The Week Ahead, Feb. 14, 2022: CREF 22 and 4 Other Things to Know

February 11, 2022 |By Mike Sorohan-msorohan@mba.org

SAN DIEGO—Good morning and happy Monday! MBA NewsLink is coming to you this week here at the MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo running through Wednesday, Feb. 16 at the Manchester Grand Hyatt.

CREF is the largest commercial/multifamily industry event of the year. More than 2,200 commercial real estate professionals are here to wheel, deal and participate in informative general sessions and breakout sessions.

Keynote speakers include Academy Award-winning actress, dancer and Presidential Medal of Freedom recipient Rita Moreno; singer-songwriter and founder of Five for Fighting John Ondrasik (“Superman,” “100 Years,” “The Riddle“); MBA Chair Kristy Fercho and MBA President & CEO Robert Broeksmit, CMB.

MBA NewsLink will produce a special afternoon edition today, Feb. 14, and will provide onsite coverage all week with its sister publication, MBA Commercial/Multifamily NewsLink.

For more information about CREF 22, click here.

And before you exhale, the biggest mortgage servicing event of the year, the MBA Servicing Solutions Conference and Expo, is just around the corner, taking place Feb. 22-25 at the Hyatt Regency Orlando. MBA NewsLink and MBA Servicing NewsLink will have onsite coverage next week.

Here’s what else is happening in the real estate finance world this week:

First, Presidents Day. MBA offices will be closed on Monday, Feb. 21 in observance of the Presidents Day holiday. MBA NewsLink will not publish. On behalf of MBA officers and staff, have a safe and happy holiday.

Second, MBA and Housing/Economic Reports. It’s a busy week for MBA. On Sunday, MBA released its year-end ranking of commercial and multifamily mortgage servicers’ volumes. This morning, MBA releases its 2021 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes; its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations; and its 2022 Commercial/Multifamily Mortgage and Finance Forecast, with analysis and commentary from MBA Vice President of Commercial/Multifamily Jamie Woodwell.

On Tuesday, Feb. 15, MBA releases its monthly Mortgage Credit Availability Index, with MBA Associate Vice President of Economic and Industry Forecasting Joel Kan providing analysis and commentary.

On Wednesday Feb. 16, MBA issues its Weekly Mortgage Applications Survey (7:00 a.m. ET); with Kan providing analysis and commentary.

And on Thursday, Feb. 17, MBA releases its monthly Builder Applications Survey, with Kan again providing commentary and analysis.

Here are this week’s scheduled housing/economic reports. MBA NewsLink will provide coverage of those marked in italics):

Monday: MBA 2021 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes; MBA Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations; MBA 2022 Commercial/Multifamily Mortgage and Finance Forecast

Tuesday: MBA Mortgage Credit Availability Index; Empire State Manufacturing Survey

Wednesday: MBA Weekly Applications Survey; Advance Retail Sales; National Association of Home Builders/Wells Fargo Housing Market Index; Import/Exports; Industrial Production/Capacity Utilization; Business Inventories

Thursday: New Residential Construction; Initial Claims; Philadelphia Fed Manufacturing Survey

Friday: Existing Home Sales

Third, Congress. The House and Senate are in session this week; the Senate Banking Committee and the House Financial Services Committee each hold hearings of interest this week.

The Senate Banking Committee holds a hearing on Thursday, Feb. 17, The State of the American Economy: A Year of Unprecedented Economic Growth and Future Plans.

The hearing features members of the White House Council of Economic Advisors. The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building room 538 and can be accessed online here.

The House Financial Services Committee holds three hearings this week. On Wednesday, Feb. 16, the full committee holds a virtual hearing on An Unprecedented Investment for Historic Results: How Federal Support for MDIs and CDFIs Have Launched a New Era for Disadvantaged Communities. The hearing begins at noon ET.

On Thursday, Feb. 17, the Subcommittee on National Security, International Development and Monetary Policy holds a virtual hearing on The Role of the International Monetary Fund in a Changing Global Landscape. The hearing begins at noon ET.

Also on Feb. 17, the Subcommittee on Consumer Protection and Financial Institutions holds a virtual hearing on Small Businesses, Big Impact: Ensuring Small and Minority-Owned Businesses Share in the Economic Recovery. The hearing begins at 3:00 p.m. ET.

More information and online links to the hearings can be found here.

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, MORE Upcoming MBA Events. Here is a list of upcoming MBA conferences: