The Week Ahead—Dec. 7, 2020
Good morning and happy Monday! Hang in there—we’re almost through 2020!
The MBA virtual Accounting & Financial Management Conference 2020 is ready to go, taking place online this Wednesday, Dec. 9 and Thursday, Dec. 10. The conference brings together leading authorities in real estate finance to share critical business intelligence, insights and best practices on evolving accounting, regulatory and financial management issues.
MBA NewsLink will provide coverage. It’s not too late to register; for more information, click https://www.mba.org/store/events/meetings/meeting/conference/mba-live-accounting-and-financial-management-conference-2020?check_for_mini_site=Y.
MBA releases its Weekly Forbearance and Call Volume Survey (Monday, 4:00 p.m. ET); its monthly Mortgage Credit Availability Index this Tuesday, Dec. 8; and its Weekly Applications Survey this Wednesday, Dec. 9 at 7:00 a.m. ET. And rumor has it there might be an MBA Commercial/Multifamily Mortgage Debt Outstanding report this week as well, although we couldn’t confirm that as of press time.
Capitol Hill should be interesting this week. It’s technically the last week of the 116th Congress, but we expect the House and Senate to linger a bit into next week. As of press time, there appear to be sincere efforts on the part of both House and Senate Democrats and Republicans to pass a final stimulus bill to sustain the faltering U.S. economy into 2021. The bill is not a big as Democrats want; and it’s not as small as Republicans want, which suggests that compromises—the historic heart and soul of legislation—are underway. Ultimately, if neither party is happy with the final result, it means something got done right. Stay tuned.
Neither the Senate Banking Committee nor the House Financial Services Committee have hearings scheduled this week—which suggests they are serious about wrapping up business, too. We don’t expect any hearings until the 117th Congress organizes in January.
Today (Monday, Dec. 7) marks the 79th anniversary of the attack on Pearl Harbor.
Events/reports of interest this week:
Monday, Dec. 7: MBA Forbearance & Call Volume Survey (4:00 p.m. ET).
Tuesday, Dec. 8: MBA Mortgage Credit Availability Index; Productivity and Costs.
Wednesday, Dec. 9: MBA Weekly Applications Survey; JOLTS (Job Openings & Labor Turnover Survey); Wholesale Trade.
Thursday, Dec. 10: Initial Claims; Consumer Price Index.
Friday, Dec. 11: U. of Michigan Consumer Surveys (preliminary).
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.
