The Week Ahead—Feb. 1, 2021
Good morning! Welcome to a busy week—online and in Washington.
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Convention & Expo and Commercial/Multifamily Servicing and Technology Conference kicks off this Wednesday, taking place as a virtual event on Feb. 3-4.
Conference keynote speakers include former U.N. Ambassador Andrew Young and retired Navy Admiral William McRaven. Grandbridge Real Estate Capital Chairman & CEO and MBA 2021 Vice-Chair Matt Rocco will interview Freddie Mac Executive Vice President and Head of Multifamily Business Deborah Jenkins.
Several MBA commercial/multifamily reports will come out this week as well. MBA NewsLink and MBA Commercial/Multifamily NewsLink will provide “on-site” coverage.
MBA releases its weekly Forbearance and Call Volume Survey today (Feb. 1) at 4:00 p.m. ET.; On Wed. Feb. 3, MBA releases its Weekly Applications Survey. And looming on the horizon: The MBA 4th Quarter National Delinquency Survey and the monthly MBA Mortgage Credit Availability Index
Here in Washington, members of the House and Senate are gearing up for the second impeachment trial of former President Donald Trump. As of this writing, the trial is scheduled to begin in the Senate on Monday, Feb. 8, but as always with matters on Capitol Hill, the situation remains fluid.
Neither the Senate Banking Committee nor the House Financial Services Committee have hearings as of this writing, although the Senate Banking Committee is expected to forward the nomination of Rep. Marcia Fudge, D-Ohio, as HUD Secretary to the full Senate. Fudge appeared before the Committee this past Thursday; she has support from MBA, which sent a letter to theCommittee in support of her nomination.
Here this week’s economic events/reports of interest:
Monday, Feb. 1: MBA Forbearance & Call Volume Survey (4:00 p.m. ET); Construction; Institute for Supply Management Manufacturing Index
Tuesday, Feb. 2: CoreLogic Home Price Index
Wednesday, Feb. 3: MBA Weekly Applications Survey; CREF 1st day; ADP National Employment Report; Institute for Supply Management Non-Manufacturing Index
Thursday, Feb. 4 CREF 2nd day; Initial Claims; Productivity and Costs; Manufacturing, Shipments & Orders
Friday, Feb. 5: Employment; Trade Balance
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.
