The Week Ahead, Jan. 24, 2022: Six Things to Know
NASHVILLE, Tenn.—Good morning and Happy Tuesday! MBA NewsLink comes to you this week from the Mortgage Bankers Association’s Independent Mortgage Bankers Conference & Expo. More about that and five other things to know this week:
First, IMB, which gets underway here at the Grand Hyatt Nashville. IMB22 is the epicenter for IMBs of all sizes and models and their leadership teams. Hear new solutions, actionable advice, and the data and analytics you need to improve your bottom line. From in-person networking to peer-to-peer sharing.
Keynote speakers include MBA President & CEO Robert Broeksmit, CMB; New York Times best-selling author Marcus Buckingham; motivational speaker Meg Myers; an economics presentation from MBA Economists Mike Fratantoni and Marina Walsh, CMB; and much more
MBA NewsLink will provide on-site coverage of IMB22. For more information, click here.
Second, CREF 22. The MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo is less than three weeks away, taking placr Feb. 13-16 at the Manchester Grand Hyatt in San Diego.
Join us in person again at the largest commercial/multifamily industry event of the year. Sunny San Diego presents endless opportunities to network and secure deals for the coming year and beyond.
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.
Don’t miss this must-attend event. For more information and to register, click here.
Third, the Federal Reserve. The Federal Open Market Committee meets this week amid more signs of inflation and pressure to raise the federal funds rate (currently at 0-0.25 percent, where it has been since March 2020. MBA projects the FOMC to raise the federal funds rate three times in 2022; the only question is, when?
The FOMC meets this Tuesday, Jan. 25 and Wednesday, Jan. 26 and will issue its policy statement at 2:00 p.m. ET on Wednesday. MBA Chief Economist Mike Fratantoni will provide commentary and analysis of the Fed meeting in the Thursday, Jan. 27 edition of MBA NewsLink.
Fourth, MBA Reports and Housing/Economic Reports. MBA releases its Weekly Mortgage Applications Survey this Wednesday, Jan. 26 at 7:00 a.m. ET; MBA Associate Vice President of Economic and Industry Forecasting Joel Kan will provide analysis and commentary.
The parade of housing and economic reports continue this week, as indicated below. Those marked in boldface indicate reports of which MBA NewsLink will provide coverage):
Tuesday: S&P CoreLogic Case-Shiller Indices; Philadelphia Fed Non-Manufacturing Index; Consumer Confidence; Richmond Fed Manufacturing Survey
Wednesday: MBA Weekly Applications Survey; Federal Open Market Committee Statement; New Residential Sales
Thursday: Initial Claims; Advance Durable Goods; Gross Domestic Product; Pending Home Sales
Friday: Employment Cost Index; Personal Income/PCE Deflator; U. of Michigan Consumer Surveys (final)
Fifth, Congress. With efforts to pass federal voting rights legislation and to make changes to the Senate filibuster at Square One (again), the Biden Administration said it will work with House and Senate leaders on a smaller version of its Build Back Better legislative relief package in an effort to reach common ground with recalcitrant Democrats—and even Republicans.
Neither the Senate Banking Committee nor the House Financial Services Committee have hearings scheduled this week.
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.
Sixth, more MBA Conferences. Here is a list of upcoming MBA conferences:
· 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
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!