The Week Ahead Nov. 1, 2021: Five Things to Watch
Good morning and happy November! Halloween: done. Next: Thanksgiving. Already in progress: The Hallmark Channel Christmas Movie Extravaganza. Here are five things to look for this week:
First, this Tuesday, Nov. 2 is Election Day in two states (New Jersey and Virginia), as well as several municipalities nationwide. Please get out and vote.
Second, Congress. The one-step-forward-two-steps-back dance continues in Congress, where Democrats are this close to passing some sort of infrastructure bill (that looks little like the $3.5 trillion package originally proposed by the Biden Administration). Like Whack-a-Mole, every time the Democratic leadership thinks it has its ducks in a row, someone else pops up. All we can tell you is, “stay tuned.”
For more information about the House and Senate, visit www.house.gov and www.senate.gov, respectively. For more information about upcoming hearings in the Senate Banking Committee, click https://www.banking.senate.gov/hearings. For more information about upcoming hearings in the House Financial Services Committee, click https://financialservices.house.gov/calendar/?EventTypeID=577&Congress=117.
Third, MBA kicks off another busy week of reports. The MBA weekly (for now) Forbearance & Call Volume Survey comes out this afternoon at 4:00 p.m. ET. MBA Chief Economist Mike Fratantoni will provide analysis and commentary in Tuesday’s MBA NewsLink. Because the numbers continue to move back toward pre-pandemic levels, the Weekly Forbearance & Call Volume Report is expected to become the Monthly Forbearance & Call Volume Survey soon.
On Wednesday, Nov. 3, MBA will release its Weekly Mortgage Applications Survey, with commentary and analysis from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan. Looking ahead, the monthly MBA Mortgage Credit Availability Index will be out within the next two weeks.
Fourth, Economic Reports. The first week of the month is always heavy on the jobs market, with the ADP National Employment Report (Wednesday); Initial Claims (Thursday) and the Employment Situation (Friday). MBA Chief Economist Mike Fratantoni will provide commentary and analysis on the employment report in the Monday, Nov. 8 edition of MBA NewsLink.
Other reports of interest this week:
Monday: Construction; Institute for Supply Management Manufacturing Survey
Tuesday: CoreLogic Home Price Index
Wednesday: Institute for Supply Management Non-Manufacturing Index; Manufacturing, Shipments & Orders
Thursday: International Trade; Productivity & Costs
Friday: Employment Situation
Fifth, MBA Conferences. We are one week away from the MBA Accounting and Financial Management Conference, taking place Nov. 10-12 at the Grand Hyatt Nashville.
Get the latest guidance on what’s ahead for mortgage finance professionals. Attendees will hear an analysis on the current state of the market and insights into accounting implications caused by several COVID-related regulatory changes. Hear a timely FASB update and attend strategy sessions to get the “nuts and bolts” needed to manage change and move forward.
Other upcoming MBA Conferences:
· Jan 10 – 13, 2022— MISMO Winter Summit 2022
Hyatt Regency Clearwater 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, CO
· 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, DC
· Apr 26 – 27, 2022— National Advocacy Conference 2022
Renaissance Washington, DC
· 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 https://www.mba.org/conferences-and-education/conferences-and-meetings.
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/.
Enjoy the week!
