The Week Ahead—June 1, 2021
Good morning! Welcome back from the holiday weekend—and welcome to June (already!).
Because of yesterday’s holiday, the Mortgage Bankers Association releases its weekly Forbearance & Call Volume Survey today. The survey has shown drops in loans in forbearance for 12 consecutive weeks—will today’s report make it 13? Stay tuned—the report comes out at 4:00 p.m. ET.
MBA also releases its Weekly Mortgage Applications Survey this Wednesday at 7:00 a.m. ET.
Other reports of interest this week: Construction (Tuesday, 10:00 a.m. ET); the CoreLogic monthly Home Price Index (Tuesday, 8:00 a.m. ET); the Institute for Supply Management Manufacturing Index (Tuesday, 10:00 a.m. ET); the ADP National Employment Report (Wednesday, 8:15 a.m. ET); Initial Claims (Thursday, 8:30 a.m. ET); Productivity & Costs (Thursday, 8:30 a.m. ET); the ISM Non-Manufacturing Index (Thursday, 10:00 a.m. ET); Manufacturing, Shipments & Orders (Friday, 10:00 a.m. ET); and the May Employment Situation (Friday, 8:30 a.m. ET); MBA Chief Economist Mike Fratantoni will provide commentary on the Friday employment report for Monday’s MBA NewsLink.
Capitol Hill is relatively quiet this week; Congress is in recess until next week. The Senate returns on Monday, June 8; the House on Tuesday, June 9.
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/.