The Week Ahead, May 22, 2023: MBA Secondary Conference; More Housing Reports
NEW YORK—Good morning and happy Monday! MBA NewsLink comes to you this week from the Big Apple, where the MBA Secondary and Capital Markets Conference is underway, running through Wednesday at the Marriott Marquis in Times Square.
Look for onsite coverage in MBA NewsLink all week. For more information, click here.
Now, here’s what else is happening this week. But first:
Memorial Day. MBA offices will be closed on Monday, May 29 in observance of the Memorial Day holiday. MBA NewsLink will not publish on Monday. On behalf of MBA officers and staff, have a happy and safe holiday.
MBA Offices. In fact, MBA offices will remain closed all summer—sort of. MBA offices here at 1919 M Street NW in Washington will undergo a renovation this summer, reopening just after Labor Day. MBA employees will continue to work remotely, however; so for MBA members, it will be business as usual as MBA re-imagines its workspace for the post-pandemic era.
MBA Reports. On Wednesday, May 24, MBA releases its Weekly Mortgage Applications Survey, with MBA Vice President and Deputy Chief Economist Joel Kan providing commentary and analysis.
Ad on Thursday, May 25, MBA releases its monthly Purchase Applications Payment Index (PAPI), with commentary and analysis from MBA Associate Vice President for Housing Economics Edward Seiler.
Other Economic Reports. The monthly parade of housing reports continues this week. Here’s what’s happening—reports MBA NewsLink will cover are in italics:
Monday: (no reports)
Tuesday: New Residential Sales; Philadelphia Fed Non-Manufacturing Survey
Wednesday: MBA Weekly Applications Survey
Thursday: MBA Purchase Applications Payment Index; Gross Domestic Product; Initial Claims; Pending Home Sales
Friday: Advance Durable Goods; University of Michigan Consumer Survey (final)
Congress. The House and Senate, with a very real June 1 deadline for reaching a deal to raise the federal debt limit and avoid default, continue to negotiate with the Biden Administration. It’s a process everyone is watching closely—particularly the financial markets, which have much at stake. Expect negotiations to go down to the wire, possibly even over the Memorial Day weekend, when Congress is supposed to go into recess.
Federal Housing Finance Agency Director Sandra Thompson visits the House Financial Services Committee this Tuesday, May 23 for a hearing, FHFA Oversight: Protecting Homeowners and Taxpayers. The hearing begins at 10:00 a.m. ET in 2128 Rayburn House Office Building and can be accessed online here.
On Thursday, May 25, the Financial Services Subcommittee on National Security, Illicit Finance and International Financial Institutions holds a hearing, International Financial Institutions in an Era of Great Power Competition. The hearing begins at 9:00 a.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:
May 21-24: MBA Secondary and Capital Markets Conference & Expo, New York. For more information, click here.
May 24-25: MBA CREF Climate Risk and ESG Roundtable, New York City. 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.
June 21-22: MBA Single-Family Research & Economics Showcase (online). For more information, click here.
Sept. 6-7: MBA Human Resources Symposium 2023, Arlington, Va. For more information, click here.
Sept. 10-12: MBA Compliance and Risk Management Conference, Washington, D.C. 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.
Nov. 15-17: MBA Accounting and Financial Management Conference, New Orleans. For more information, click here.
Feb. 11-14, 2024: CREF 24, San Diego. For more information, click here.
Feb. 20-23, 2024: MBA Servicing Solutions Conference & Expo, Orlando, Fla. 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!
