The Week Ahead, Feb. 6, 2023: The Countdown to CREF23 Begins
Good morning and happy Monday; We have a busy week ahead of us, so let’s get to it:
First, CREF23. The MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo—CREF23—is less than one away, taking place Feb. 12-15 in San Diego. MBA NewsLink and MBA Commercial/Multifamily NewsLink will provide onsite coverage.
Keynote speakers include Roger Ferguson, President and CEO of TIAA and former Federal Reserve Vice Chair; Sandra Thompson, Director of the Federal Housing Finance Agency; and Julia Gordon, HUD Assistant Secretary and FHA Commissioner.
For more information, click here.
Second MBA Reports. On Wednesday, Feb. 8, MBA issues its Weekly Applications Survey, with commentary and analysis from MBA Vice President and Deputy Chief Economist Joel Kan.
On Thursday, Feb. 9, MBA will issue its monthly Mortgage Credit Availability Index, with Kan providing commentary and analysis.
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.
The video includes discussions and interviews with:
–MBA President & CEO Bob Broeksmit, CMB (keynote address)
–MBA COO Marcia Davies
—Mike Fratantoni, SVP and Chief Economist on the 2023 Single-Family and Commercial/Multifamily Forecast
—Bill Killmer, SVP, Legislative and Political Affairs on the 2022 Legislative Recap and 2023 Outlook
—Mike Flood, SVP, Commercial/Multifamily Policy and Member Engagement on the 2022 Commercial/Multifamily Advocacy Recap and 2023 Outlook
—Pete Mills, SVP, Residential Policy and Strategic Industry Engagement on the 2022 Residential Policy and Regulatory Recap and 2023 Outlook
—Tamara King, VP, Strategic Industry Engagement on Member Engagement in 2023
—Steve O’Connor, SVP, Affordable Housing Initiatives on Affordable Housing Initiative Update
—Lisa Haynes, SVP, Senior Vice President, Chief Financial Officer, and Chief Diversity and Inclusion Officer on Diversity, Equity and Inclusion Highlights and Initiatives.
Third, Other Economic Reports. Here are this week’s housing and economic reports; those MBA NewsLink will cover are in italics:
—Monday: (no reports)
—Tuesday: CoreLogic Home Price Index; Trade Balance
—Wednesday: MBA Weekly Applications Survey; Wholesale Trade
—Thursday: Initial Claims
—Friday: University of Michigan Consumer Survey (preliminary)
Fourth, Congress. After a month of getting organized, the Senate Banking Committee and the House Financial Services Committee get down to business this week.
The Senate Banking Committee holds a hearing on Thursday, Feb. 9 on “The State of Housing 2023.”
Slated to testify: Christopher Herbert, Managing Director of the Harvard Joint Center for Housing Studies; Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy with the National Association of Home Builders; and Lance George, Director of Research and Information with the Housing Assistance Council.
The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building 538 and can be accessed online here.
The House Financial Services Committee holds three hearings of interest this week. On Wednesday, Feb. 8, the Subcommittee on Financial Institutions and Monetary Policy holds a hearing, “Revamping and Revitalizing Banking in the 21st Century.” The hearing begins at 10:00 a.m. ET, location to be determined, but can be accessed online here.
Also on Wednesday, Feb. 8, the Subcommittee on Capital Markets holds a hearing, “Sophistication or Discrimination? How the Accredited Investor Definition Unfairly Limits Investment Access for the Non-wealthy and the Need for Reform.” The hearing begins at 10:00 a.m. ET, location to be determined, but can be accessed online here.
Also also on Feb. 8, the Subcommittee on Capital Markets holds a hearing, “Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses.” The hearing begins at 2:00 p.m. ET, location to be determined, but 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.
Fifth, MBA Conferences. Here’s a list of upcoming MBA conferences:
Feb. 12-15: CREF 2023, San Diego. For more information, click here.
Feb. 21-24: MBA Servicing Solutions Conference & Expo, Orlando. For more information, click here.
Mar. 5-8: MBA Mid-Winter Housing Finance Conference, Avon, Colo. For more information, click here.
Mar. 7: mPact Summit, Plano, Texas. For more information, click here.
Apr. 17-18: MBA State & Local Workshop, Washington, D.C. For more information, click here.
Apr. 18-19: MBA National Advocacy Conference, Washington, D.C. Fore more information, click here.
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!