The Week Ahead—May 10, 2021
Good morning! The Mortgage Bankers Association’s National Advocacy Conference kicks off in a little more than 24 hours.
Offered through MBA LIVE, NAC is the largest advocacy event of the year focused solely on the issues facing you and the real estate finance industry. The virtual format gives you access to a range of information and priorities, and will facilitate MBA members and lawmakers conversing “face-to-face” online from your home or office.
The stellar lineup includes:
–Senate Banking Committee Chairman Sherrod Brown, D-Ohio;
–Sen. Pat Toomey, R-Pa.
–Sen. Raphael Warnock, D-Ga.
–Rep Steve Stivers, R-Ohio,
–Rep. Dene Phillips, D-Minn.
–Rep. Anthony Gonzalez, R-Ohio
–Former Rep. Barney Frank, D-Mass.
–Former Rep. Jeb Hensarling, R-Texas.
MBA President & CEO Robert Broeksmit, CMB, gets things started Tuesday at 11:00 a.m. ET with a keynote address.
It’s not too late to participate. For more information and to register, click here.
MBA releases its weekly Forbearance & Call Volume Survey this afternoon at 4:00 p.m. ET; and its Weekly Applications Survey on Wednesday, May 5 (7:00 a.m. ET). Additionally, during the National Advocacy Conference, MBA will announce the recipient of the Burton C. Wood Legislative Service Award. Also this week, look for a special announcement from the MBA Opens Doors Foundation.
On Capitol Hill this week, the Senate Banking Committee holds a hearing to consider the Biden Administration’s nomination of Adrianne Todman as HUD Deputy Secretary and Nuria Fernandez as Federal Transit Administrator. The remote hearing takes place on Tuesday, May 11 at 10:00 a.m. and can be accessed here.
Upcoming Webinars of Interest
Snapdocs Fireside Chat with MBA’s Mike Fratantoni Today
This afternoon, May 10, MBA Chief Economist Mike Fratantoni will join Aaron King, Founder and CEO of Snapdocs, for a Fireside Chat at 2:00 p.m. ET.
As mortgage lenders move on from an unprecedented year, many are asking “what’s next?” Join King and Fratantoni as they discuss how factors such as the state of the economy, the Federal Reserve’s policies, the housing supply and demographics driving purchase demand might impact lenders’ profitability over the next year. You’ll also hear examples of how lenders are adapting to these market changes. As we all learned in 2020, the future belongs to those who are ready for it.
Attendees will have an opportunity to submit questions when completing the registration process and during the live event. All registered attendees will receive the recorded session. For more information, click here.
LBA Ware Hosts Quarterly Webinar Series May 13
LBA Ware, Macon, Ga., announced the second installment in its free, quarterly webinar series. Featuring capital markets expert Rob Chrisman, Deal or No Deal: Growth and Exit Strategies for Today’s Mortgage Lender is designed to give lending executives and investors meaningful insight into today’s mortgage M&A market. The webinar will take place Thursday, May 13, from 1:00-2:00 p.m. ET.
Chrisman will join LBA Ware Founder and CEO Lori Brewer for a live fireside chat that will examine recent industry deals and highlight the most important factors for investors, buyers and sellers to consider in today’s market.
To register, click here.
Here are this week’s economic events/reports of interest:
Monday, May 10: MBA Weekly Forbearance & Call Volume Survey; Construction; Institute for Supply Management Manufacturing Index
Tuesday, May 11: (No reports of interest scheduled)
Wednesday, May 12: MBA Weekly Applications Survey; Consumer Price Index
Thursday, May 13: Initial Claims
Friday, May 14: Advance Retail Sales; Imports/Exports; Industrial Production & Capacity Utilization; 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.
