The Week Ahead—Nov. 16, 2020
Good morning and happy Monday! It’s that “in-between period” here in Washington—in-between holidays (Veterans Day and Thanksgiving), in-between autumn and winter; and in-between Administrations (we think).
It’s hard to say what is going to happen between now and Jan. 21, when presumptive President-Elect Joseph Biden Jr. takes office and the 117th Congress convenes. There could be another economic stimulus package; there could be a peaceful transition of power; there could be signs of pigs flying.
One way to get additional insight is to sign up for the MBA Mortgage Action Alliance Post-Election Update, taking place Thursday, Nov. 19 from 2:00-3:00 p.m. ET. The update provides MAA members (and prospective MAA members) with a briefing on election results to date and the anticipated impacts on the industry.
The MBA Legislative & Political Affairs team will do a deep dive on the 2020 election results and discuss the possible legislative and regulatory policy implications of the known outcomes. The webinar will emphasize the importance of continued employee engagement in MBA Advocacy programs and initiatives.
For more information and to register (free for MBA members), click https://www.mba.org/store/events/education/meeting/webinar/maa-post-election-update-november-2020?check_for_mini_site=Y.
MBA also releases its Weekly Forbearance and Call Volume Survey (Monday, 4:00 p.m. ET). MBA NewsLink will publish a special edition this afternoon. And the MBA Weekly Applications Survey comes out this Wednesday, Nov. 18 at 7:00 a.m. ET; MBA NewsLink will have the report and analysis ready for you when you turn on your computer Wednesday morning.
Back on Capitol Hill—sort of—the Senate Banking Committee and House Financial Services Committee hold two virtual hearings this week.
Securities and Exchange Commission Chair Jay Clayton “visits” the Senate Banking Committee this Tuesday, Nov. 17 for a hearing on Oversight of the Securities and Exchange Commission. The hearing takes place at 10:00 a.m. ET and can be accessed online at https://www.banking.senate.gov/hearings/10/23/2020/oversight-of-the-securities-and-exchange-commission.
The House Financial Services Subcommittee on Housing, Community Development and Insurance holds a virtual hearing on Thursday, Nov. 19 on Insuring against a Pandemic: Challenges and Solutions for Policyholders and Insurers. The hearing begins at 10:00 a.m. ET and can be accessed online at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406957.
Other events/reports of interest this week:
Monday, Nov. 16: Empire State Manufacturing Survey
Tuesday, Nov. 17: National Association of Home Builders/Wells Fargo Housing Market Index; Advance Retail Sales; Imports/Exports; Industrial Production & Capacity Utilization; Business Inventories.
Wednesday, Nov. 18: New Residential Construction
Thursday, Nov. 19: Initial Claims; Philadelphia Fed Manufacturing Survey; Existing Home Sales
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.
