The Week Ahead Dec. 6, 2021: Three Things to Know
Good morning! We hope you are enjoying the pre-holiday onslaught. Here are three things to look out for this week:
First, Housing and Economic Reports. The Mortgage Bankers Association releases its Weekly Mortgage Applications Survey on Wednesday, Dec. 1, with commentary and analysis from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
We also expect the MBA monthly Mortgage Credit Availability Index this week, with Kan again proving analysis on how lenders are extending credit to potential homebuyers.
Also this week, the MBA think tank, the Research Institute for Housing America, releases its periodic report on the effects of the coronavirus and mortgage loan forbearance on homeowners.
Other reports this week:
Tuesday: International Trade; Productivity & Costs (Revised); CoreLogic Home Price Index
Thursday: Initial Claims; JOLTS (Job Openings & Labor Turnover Survey); Wholesale Trade
Friday: Consumer Price Index; University of Michigan Consumer Survey (Preliminary)
Second, Congress. Congress dodged yet another bullet last week by approving another Continuing Resolution keeping the federal government open through Feb. 18. But plenty remains on the House and Senate plates, including ongoing negotiations (mostly intraparty at this point) over the Biden Administration’s Build Back Better legislative package. The House passed the bill last month, largely along party lines; Senate Majority Leader Chuck Schumer, D-N.Y., says he hopes to have a Senate vote the week of Dec. 13, but that, of course, depends on whether or not he has the support he needs from Sens. Joe Manchin, D-W.Va., and Krysten Sinema, D-Ariz. The situation remains fluid.
The Senate Banking Committee holds a hearing on Tuesday, Dec. 7 to consider the Biden Administration’s nomination of Brian Tomney as Inspector General of the Federal Housing Finance Agency. The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building room 538 and can be accessed online here.
For more information about the House and Senate, visit www.house.gov and www.senate.gov, respectively. For more information about upcoming hearings in the Senate Banking Committee, click https://www.banking.senate.gov/hearings. For more information about upcoming hearings in the House Financial Services Committee, click https://financialservices.house.gov/calendar/?EventTypeID=577&Congress=117.
Third, MBA Conferences. Here is a list of upcoming MBA Conferences:
· Jan 10 – 13, 2022— MISMO Winter Summit 2022
Hyatt Regency Clearwater, Fla. Beach Resort and Spa
· Jan 10 – 13, 2022— MISMO Winter Summit 2022 – Monday Livestream and Virtual Access to Workgroup Meetings
· Jan 24 – 27, 2022— Independent Mortgage Bankers Conference
Grand Hyatt Nashville
· Feb 13 – 16, 2022— Commercial/Multifamily Finance Convention and Expo
Manchester Grand Hyatt, San Diego
· Feb 22 – 25, 2022— Servicing Solutions Conference and Expo
Hyatt Regency Orlando
· Mar 6 – 9, 2022— Mid-Winter Housing Finance Conference 2022
Ritz-Carlton, Bachelor Gulch, Avon, Colo.
· Apr 11 – 14, 2022— Technology Solutions Conference and Expo 2022
The Bellagio Las Vegas
· Apr 25 – 26, 2022— State and Local Workshop 2022
Renaissance Washington, D.C.
· Apr 26 – 27, 2022— National Advocacy Conference 2022
Renaissance Washington, D.C.
· May 15 – 18, 2022— Secondary and Capital Markets Conference and Expo 2022
Marriott Marquis New York
· May 15 – 18, 2022— Commercial/Multifamily Housing Servicing and Technology Conference
JW Marriott Los Angeles L.A. LIVE
· May 22 – 25, 2022— Legal Issues and Regulatory Compliance Conference 2022
Intercontinental Miami
For more information, click the links above or visit https://www.mba.org/conferences-and-education/conferences-and-meetings.
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/.
Enjoy the week!
