The Week Ahead—Jan. 19, 2021
Good morning! It’s already Tuesday.
Following another…um, “interesting” weekend here in Washington, we move forward with another extraordinary week. On Wednesday, Jan. 20, Joseph Biden Jr. will be sworn in as the 46th President of the United States and Kamala Harris as Vice President before what should be the smallest inauguration crowd, for safety and security purposes, in more than 200 years.
And if Inauguration Day isn’t enough (by the way, MBA offices will be open that day), Wednesday could also mark the first day in the Senate of the second impeachment trial of Donald Trump. Stay tuned.
Also this week, President Biden is expected to formally introduce a $1.9 trillion coronavirus relief package. For an MBA summary of the bill, click here.
And Biden’s nominee for Treasury Secretary, Janet Yellen, appears before the Senate Finance Committee. The confirmation hearing takes place this morning at 10:00 a.m. ET in 106 Dirksen Senate Office Building and can be accessed online here.
MBA releases its weekly Forbearance and Call Volume Survey today (Jan. 19) at 4:00 p.m. ET.; the MLK holiday delayed release by one day. On Wed. Jan. 20, MBA releases its Weekly Applications Survey.
Here this week’s economic events/reports of interest:
Tuesday, Jan. 19: MBA Forbearance & Call Volume Survey (4:00 p.m. ET)
Wednesday, Jan. 20: MBA Weekly Applications Survey; National Association of Home Builders/Wells Fargo Housing Market Index
Thursday, Jan. 21 Initial Claims; New Residential Construction; Philadelphia Fed Manufacturing Survey
Friday, Jan. 22: Existing Home Sales
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.
