The Week Ahead
SAN DIEGO–For the Mortgage Bankers Association, the action shifts from New Orleans following last week’s Independent Mortgage Bankers Conference, to the west coast for the MBA annual Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
The Convention—the largest gathering of commercial real estate/multifamily housing executives in the nation—runs through Wednesday, Feb. 12 at the Manchester Grand Hyatt.
MBA NewsLink and MBA Commercial/Multifamily NewsLink will provide onsite coverage. For more information, click https://www.mba.org/conferences-and-education/event-mini-sites/commercial-real-estate-finance/multifamily-housing-convention-and-expo.
The Mortgage Bankers Association releases its Weekly Applications Survey this Wednesday, Feb. 12. In addition, several MBA reports from CREF are already out: The MBA Year-End Commercial/Multifamily Servicer Rankings; the 4th Quarter Commercial/Multifamily Originations Report; and the 2020 MBA Survey of Loan Maturity Volumes. For more information, see today’s and tomorrow’s issues of MBA NewsLink and Thursday’s edition of MBA Commercial/Multifamily NewsLink.
On Capitol Hill this week, Federal Reserve Chairman Jerome Powell makes his rounds to deliver the semi-annual Monetary Policy and the State of the Economy report.
Powell appears before the House Financial Services Committee on Tuesday, Feb. 11 at 10:00 a.m. ET in Rayburn House Office Building room 2128. The hearing can be accessed online at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406118.
On Wednesday, Feb. 12, Powell appears before the Senate Banking Committee. The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building room 538 and can be accessed online at https://www.banking.senate.gov/hearings/02/03/2020/the-semiannual-monetary-policy-report-to-the-congress.
Also this week, the Senate Banking Committee holds a hearing to consider several Trump Administration nominations (but not Brian Montgomery as HUD Deputy Secretary, who awaits a full Senate vote).
The committee will consider nominations of Jessie Liu to be Under Secretary for Terrorism and Financial Crimes with the Department of the Treasury; Judy Shelton and Christopher Waller as Members of the Board of Governors of the Federal Reserve System.
The hearing takes place on Thursday, February 13 at 10:00 a.m. ET in 538 Dirksen and can be accessed online at https://www.banking.senate.gov/hearings/02/03/2020/nomination-hearing.
Back on the House side, the Financial Services Subcommittee on Diversity and Inclusion holds a hearing on Wednesday, Feb. 12 on A Review of Diversity and Inclusion at America’s Large Banks. The hearing begins at 10:00 a.m. ET in 2128 Rayburn and can be accessed online at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406119.
Also on Feb. 12, the Financial Services Task Force on Artificial Intelligence holds a hearing on Equitable Algorithms: Examining Ways to Reduce AI Bias in Financial Services. The hearing begins at 2:00 p.m. ET in 2128 Rayburn and can be accessed online at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406120.
Looking ahead, MBA offices will be closed on Monday, Feb. 17 in observance of the Presidents Day holiday. MBA NewsLink will not publish on Feb. 17. On behalf of MBA officers and staff, have a safe and happy holiday.
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.
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, a email@example.com.
Feb. 9-12: MBA CREF/Multifamily Housing Convention & Expo, San Diego
Feb 11-14: MBA Education School of Mortgage Banking I, Washington, D.C.
Feb. 11: JOLTS (Job Openings & Labor Turnover Survey
Feb. 12: MBA Weekly Applications Survey
Feb. 13: MBA Builder Applications Survey (tentative)
Feb. 13: MBA Education Effective Internal Audit Function: Beyond the Basics Webinar
Feb. 13: Consumer Price Index
Feb. 14: Advance Retail Sales
Feb. 14: Imports/Exports
Feb. 14: Industrial Production/Capacity Utilization
Feb. 14: Business Inventories
Feb. 14: U. of Michigan Consumer Surveys (prelim)
Feb. 17: Presidents’ Day Holiday (MBA Offices Closed; MBA NewsLink will not publish)
Feb. 18: MBA Education CMF: Commercial Insurance Issues & Problems Webinar
Feb. 18: Empire State Manufacturing Survey
Feb. 18: National Association of Home Builders/Wells Fargo Housing Market Index
Feb. 19: MBA Weekly Applications Survey
Feb. 19-20: MBA Education School of Multifamily Property Inspections, Atlanta
Feb. 19-21: MBA Education School of Multifamily Mortgage Banking, Washington, D.C.
Feb. 19: New Residential Construction
Feb. 20: Philadelphia Fed Manufacturing Survey
Feb. 21: Existing Home Sales
Feb. 23-26: MBA Servicing Solutions Conference & Expo, Orlando
Feb. 23: MBA Education Foundational Concepts in Residential Mortgage Servicing, Orlando
Feb. 24: Chicago Fed National Activity Index
Feb. 24: Dallas Fed Manufacturing Survey
Feb. 25: MBA Education Ten Top Sales Tips for Originators in 2020 Webinar
Feb. 25: Philadelphia Fed Non-Manufacturing Survey
Feb. 25: S&P CoreLogic Case-Shiller Housing Price Indices
Feb. 25: Consumer Confidence
Feb. 25: Richmond Fed Survey
Feb. 26: MBA Weekly Applications Survey
Feb. 26: MBA Education REIT Universe 2020: Property & Markets Outlook Webinar
Feb. 26: New Residential Sales
Feb. 27: Advance Durable Goods
Feb. 27: Gross Domestic Product 2nd Release
Feb. 27: Pending Home Sales Index
Feb. 28: Personal Income/PCE Deflator
Feb. 28: U. of Michigan Consumer Surveys (final)
Mar. 8-11: MBA Mid-Winter Housing Finance Conference, Avon, Colo.
Mar. 17-18: Federal Open Market Committee
Mar. 29-Apr. 1: MBA Technology Solutions Conference & Expo, Los Angeles
Apr. 20-21: MBA State & Local Workshop, Washington, D.C.
Apr. 21-22: MBA National Advocacy Conference, Washington, D.C.
Apr. 23: MBA Capital Market Summit, New York
Apr. 28-29: Federal Open Market Committee
Apr. 29-30: MBA Commercial/Multifamily Human Resources Roundtable, Washington, D.C.
May 3-6: MBA Legal Issues & Regulatory Compliance Conference, New York
May 13-14: MBA Commercial/Multifamily Officer Roundtable, Washington, D.C.
May 17-20: MBA Secondary & Capital Markets Conference, New York
May 17-20: MBA Commercial/Multifamily Servicing & Technology Conference, New Orleans
May 25: Memorial Day Holiday (MBA Offices Closed; MBA NewsLink will not publish)
May 31-Jun. 2: MBA Chairman’s Conference, Newport Coast, Calif.
Jun. 9-10: Federal Open Market Committee
Jun. 25: MBA Document Custody Workshop, McLean, Va.
Jul. 3: Independence Day Holiday Observed (MBA Offices Closed; MBA NewsLink will not publish)
Jul. 4: Independence Day
Jul. 28-29: Federal Open Market Committee
Sep. 13-15: MBA Risk Management, Q/A & Fraud Prevention Forum, San Diego
Sep. 15-16: Federal Open Market Committee
Oct. 17: mPowering You: MBA’s Summit for Women in Real Estate Finance, Chicago
Oct. 18-21: MBA Annual Convention & Expo, Chicago
Nov. 4-5: Federal Open Market Committee
Dec. 15-16: Federal Open Market Committee