The Week Ahead—Jan. 11, 2021
Good morning! So, you thought 2021 couldn’t get any crazier than 2020?
What a week: a riot in and around the U.S. Capitol, which many called a “coup” attempt—itself an extraordinary event in U.S. history; an unusual special election in Georgia for not one, but both of the states Senate seats that saw Democrats win both—and swing the balance of power in the Senate from Mitch McConnell, R-Ky., to Charles Schumer, D-N.Y.; and finally, in the wake of the riots and calls on both sides of the aisle to impeach (again) or even invoke the 25th Amendment, a long-overdue concession from Donald Trump that a peaceful transfer of power would take place on Jan. 20, when Joseph Biden Jr. becomes the 46th President of the United States.
Following last week’s violence, MBA President & CEO Robert Broeksmit, CMB, issued a statement, which you can find here.
Politics aside—and who knows what will happen this week—murder hornets? An invasion by Canada? MTV starts playing music again?—things should be a little quieter. The House and Senate are adjourned until after the Biden/Harris inauguration (Wednesday, Jan. 20). But lots could happen between now and then, as we saw last week.
MBA releases its weekly Forbearance and Call Volume Survey today (Jan. 11) at 4:00 p.m. ET. On Tuesday, Jan. 12, MBA releases its monthly Mortgage Credit Availability Index. And on Wednesday, Jan. 13, MBA releases its Weekly Applications Survey.
Here this week’s economic events/reports of interest:
Monday, Jan. 11: MBA Forbearance & Call Volume Survey
Tuesday, Jan. 12: MBA Mortgage Credit Availability Index
Wednesday, Jan. 13: MBA Weekly Applications Survey; Consumer Price Index
Thursday, Jan. 14: Initial Claims; Imports/Exports
Friday, Jan. 15: Advance Retail Sales; Empire State Manufacturing Survey; Business Inventories; U. of Michigan Consumer Surveys (preliminary)
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.
