The Week Ahead, Dec. 19, 2022: Winding Down 2022
Good morning, and happy Monday! Welcome to the final business week of 2022. Let’s get started:
First, the Holiday Schedule: MBA offices will close on Friday, Dec. 23 at 5:00 p.m. ET and will remain closed throughout the holidays, reopening on Tuesday, Jan. 3, 2023.
MBA NewsLink will not publish from Monday, Dec. 26 through Monday, Jan. 2, 2023, returning on Tuesday, Jan. 3, 2023. MBA Servicing NewsLink will not publish on Tuesday, Dec. 27; MBA Commercial Multifamily NewsLink will not publish on Thursday, Dec. 29.
On behalf of MBA officers and staff, have a safe and happy holiday season.
Second, MBA Reports. MBA is closing out 2022 with a bang, issuing four major reports this week.
Today (Monday), MBA releases its monthly Loan Monitoring Survey at 4:00 p.m. ET, with commentary from MBA Vice President of Industry Analysis Marina Walsh.
On Tuesday, MBA releases its monthly Builder Applications Survey, with commentary and analysis from MBA Vice President and Deputy Chief Economist Joel Kan.
On Wednesday, MBA issues its final Weekly Applications Survey of the year, with Kan providing commentary and analysis.
And on Thursday, MBA releases its monthly Purchase Applications Payment Index, with commentary and analysis from MBA Associate Vice President of Housing Economics Edward Seiler.
Third, Other Economic Reports. The week before the holidays is chock full of housing and economic reports. Here’s this week’s reports; those MBA NewsLink will cover are in italics:
—Monday: MBA Loan Monitoring Survey; National Association of Home Builders/Wells Fargo Housing Market Index
—Tuesday: MBA Builder Applications Survey; New Residential Construction
—Wednesday: MBA Weekly Applications Survey; Existing Home Sales
—Thursday: MBA Purchase Applications Payment Index; Initial Claims; Gross Domestic Product;
—Friday: New Residential Sales; Advance Durable Goods; Personal Income/PCE Deflator; University of Michigan Consumer Survey (final)
Fourth, Congress. The 117th Congress is scheduled to adjourn Dec. 22, but there’s still work to do. The House and Senate passed a continuing resolution allowing the government to remain open through this week, but time is running out on a larger, full fiscal year 2023. Outgoing House Speaker Nancy Pelosi, D-Calif., said she is hopeful of reaching an agreement before Christmas.
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.
Fifth, MBA Conferences. Here’s a list of upcoming MBA conferences:
Jan. 23-26, 2023: MBA Independent Mortgage Bankers Conference, Coronado, Calif. For more information, click here.
Feb. 12-15, 2023: CREF 2023, San Diego. For more information, click here.
Feb. 21-24, 2023: MBA Servicing Solutions Conference & Expo, Orlando. For more information, click here.
Apr. 17-18, 2023: MBA State & Local Workshop, Washington, D.C. For more information, click here.
Apr. 18-19, 2023: MBA National Advocacy Conference, Washington, D.C. Fore more information, click here.
May 9-12, 2023: MBA Commercial/Multifamily Housing Servicing and Technology Conference, Chicago. For more information, click here.
May 21-24, 2023: MBA Secondary and Capital Markets Conference & Expo, New York. For more information, click here.
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! And enjoy the holidays! See you on Jan. 3.
