The Week Ahead, Sept. 26, 2022: What You Need to Know
Good morning and happy Monday! Here’s what you need to know this week:
First, MBA Annual22. The MBA Annual Convention & Expo—the biggest real estate finance industry event of the year—is less than a month away, taking place Oct. 23-26 at the Music City Center in Nashville.
Academy Award-winning actress, singer and dancer Rita Moreno; former House Speaker Paul Ryan, R-Wis.; and legendary basketball coach Mike Krzyzewski will deliver keynote remarks. And Concert MBA this year features Darius Rucker.
Don’t delay: For more information and to register, click here.
Second, MBA Reports. The MBA Weekly Applications Survey comes out on Wednesday, Sept. 28, with commentary and analysis from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
Also this week, look for a couple of announcements from MISMO, including the MISMO Life of Loan and Business Glossary User Guide and information on MISMO MEG-23.
Third, Other Economic Reports. Here is this week’s economic/housing report schedule; those that MBA NewsLink will cover are in italics:
Monday: Chicago Fed National Activity Index; Dallas Fed Manufacturing Survey
Tuesday: S&P CoreLogic Case-Shiller House Price Indixes; Consumer Confidence; New Residential Sales; Advance Durable Goods; Richmond Fed Survey of Manufacturing Activity
Wednesday: MBA Weekly Applications Survey; Pending Home Sales
Thursday: Initial Claims; Gross Domestic Product
Friday: Personal Income/PCE Deflator; University of Michigan Consumer Survey (final)
Fourth, Congress. Nothing is ever simple in Washington, and with fiscal year 2022 ending this Friday, Sept. 30, Republicans and Democrats are not yet agreed on how to fund the government for fiscal 2023, which begins Oct. 1.
Senate Democrats, who have been trying to appease Sen. Joe Manchin, D-W.Va., for most of the past couple of years, appeared last week to have a deal in place that would give Manchin a piece of low-hanging fruit that would change the federal construction permit process for oil and gas interests (per The Hill). However, Senate Republicans—and a couple of Senate Democrats, including Sen. Tim Kaine, D-Va.—are objecting to the language, which is putting Senate Majority Leader Chuck Schumer’s (D-N.Y.) plan to cut off debate this week in jeopardy—Schumer needs 60 votes to end debate, and he doesn’t have those votes as of press time.
Neither side wants to see a government shutdown, not with Election Day just five weeks away. Analysts expect a Continuing Resolution, which would temporarily continue funding the government, to emerge this week, and possibly until after the elections. Stay tuned.
Meanwhile, committee work is relatively quiet this week, with observance of Rosh Hashana on Monday and Tuesday. The Senate Banking Committee holds a hearing on Thursday, Sept. 29 on Examining Outbound Investment. The hearing begins at 10:00 a.mn. ET in Dirksen Senate Office Building room 538 and can be accessed online here.
For more information about the House and Senate, visit www.house.gov and www.senate.gov, respectively. For more information about upcoming hearings in the Senate Banking Committee, click https://www.banking.senate.gov/hearings. For more information about upcoming hearings in the House Financial Services Committee, click https://financialservices.house.gov/calendar/?EventTypeID=577&Congress=117.
Fifth, MBA Conferences. Here’s a list of upcoming MBA conferences:
Oct. 5-6: MBA Commercial/Multifamily Marketing Officer Roundtable, Washington, D.C. For more information, click here.
Oct. 10-11: MBA 2022 Insurance Conclave, Fort Worth, Texas. For more information, click here.
Oct. 22: mPowering You: MBA’s Summit for Women in Real Estate Finance, Music City Center Nashville. For more information click here.
Oct. 23-26: MBA Annual Convention and Expo, Music City Center Nashville. For more information, click here.
Nov. 2-3: MBA Commercial/Multifamily Technology Officer Roundtable, Washington, D.C. For more information, click here.
Nov. 8-10: MBA Accounting and Financial Management Conference, JW Marriott Phoenix Desert Ridge Resort & Spa. For more information, click here.
Jan. 23-26, 2023: MBA Independent Mortgage Bankers Conference, Coronado, Calif. For more information, click here.
Feb. 12-15, 2023: CREF 2023, San Diego. For more information, click here.
Feb. 21-24, 2023: MBA Servicing Solutions Conference & Expo, Orlando. For more information, click here.
Apr. 17-18, 2023: MBA State & Local Workshop, Washington, D.C. For more information, click here.
Apr. 18-19: MBA National Advocacy Conference, Washington, D.C. Fore more information, click here.
May 9-12: MBA Commercial/Multifamily Housing Servicing and Technology Conference, Chicago. For more information, click here.
May 21-24: MBA Secondary and Capital Markets Conference & Expo, New York. For more information, click here.
For more information, click the links above or visit https://www.mba.org/conferences-and-education/conferences-and-meetings.
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!
