The Week Ahead—Mar. 15, 2021
Good morning! Congratulations—you’ve made it to spring!
The Mortgage Bankers Association’s Spring Summit is less than a month away. Four conferences in one – designed for the times – MBA’s all-new Spring Conference & Expo: Independent Mortgage Banks, Secondary Markets, Servicing and Technology is your opportunity to get everything you look forward to at your favorite MBA event, plus even more content and connections.
Offered via MBA LIVE, an interactive virtual conference experience, this epic event allows you to hear from an unparalleled lineup of speakers on the Main Stage, dive deep into your specialty area and explore others, chat live with peers across the entire residential real estate finance industry and find innovative solutions from exhibitors in the virtual HUB.
Keynote speakers include business legend Gary Cohn and Federal Housing Finance Agency Director Mark Calabria, as well as keynote addresses by MBA President & CEO Robert Broeksmit, CMB, and MBA Chair Susan Stewart.
To register, click here. For more information, visit here.
Capitol Hill is busy again this week. On Tuesday, Mar. 23, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell visit (virtually) the House Financial Services Committee for a hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response. The hearing begins a noon ET and can be accessed online here.
On Wednesday, Mar. 24, Yellen and Powell virtually visit the Senate Banking Committee for a hearing on “The Quarterly CARES Act Report to Congress.” The hearing begins at 10:00 a.m. ET and can be accessed online here.
On Thursday, Mar. 25, the Banking Committee holds a remote hearing, “American Rescue Plan: Shots in Arms and Money in Pockets.” Slated to testify: Amy Matsui, Director of Income Security and Senor Counsel with the National Women’s Law Center; and Sharon Parrott, President of the Center for Budget and Policy Priorities.
The hearing begins at 10:00 a.m. ET and can be accessed online here.
Back on the House side, On Wednesday, Mar. 24 the Financial Services Subcommittee on Housing, Community Development & Insurance holds a virtual hearing, “Preserving a Lifeline: Examining Public Housing in a Pandemic.” The hearing begins at noon ET and can be accessed online here.
On Thursday, Mar. 25, the Financial Services’ Subcommittee on National Security, International Development and Monetary Policy holds a virtual hearing, “Ending Exploitation: How the Financial System Can Work to Dismantle the Business of Human Trafficking. The hearing begins at noon ET and can be accessed online here.
MBA member company Sales Boomerang will hold a free webinar this Wednesday, Mar. 24. Titled Homebot Webinar, it features Join Jason Frazier, Chief Strategy Officer of Equity Prime Mortgage, Alex Kutsishin, CEO of Sales Boomerang, and Ernie Graham, CEO of Homebot, as they dive into the “trusted triad” of lenders, agents and their clients — and the importance of a tech stack that supports it. For more information, click https://hubs.ly/H0J16D_0.
Here are this week’s economic events/reports of interest:
Monday, Mar. 22: MBA Weekly Forbearance & Call Volume Survey; Existing Home Sales; Chicago Fed National Activity Index
Tuesday, Mar. 23: New Residential Sales; Philadelphia Fed Non-Manufacturing Survey; Richmond Fed Survey
Wednesday, Mar. 24: MBA Weekly Applications Survey; Advance Durable Goods
Thursday, Mar. 25: Initial Claims; Gross Domestic Product (third release)
Friday, Mar. 26: Personal Income/PCE Deflator; University 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.
