The Week Ahead—Dec. 21, 2020
Good morning and happy Monday! Hang in there—we’re almost through 2020!
With Christmas—and the Christmas holiday break—just days away, the situation in Washington is, as usual, as chaotic as it could be. As of this writing, House and Senate negotiators are STILL working on a substantial $900 billion-plus coronavirus relief bill, which is keeping the 116th Congress from formally adjourning. And there’s still the defense appropriations bill, which triggered the threat of a Trump veto–and the possibility of yet another government shutdown.
Meanwhile, this is a very busy week for the Mortgage Bankers Association. Heads up—here’s what’s going on for the remainder of the year:
MBA releases its Weekly Forbearance and Call Volume Survey (Monday, 4:00 p.m. ET); and its Weekly Applications Survey this Wednesday, Dec. 23 at 7:00 a.m. ET.
Please note that the Weekly Applications Survey will not be released during the holiday week (Wednesday, Dec. 30); instead, MBA will provide a survey on Wednesday, Jan. 6 that combines the results of the weeks ending Dec. 25 and Jan. 1. And the MBA Forbearance & Call Volume Survey will not publish on Monday, Dec. 28; it will be combined with latter results in a survey released on Tuesday, Jan. 5.
MBA offices will close on Thursday, Dec. 24 at 1:00 p.m. ET and remain closed through the holidays. MBA offices will reopen on Monday, Jan. 4.
Here’s the NewsLink publications schedule: MBA NewsLink and MBA Commercial/Multifamily NewsLink will publish on Thursday, Dec. 24; NewsLink then goes dark until Monday, Jan. 4. MBA Servicing NewsLink’s final issue of 2020 will be this Tuesday, Dec. 22; it will resume publishing on Tuesday, Jan. 5. MBA Commercial/Multifamily NewsLink will return on Thursday, Jan. 7.
On behalf of MBA officers and staff, have a safe, healthy and happy holiday season.
Here’s a summary of year-end events/reports of interest for the next two weeks:
Monday, Dec. 21:MBA Forbearance & Call Volume Survey; Chicago Fed National Activity Index
Tuesday, Dec. 22: Gross Domestic Product 3rd Release; Existing Home Sales; Richmond Fed Survey
Wednesday, Dec. 23: MBA Weekly Applications Survey; New Residential Sales; Personal Income & PCE Deflator; University of Michigan Consumer Surveys (final)
Thursday, Dec. 24: Advance Durable Goods; Initial Claims
Friday, Dec. 25: Christmas Holiday (no reports)
Monday, Dec. 28: (NOTE: MBA Forbearance & Call Volume Report will NOT publish this day—deferred until Tuesday, Jan. 5); Dallas Fed Manufacturing Survey
Tuesday, Dec. 29: S&P CoreLogic Case-Shiller Home Price Indexes; Consumer Confidence
Wednesday, Dec. 30: (NOTE: MBA Weekly Applications Survey will NOT publish this day—will defer until Wednesday, Jan. 6); Pending Home Sales Index
Thursday, Dec. 31: Initial Claims
Friday, Jan. 1, 2021: New Year’s Holiday, no reports
Monday, Jan. 4: Construction
Tuesday, Jan. 5: MBA Forbearance & Call Volume Survey (moved from Monday, Jan. 4)
For information about upcoming MBA conferences, visit http://www.mba.org/ConferencesEvents/Conferences.aspx. 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 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.
