The Week Ahead—Apr. 26, 2021
The Federal Open Market Committee assembles in Washington this week for its regularly scheduled policy meeting, amid a hot economy and rising inflation.
The FOMC meets this Tuesday, Apr. 27 and Wednesday, Apr. 28, issuing its policy statement Wednesday at 2:00 p.m. ET. MBA NewsLink will provide coverage, as well as commentary/analysis from MBA Chief Economist Mike Fratantoni.
Fratantoni has a busy few weeks ahead. On Tuesday, Apr. 27, Fratantoni will participate in a virtual webinar sponsored by Sales Boomerang on “The Unforgiving Industry – What Can You Do to Catch the REFI & PURCHASE Double Wave.”
Joining Fratantoni will be Rob Chrisman, Capital Markets Consultant with Chrisman Inc.; and Alex Kutsishin, CEO of Sales Boomerang. The webinar begins at 2:00 p.m. ET. Registration is free; to register, click https://hubs.ly/H0Lc4s20. For more information contact Richard Grieser, richard.g@salesboomerang.com.
On May 10, Fratantoni will join Aaron King, Founder and CEO of Snapdocs, for a Fireside Chat at 2:00 p.m. ET.
As mortgage lenders move on from an unprecedented year, many are asking “what’s next?” Join King and Fratantoni as they discuss how factors such as the state of the economy, the Federal Reserve’s policies, the housing supply and demographics driving purchase demand might impact lenders’ profitability over the next year. You’ll also hear examples of how lenders are adapting to these market changes. As we all learned in 2020, the future belongs to those who are ready for it.
Attendees will have an opportunity to submit questions when completing the registration process and during the live event. All registered attendees will receive the recorded session. For more information, click here.
Also this week MBA releases its weekly Forbearance & Call Volume Survey this afternoon at 4:00 p.m. ET; and its Weekly Applications Survey on Wednesday, Apr. 28 (7:00 a.m. ET).
The MBA National Advocacy Conference is a little more than two weeks away. For more information and to register, click here.
On Capitol Hill, the Senate Banking Committee holds a hearing this Wednesday, Apr. 28 on “The Reemergence of Rent-a-Bank?” The remote hearing begins at 10:00 a.m. ET and can be accessed online here.
On Thursday, Apr. 29, the Banking Committee holds a hearing on “The Dignity of Work.” The remote hearing begins at 10:00 a.m. ET and can be accessed online here.
On the House side, the House Financial Services Committee holds a “Member Day” hearing on Tuesday, Apr. 27. The remote hearing begins at noon ET and can be accessed here.
On Wednesday, Apr. 28, the House Financial Services Subcommittee on Oversight and Investigations holds a hearing on “Examining the Role of Municipal Bond Markets in Advancing—and Undermining—Economic, Racial and Social Justice.” The remote hearing begins at noon ET and can be accessed online here.
On Thursday, Apr. 29, the Financial Services Subcommittee on Diversity and Inclusion holds a hearing on “Closing the Racial and Gender Wealth Gap through Compensation Equity.” The remote hearing begins at noon ET and can be accessed online here.
Here are this week’s economic events/reports of interest:
Monday, Apr. 26: MBA Weekly Forbearance & Call Volume Survey; Advance Durable Goods
Tuesday, Apr. 27: S&P CoreLogic Case-Shiller Home Price Indexes; Consumer Confidence; Richmond Fed Survey
Wednesday, Apr. 28: MBA Weekly Applications Survey
Thursday, Apr. 29: Initial Claims; Gross Domestic Product; Pending Home Sales Index
Friday, Apr. 30: U. of Michigan Consumer Surveys (final)
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.
