The Week Ahead, Aug. 8, 2022: Five Things to Know
Good morning and happy Monday! Hope you are staying cool in your neck of the woods. Here’s what’s happening this week:
First, MBA Reports. MBA releases its monthly Mortgage Credit Availability Index (MCAI) this Tuesday, Aug. 9, with analysis and commentary from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
MBA also releases its Weekly Applications Survey this Wednesday, Aug. 10, with commentary and analysis from Kan.
Second, Other Economic Reports. Here are this week’s other economic reports; those that MBA NewsLink will cover are in italics:
Monday: (no reports)
Tuesday: MBA Mortgage Credit Availability Index; Productivity and Costs (preliminary)
Wednesday: MBA Weekly Applications Survey; Consumer Price Index; Wholesale Trade
Thursday: Initial Claims
Friday: Imports/Exports; U. of Michigan Consumer Survey (preliminary))
Third, Congress. Senate Democrats keep plugging away at the Inflation Reduction Act of 2022, the massive reconciliation bill that is a cornerstone of the Biden Administration’s fiscal policy; votes are slated for this week.
As reported in MBA NewsLink on Friday, Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.Va., agreed to drop a controversial “carried interest” provision in the bill after threats by Sen. Kyrsten Sinema, D-Ariz., to withdraw her critical vote. MBA and a number of industry trade groups also opposed the carried interest provision, as detailed in a letter sent last Thursday.
The Senate on Saturday agreed to move forward with a vote on the bill, which expected this week.
Following the vote the Senate is expected to join the House in recess until after the Labor Day holiday. The House and Senate are slated to return on Tuesday, Sept. 6.
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.
Fourth, the MBA Annual Convention & Expo. The biggest real estate finance industry event of the year—the MBA Annual Convention & Expo—has some big-name speakers: Academy Award-winning actress, singer and dancer Rita Moreno and former House Speaker Paul Ryan, R-Wis., will deliver keynote remarks.
MBA Annual22 is less than three months away, taking place Oct. 23-26 at the Music City Center in Nashville. The largest annual gathering of real estate finance professionals, this is the one event you need to gain access to the industry’s power players and innovators.
–Be inspired and get informed by engaging speakers on the Main Stage
–Meet with more than 100 exhibitors in THE HUB and get hands-on access to the latest products and services
–Dive deep into Breakout Sessions to get the insight you need on all the facets of the business
–Connect with industry peers through unparalleled networking opportunities
–Leave MBA ANNUAL22 with more than just great memories. Leave with actionable takeaways for future success.
For more information and to register, click here.
Fifth, Upcoming MBA Conferences. Here is a list of upcoming MBA conferences:
Aug. 29-Sept. 1: MISMO Fall Summit, Washington, D.C.
https://www.mismo.org/events-education/mismo-summit-.
September 8-9: MBA Human Resources Symposium 2022, Hilton Arlington, Va.
Sept. 11-13: MBA Risk Management, QA and Fraud Prevention Forum, Grand Hyatt Nashville
Sept.15-17: NAMMBA Connect 2022, Orlando, Fla.
Sept. 18-20: MBA Regulatory Compliance Conference, Grand Hyatt Washington, D.C.
Oct. 22: mPowering You: MBA’s Summit for Women in Real Estate Finance, Music City Center Nashville
Oct. 23-26: MBA Annual Convention and Expo, Music City Center Nashville
Nov. 8-10: MBA Accounting and Financial Management Conference, JW Marriott Phoenix Desert Ridge Resort & Spa Phoenix
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!
