The Week Ahead, May 16, 2022: MBA Secondary; MBA CMST; MBA’s Mark Jones to Testify on Capitol Hill Wednesday
NEW YORK—Good morning and happy Monday! MBA NewsLink and MBA Servicing NewsLink are coming to you this week here at the Mortgage Bankers Association’s Secondary and Capital Markets Conference & Expo at the Marriott Marquis in Times Square.
Connecting you with the conference you’ve known and trusted for years. MBA’s Secondary & Capital Markets Conference & Expo is back – live and in person – to better serve your needs. Meet with current and potential business partners at the premier gathering of secondary and capital markets professionals. Join us in NYC for market intel and actionable insights you won’t want to miss.
Confirmed speakers include Sandra Thompson, Acting Director of the Federal Housing Finance Agency; and John C. Williams, President and CEO of the Federal Reserve Bank of New York, along with MBA President & CEO Bob Broeksmit, CMB.
The Conference runs through Wednesday, May 18. For more information, visit the Conference website.
On the other side of the U.S., the MBA Commercial/Multifamily Finance Servicing and Technology Conference takes place at the JW Marriott Los Angeles.
CMST brings together the biggest names and brightest minds to discuss relevant issues in 2022 and beyond. Our robust program offers a dynamic balance of networking events and engaging peer-to-peer learning opportunities to inform, engage, and inspire you. Join MBA, industry thought leaders, and your peers in person for the largest and most exclusive event of the year.
For more information, click here.
Here’s what else is happening this week:
First, MBA To Testify on Capitol Hill. MBA Vice-Chair Mark Jones, CEO and Co-Founder of Amerifirst Home Mortgage, testifies on behalf of MBA before the House VA Subcommittee on Economic Opportunity this Wednesday, May 18.
Jones will testify in support of H.R. 7735, the” Improving Access to the VA Home Loan Act,” which would direct VA to update its policies on home appraisals.
The hearing takes place at 10:00 a.m. ET in House Visitors Center Room 210 and can be accessed online here. MBA NewsLink will provide coverage.
Elsewhere on Capitol Hill this week, the Senate Banking Committee holds a nomination hearing on Thursday, May 19 to consider nominations of Michael Barr as Member and Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System; Jaime E. Lizárraga to be a Member of the Securities and Exchange Commission; and Mark Toshiro Uyeda to be a Member of the Securities and Exchange Commission.
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 has no hearings scheduled this week; however, on Wednesday, May 25, Subcommittee on Housing, Community Development and Insurance will hold a hearing on “Reauthorization and Reform of the National Flood Insurance Program.” The hearing will begin at noon ET in 2128 Rayburn House Office Building and can be accessed online 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.
Second, MBA Reports. MBA has a busy week, starting this afternoon (Monday, May 16) with its monthly Loan Monitoring Survey (formerly the MBA Forbearance & Call Volume Survey). That report comes out at 4:00 p.m. ET with commentary and analysis from MBA Vice President of Industry Analysis Marina Walsh, CMB; MBA NewsLink will provide coverage in its Tuesday, May 17 edition.
On Wednesday, May 18, the MBA Weekly Applications Survey comes out (7:00 a.m. ET) with commentary and analysis from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
And on Thursday, May 19, the monthly MBA Builder Applications Survey is released (8:00 a.m. ET), with commentary and analysis from Kan.
Third, Other Economic Reports. The third week of the month marks the start of May housing reports. Here is a list of upcoming reports this week; those that MBA NewsLink will cover appear in boldface:
Monday: MBA Loan Monitoring Survey; Empire State Manufacturing Survey
Tuesday: Advance Retail Sales; National Association of Home Builders/Wells Fargo Housing Market Index; Business Leaders Survey; Industrial Production And Capacity Utilization; Business Inventories
Wednesday: MBA Weekly Applications Survey; New Residential Construction
Thursday: MBA Builder Applications Survey; Initial Claims; Philadelphia Fed Manufacturing Survey; NAR Existing Home Sales
Friday: (no reports scheduled)
Fourth, Upcoming MBA Conferences. Here is a list of upcoming MBA conferences:
May 22-25: MBA Legal Issues and Regulatory Compliance Conference, Intercontinental Miami
https://www.mba.org/conferences-and-education/legal-issues-and-regulatory-compliance-conference.
June 6-9: MISMO Spring Summit, Charleston, S.C.
June 12-15: MBA Chairman’s Conference, Carlsbad, Calif.
June 15-16: MBA CREF Market Intelligence Symposium, Online
June 22-23: MBA Single-Family Research & Economics Showcase, Online
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!
