The Week Ahead Nov. 22, 2021: Four Things to Know

Good morning, and Happy Thanksgiving Week. Here are four things to look out for during this abbreviated week:

First, Thanksgiving. MBA offices will be closed on Thursday, Nov. 25 and Friday, Nov. 26 in observance of the Thanksgiving holidays.

MBA NewsLink will not publish on Nov. 25 and Nov. 26. MBA Commercial/Multifamily NewsLink will not publish on Nov. 25 MBA NewsLink will resume publishing on Monday, Nov. 29; MBA Commercial/Multifamily NewsLink will return on Thursday, Dec. 2.

On behalf of MBA Chair Kristy Fercho; MBA Vice Chair Matt Rocco; MBA Vice Chair-Elect Mark Jones; and MBA staff, have a safe holiday season.

Second, Congress. House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Chuck Schumer, D-N.Y., surely must be feeling like they’ve earned their paychecks as of late—first with passage of President Biden’s $1.2 trillion infrastructure package earlier this month, and second, with the House on Friday pushing through the Build Back Better Act, which would create a universal pre-K program, extend the enhanced child tax credit and expand access to health care, affordable housing and home care for seniors.

The Senate still has to approve the bill—and it can’t do so without support from Sens. Joe Manchin, D-W.Va.; and Krysten Sinema, D-Ariz., who continue to voice objections to certain provisions. This week should be interesting—stay tuned.

And after the Thanksgiving holidays, Congress still has to contend with its fiscal 2022 budget package. The government remains funded through Dec. 9, a deadline that is approaching with light-speed.

For more information about the House and Senate, visit and, respectively. For more information about upcoming hearings in the Senate Banking Committee, click For more information about upcoming hearings in the House Financial Services Committee, click

Third, Housing and Economic Reports. MBAissues its Weekly Mortgage Applications Survey on Wednesday, Nov. 24, with commentary and analysis from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.

Meanwhile, the monthly onslaught of housing reports continues this week. Here is a quick summary:

Monday: Existing Home Sales

Tuesday: Philadelphia Fed Non-Manufacturing Survey; University of Michigan Consumer Survey (final); Richmond Fed Survey

Wednesday: New Residential Sales; Gross Domestic Product (revised); Advance Durable Goods; Personal Income/PCE Deflator

Thursday: Initial Claims

Fourth, MBA Conferences. Here is a list of upcoming MBA Conferences:

·          Jan 10 – 13, 2022— MISMO Winter Summit 2022

Hyatt Regency Clearwater, Fla. Beach Resort and Spa

·          Jan 10 – 13, 2022— MISMO Winter Summit 2022 – Monday Livestream and Virtual Access to Workgroup Meetings

·          Jan 24 – 27, 2022— Independent Mortgage Bankers Conference

Grand Hyatt Nashville

·          Feb 13 – 16, 2022— Commercial/Multifamily Finance Convention and Expo

Manchester Grand Hyatt, San Diego

·          Feb 22 – 25, 2022— Servicing Solutions Conference and Expo

Hyatt Regency Orlando

·          Mar 6 – 9, 2022— Mid-Winter Housing Finance Conference 2022

Ritz-Carlton, Bachelor Gulch, Avon, Colo.

·          Apr 11 – 14, 2022— Technology Solutions Conference and Expo 2022

The Bellagio Las Vegas

·          Apr 25 – 26, 2022— State and Local Workshop 2022

Renaissance Washington, D.C.

·          Apr 26 – 27, 2022— National Advocacy Conference 2022

Renaissance Washington, D.C.

·          May 15 – 18, 2022— Secondary and Capital Markets Conference and Expo 2022

Marriott Marquis New York

·          May 15 – 18, 2022— Commercial/Multifamily Housing Servicing and Technology Conference

JW Marriott Los Angeles L.A. LIVE

·          May 22 – 25, 2022— Legal Issues and Regulatory Compliance Conference 2022

Intercontinental Miami

For more information, click the links above or visit

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  

For information about the National Association of Minority Mortgage Bankers of America (NAMMBA), visit

Enjoy the week! And Happy Thanksgiving!