The Week Ahead, Apr 24, 2023: End-of-Month Housing Reports
Good morning and happy Monday! Here’s what’s happening this week:
MBA Reports. On Wednesday, Apr. 26,MBA releases its Weekly Mortgage Applications Survey, with MBA Vice President and Deputy Chief Economist Joel Kan providing commentary and analysis.
On Thursday, Apr. 27, MBA releases its monthly Purchase Applications Payment Index, with commentary and analysis from MBA Associate Vice President of Housing Economics Edward Seiler
And if you haven’t yet checked out the MBA State of the Association, featuring a look back at key issues affecting the real estate finance industry in 2022 and the economic and policy outlook for 2023, please do so by clicking the link above.
Other Economic Reports. The parade of month-end housing market reports continues this week. Here are this week’s reports; those that MBA NewsLink will cover are in italics:
—Monday: Chicago Fed National Activity Index
—Tuesday: S&P CoreLogic Case-Shiller Housing Indices; New Residential Sales; Consumer Confidence; Philadelphia Fed Non-Manufacturing Survey
—Wednesday: MBA Weekly Applications Survey; Advance Durable Goods
—Thursday: MBA Purchase Applications Payment Index; Initial Claims; Gross Domestic Product; Pending Home Sales
—Friday: University of Michigan Consumer Survey (final)
Congress. The House and Senate are in session this week.
The Senate Banking Committee holds a hearing on Wednesday, Apr. 26, Building Consensus to Address Housing Challenges. Slated to testify: Lou Tisler, Executive Director of the National NeighborWorks Association; Vanessa Brown Calder, Director of Opportunity and Family Policy Studies with the Cato Institute; and Diane Yentel, President and CEO of National Low Income Housing Coalition.
The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building 538 and can be accessed online here.
On Thursday, Apr. 27, the Senate Banking Committee holds a hearing, Oversight of the Credit Reporting Agencies. Witnesses include Mark W. Begor, CEO of Equifax Inc.; Chris A. Cartwright, President and CEO of TransUnion; and Brian Cassin, CEO of Experian. The hearing begins at 10:00 a.m. ET in 538 Dirksen and can be accessed online here.
The House Financial Services subcommittee on National Security, Illicit Finance, and International Financial Institutions holds a hearing on Thursday, Apr. 27 on Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI). The hearing begins at 2:00 p.m. ET in 2220 Rayburn House Office Building and can be accessed online here.
Also on Thursday, Apr. 27, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion holds a hearing, The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure. That hearing also begins at 2:00 p.m. ET in 2128 Rayburn 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 here. For more information about upcoming hearings in the House Financial Services Committee, click here.
And finally, MBA Conferences. Here’s a list of upcoming MBA conferences:
Apr. 26-27: MBA Commercial/Multifamily Human Resources Roundtable 2023. For more information, click here.
May 7-10: MBA Legal Issues & Regulatory Compliance Conference, Austin, Texas. For more information, click here.
May 9-12: MBA Commercial/Multifamily Housing Servicing and Technology Conference, Chicago. For more information, click here.
May 21-24: MBA Secondary and Capital Markets Conference & Expo, New York. For more information, click here.
June 4-7: MBA Chairman’s Conference, Manalapan, Fla. For more information, click here.
June 5-8: MISMO Spring Summit, Portland, Ore. For more information, click here.
Sept. 10-12: MBA Regulatory Compliance Conference, Washington, D.C. For more information, click here.
Sept. 11-13: MBA Risk Management, QA and Fraud Prevention Forum, Phoenix. For more information, click here.
Oct. 14: mPowering You: MBA’s Summit For Women in Real Estate Finance, Philadelphia. For more information, click here.
Oct. 15-18: MBA Annual Convention & Expo, Philadelphia. 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!
