The Week Ahead—Apr. 12, 2021
Good morning! The Mortgage Bankers Association’s Spring Summit is less than two weeks away.
Four conferences in one – designed for the times – MBA’s all-new Spring Conference & Expo: Independent Mortgage Banks, Secondary Markets, Servicing and Technology is your opportunity to get everything you look forward to at your favorite MBA event, plus even more content and connections.
Offered via MBA LIVE, an interactive virtual conference experience, this epic event allows you to hear from an unparalleled lineup of speakers on the Main Stage, dive deep into your specialty area and explore others, chat live with peers across the entire residential real estate finance industry and find innovative solutions from exhibitors in the virtual HUB.
Keynote speakers include HUD Secretary Marcia Fudge; business legend Gary Cohn; football player/coach Herman Edwards; Andre Perry, Senior Fellow with the Brookings Institution; journalist David Pogue; and Federal Housing Finance Agency Director Mark Calabria, as well as keynote addresses by MBA President & CEO Robert Broeksmit, CMB, and MBA Chair Susan Stewart and an mPower presentation by media trainer Ruth Sherman.
To register, click here. For more information, visit here.
MBA this week releases its weekly Forbearance & Call Volume Survey this afternoon at 4:00 p.m. ET; its Weekly Applications Survey on Wednesday, Apr. 14 (7:00 a.m. ET); and its monthly Builder Applications Survey on Thursday, Apr. 15.
Congress returns to Washington this week after an extended recess. Both the Senate Banking Committee and House Financial Services Committee kick back into gear with a slate of hearings this week.
On Tuesday, Apr. 13, the Senate Banking Committee holds a hearing on “Separate and Unequal: The Legacy of Racial Discrimination in Housing.” Witnesses include Sherrilyn Ifill, President and Director-Counsel of the NAACP Legal Defense and Education Fund; Lisa Rice, President and CEO of the National Fair Housing Alliance; Jason Reece, Assistant Professor of City and Regional Planning with the Knowlton School of Architecture at The Ohio State University; Howard Husock of the American Enterprise Institute; and Tobias Peter, Research Fellow and Director of Research of the American Enterprise Institute Housing Center.
The remote hearing begins at 10:00 a.m. ET and can be accessed online here.
Also on Apr. 13, the Banking Subcommittee on Economic Policy will hold a remote hearing on “The Student Debt Burden and Its Impact on Racial Justice, Borrowers & The Economy.” Slated to testify: Rep. Ayanna Pressley, D-Mass.; Maura Healey, Attorney General of the State of Massachusetts; James H. Steeley, President and CEO of the Pennsylvania Higher Education Assistance Agency; and John F. Remondi, President and CEO of Navient. The hearing begins at 2:30 p.m. ET and can be accessed online here.
On the other side of the Capitol Building, the House Financial Services Committee holds a hearing on Wednesday, Apr. 14 on “Building Back Better: Examining the Need for Investments in America’s Housing and Financial Infrastructure.” The remote hearing begins at 10:00 a.m. ET and can be accessed online here.
On Thursday, Apr. 15, the Financial Services Subcommittee on Consumer Protection and Financial Institutions holds a hearing on “Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters.” The hearing begins at 10:00 a.m. ET and can be accessed online here.
Also on Apr. 15, the Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets holds a hearing on “The End of LIBOR: Transitioning to an Alternative Interest Rate Calculation for Mortgages, Student Loans, Business Borrowing and Other Financial Products.” The remote hearing begins at noon ET and can be accessed online here.
Looking ahead, the Financial Services Committee will hold a hearing on Tuesday, Apr. 20 to mark up pending legislation. The hearing begins at 10:00 a.m. ET and can be accessed online here.
The Joint Economic Committee holds a hearing on Wednesday, Apr. 14 on “Vaccinations and the Economic Recovery.” The remote hearing begins at 2:30 p.m. ET and can be accessed online here.
Here are this week’s economic events/reports of interest:
Monday, Apr. 12: MBA Weekly Forbearance & Call Volume Survey
Tuesday, Apr. 13: Consumer Price Index
Wednesday, Apr. 14: MBA Weekly Applications Survey; Imports/Exports
Thursday, Apr. 15: MBA Builder Applications Survey; Initial Claims; National Association of Home Builders/Wells Fargo Housing Market Index; Advance Retail Sales; Empire State Manufacturing Survey; Philadelphia Fed Manufacturing Survey; Industrial Production and Capacity Utilization; Business Inventories
Friday, Apr. 16: New Residential Construction; University of Michigan Consumer Surveys (prelim)
For information about upcoming MBA conferences, click here. 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 here.
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.
