live Sept. 28-29, is the largest annual event for mortgage professionals in the risk, quality control, underwriting and fraud prevention divisions of residential mortgage firms across the country.
General Sessions include a keynote address by MBA President & CEO Robert Broeksmit, CMB; an update on credit trends; a fraud update; a GSE update; and the always popular Risk Managers Executive Panel.
Breakout topics include:
–Moving from a refinance to a purchase market
–Appraisal bias and fair lending
–The hidden cost of defects
–Fraud tech and general fraud prevention
–Best practices for QA and QC reporting
–Best practices in hiring, training and retaining
MBA NewsLink and MBA Servicing NewsLink will provide coverage. But you still have time to register. For more information and to register, click here.
Second, Congress. Last week we told you that Democratic House and Senate leadership were working frantically to “whip” their respective caucuses into shape to approve a number of key measures, including a $3.5 trillion infrastructure bill; numerous fiscal 2022 budget/spending bills and even a new voting rights bill. Well, they’re still trying, and time is running out. With fiscal year 2022 looming this Friday, Oct. 1, at press time there appears to be a very real possibility of another government shutdown, which no one really wants. Stay tuned.
Treasury Secretary Janet L. Yellen and Federal Reserve Chairman Jerome H. Powell make the rounds of Capitol Hill this week. On Tuesday, Sept. 28, they visit the Senate Banking Committee for a hearing on “CARES Act Oversight of the Treasury and Federal Reserve: Supporting an Equitable Pandemic Recovery.” The hearing begins at 10:00 a.m. ET in Hart Senate Office Building room 216 and can be accessed online here.
On Thursday, Sept. 30, Yellen and Powell visit the House Financial Services Committee. The hearing, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response,” begins at 10:00 a.m. ET in 2128 Rayburn House Office Building and can be accessed online here.
Also on Thursday, Sept. 30, the Senate Banking Committee meets to consider nominations, including Todd Harper as a member of the National Credit Union Administration; Judith DelZoppo Pryor as First Vice President of the Export-Import Bank of the United States; and Owen Edward Herrnstadt as a Member of the Board of Directors of the Export-Import Bank. The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building 106 and can be accessed online here.
Back on the House side, the Financial Services Subcommittee on Diversity and Inclusion holds a hearing on Tuesday, Sept. 28 on “Access Denied: Eliminating Barriers and Increasing Economic Opportunity for Justice-Involved Individuals.” The hearing begins at 10:00 a.m. ET in 2128 Rayburn and can be accessed online here.
On Wednesday, Sept. 29, the Financial Services Subcommittee on Consumer Protection and Financial Institutions holds a hearing on “The Future of Banking: How Consolidation, Nonbank Competition, and Technology are Reshaping the Banking System.” The hearing begins at 10:00 a.m. ET in 2128 Rayburn and can be accessed online here.
Third, MBA kicks off another busy week of reports. The MBA weekly Forbearance & Call Volume Survey comes out this afternoon at 4:00 p.m. ET. MBA Chief Economist Mike Fratantoni will provide analysis and commentary in Tuesday’s MBA NewsLink.
On Wednesday, Sept. 29, MBA will release its Weekly Mortgage Applications Survey, with commentary and analysis from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
Fourth, Economic Reports. The parade of monthly housing reports continues this week, starting on Tuesday, Sept. 28 with the S&P CoreLogic Case-Shiller Home Price Indices and the National Association of Realtors’ Pending Home Sales Index (Wednesday, Sept. 29).
Other economic reports this week: Advance Durable Goods and the Dallas Fed Manufacturing Survey (Monday); Consumer Confidence and the Richmond Fed Survey (Tuesday); and Gross Domestic Product and Initial Claims (Thursday).
Fifth, MBA Conferences. mPowering You, MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 16 at the San Diego Convention Center just ahead of the MBA Annual Convention & Expo (Oct. 17-20). mPower (MBA Promoting Opportunities for Women to Extend their Reach) is the largest networking organization for women in real estate finance. For more information and to register, click here.
And of course, the crown jewel of the MBA fall meeting schedule is the MBA Annual Convention & Expo, which takes place Oct. 17-20 at the San Diego Convention Center.
Keynote speakers include New York Times best-selling authors Malcolm Gladwell and Brad Meltzer; Teresa Bryce Bazemore, President & CEO of the Federal Home Loan Bank of San Francisco; Sandra Thompson, Acting Director of the Federal Housing Finance Agency; Fannie Mae CEO Michael DeVito; Freddie Mac CEO Hugh Frater; MBA President & CEO Robert Broeksmit, CMB; outgoing MBA Chairman Susan Stewart; incoming MBA Chairman Kristy Fercho; MBA COO and mPower Founder Marcia Davies; MBA Chief Economist Mike Fratantoni; MBA Vice President of Industry Analysis Marina Walsh, CMB; and MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
Concert MBA will feature Grammy-nominated recording artists OneRepublic, to benefit the MBA Opens Doors Foundation.
The MBA Annual Convention & Expo is largest annual gathering of real estate finance professionals, this is the one event you need to gain access to the industry’s power players and innovators.
Be inspired and get informed by engaging speakers on the Main Stage; meet with hundreds of exhibitors in THE HUB and get hands-on access to the latest products and services; dive deep into Breakout Sessions to get the insight you need on all the facets of the business; connect with industry peers through unparalleled networking opportunities; Leave with actionable takeaways for future success.
For more information and to register for MBA ANNUAL 21, click here.
The fall conference schedule concludes with the MBA Accounting & Financial Management Conference, taking place Nov. 10-12 in Nashville. For more information, click here.
For information about other upcoming MBA conferences, click here.
For the most up-to-date information regarding legislative activity at the state and local level, visit the MBA State Legislative Database here.
For information about MBA Education events, visit http://www.mbaeducation.org.
For information about the National Association of Minority Mortgage Bankers of America (NAMMBA), visit https://www.nammba.org/.
Enjoy the week!
