The Week Ahead

Good morning and happy Monday! Welcome to another busy week in the mortgage and political worlds. It’s 46 days until Election Day—more on that below.

MBA Advocacy Week begins today and runs through Friday, September 25. Advocacy Week is dedicated to you and your involvement in all things advocacy for the good of the industry. For more information, click the link above. And be sure you are signed up for the Mortgage Action Alliance (MAA) to get more details on how you can participate throughout the year.

The Mortgage Bankers Association is a partner with Nonprofit VOTE in support of National Voter Registration Day, which takes place this Tuesday, Sept. 22.

Nonprofit VOTE partners with America’s nonprofits to help the people they serve participate and vote. It is the largest source of nonpartisan resources to help nonprofits integrate voter engagement into their ongoing activities and services. Its goals:

–Provide high quality resources for nonprofits and social service agencies to promote voter participation and engage with candidates on a nonpartisan basis.

–Build lasting capacity for nonpartisan voter and election engagement throughout the nonprofit sector.

–Encourage increased voter participation and active citizenship, especially among voters new to the process or with a recent history of lower participation.

–Develop and evaluate agency-based models for voter engagement by nonprofit service providers, identifying the most effective strategies for nonprofits to incorporate voter engagement into their ongoing activities.

–Strengthen the nonprofit sector and encourage new civic leadership.

For more information, visit https://www.nonprofitvote.org/voting-in-your-state/.

MBA releases its Weekly Forbearance and Call Volume Survey today at 4:00 p.m. ET; look for a special edition of NewsLink this afternoon. MBA also releases its quarterly Commercial/Multifamily Delinquency report this Tuesday, Sept. 22; and its Weekly Mortgage Applications Survey this Wednesday, Sept. 23.

On Capitol Hill, Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell visit the Senate Banking Committee on Thursday, Sept. 24 to deliver The Quarterly CARES Act Report to Congress. The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building room 106 and can be accessed online at https://www.banking.senate.gov/hearings/09/14/2020/the-quarterly-cares-act-report-to-congress.

On the other side of the Rotunda, the House Financial Services Committee holds a hearing on Tuesday, Sept. 22 on Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response. The hearing begins at 10:30 a.m. ET and can be accessed online at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406869.

MBA fall conferences—including the MBA Annual Convention & Expo—will take place online out of an abundance of caution stemming from the coronavirus pandemic.

Below is a list of MBA fall events to be held online via its new digital platform, MBA LIVE. (Please note that in most cases, dates have changed from the original schedule):

  • MBA Annual Convention & Expo – October 19-21
  • MBA Regulatory Compliance Conference – November 9-10
  • MBA Commercial/Multifamily Servicing & Technology Conference – November 17-18
  • MBA Accounting and Financial Management Conference– December 9-10

Launched this spring, MBA LIVE brings you dynamic keynotes and informative panel discussions you’ve come to rely on from MBA. We’ll be adding even more opportunities to engage with speakers, industry colleagues, and the many vendors and service providers that help keep your business moving forward. Visit mba.org/MBALIVE for the latest information on these events.

For the latest on how the coronavirus is affecting our industry, our health and our economy, visit the MBA Coronavirus Resource Center. And you can also visit the newly created members-only online network, MBA’s COVID-19 Residential Policy Community, at https://bit.ly/2QEVpUZ. #MBAWorkingForYou #MBACOVIDUpdates

For the most up-to-date information regarding legislative activity at the state and local level, visit the MBA State Legislative Database at http://www.mortgagebankers.org/statelegislativedatabaselogin.htm.

For information about MBA Education events, visit http://www.mbaeducation.org.  

For information about upcoming MBA conferences, visit http://www.mba.org/ConferencesEvents/Conferences.aspx.

For information about the National Association of Minority Mortgage Bankers of America (NAMMBA), visit https://www.nammba.org/.

If your company/association is an MBA member, we are happy to list conferences/events on the MBA NewsLink Upcoming Meetings/Events Calendar. Send your items to Mike Sorohan, editor, at msorohan@mba.org; or Michael Tucker, Editorial Manager, at mtucker@mba.org.

This Week

Monday, Sept. 21

–MBA Advocacy Week (through Friday, Sept. 25)

–MBA Forbearance & Call Volume Survey (4:00 p.m. ET)

–MBA Education School of Multifamily Mortgage Banking (online, through Oct. 1)

–Chicago Fed National Activity Index

Tuesday, Sept. 22

–National Voter Registration Day

–MBA 2nd Quarter Commercial/Multifamily Delinquency Report

–Philadelphia Fed Non-Manufacturing Survey

–Existing Home Sales

–Richmond Fed Survey

Wednesday, Sept. 23

–MBA Weekly Applications Survey

Thursday, Sept. 24

–MBA Education Webinar: Lending 2021—Will You Change the Way You Work to Compete?

–Initial Claims

–New Residential Sales

Friday, Sept. 25

–Advance Durable Goods

Monday, Sept. 28

–MISMO Boot Camp (through Sept. 29)