The Week Ahead—Jan. 25, 2021
Good morning! Welcome to the first full week of business for the Biden Administration.
But first: The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Convention & Expo and Commercial/Multifamily Servicing and Technology Conference is little more than a week away, 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.
MBA NewsLink and MBA Commercial/Multifamily NewsLink will provide “on-site” coverage.
MBA releases its weekly Forbearance and Call Volume Survey today (Jan. 25) at 4:00 p.m. ET.; On Wed. Jan. 27, MBA releases its Weekly Applications Survey.
Back in Washington, President Biden’s nominee for HUD Secretary, Marcia Fudge, appears before the Senate Banking Committee on Thursday, Jan. 28. Also appearing before the Committee is Cecilia Rouse, nominated as Chair of the Council of Economic Advisors. A vote is expected shortly after.
The remote hearing begins at 10:00 a.m. ET and can be accessed online here.
The House Financial Services Committee is expected to convene soon. On Jan. 21, Committee Chair Maxine Waters, D-Calif., announced Democratic Party members of the committee. The Committee’s Ranking Member, Rep. Patrick McHenry, R-N.C., recently confirmed membership of the Committee’s Republicans.
The Senate Veterans’ Affairs Committee meets on Wednesday, Jan. 27 to hear from and consider Denis McDonough’s nomination as Secretary of Veterans Affairs. The hearing begins at 3:00 p.m. ET in Dirksen Senate Office Building room 106 and can be accessed online here.
Here this week’s economic events/reports of interest:
Monday, Jan. 25: MBA Forbearance & Call Volume Survey (4:00 p.m. ET); Chicago Fed National Activity Index; Dallas Fed Manufacturing Survey
Tuesday, Jan. 26: S&P CoreLogic Case-Shiller Home Price Index; Consumer Confidence; Richmond Fed Survey; Philadelphia Fed Non-Manufacturing Survey
Wednesday, Jan. 27: MBA Weekly Applications Survey
Thursday, Jan. 28 Initial Claims; New Residential Sales; Gross Domestic Product
Friday, Jan. 29: Employment Cost Index; Pending Home Sales; Personal Income/PCE Deflator; 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.
