The Week Ahead

Sorohan, Mike msorohan@mba.org

December 18, 2017

The House and Senate, eager to wind up the First Session of the 115th Congress, continue working on the last major piece of business for the year: tax reform.

While Senate and House leaders express confidence that they have the votes to pass H.R. 1, the Tax Cut and Jobs Act, no one will know for sure until the final vote, slated for some time this week. Republicans are eager to pass the bill to send to President Trump's desk, but a few outliers continue to express reservations about aspects of the bill.

The only committee hearings of note this week takes place on Tuesday, Dec. 19, when the Senate Banking Committee meets in executive session to vote on a half-dozen nominees for the Export-Import Bank, including former Reps. Scott Garrett, R-N.J., and Spencer Bachus, R-Ala. The hearing begins at 10:00 a.m. ET in 538 Dirksen Senate Office Building. For more information, click https://www.banking.senate.gov/public/index.cfm/hearings?ID=201003EC-F171-4270-84A7-B194B0D15975.

Today (Dec. 18), the House Rules Committee meets to consider a bill forwarded by the House Financial Services Committee.

H.R. 3312, the Systemic Risk Designation Improvement Act of 2017 (https://www.gpo.gov/fdsys/pkg/BILLS-115hr3312rh/pdf/BILLS-115hr3312rh.pdf) would amend the Dodd-Frank Act to specify when bank holding companies may be subject to certain enhanced supervision-in other words, which banks are "too big to fail" and which are not.

The hearing begins at 5:00 p.m. ET in Capitol Room H-313. For more information, click https://www.house.gov/legislative-activity/2017-12-18.

The Mortgage Bankers Association wraps up its 2017 business this week. MBA offices will close this Friday, Dec. 22 and remained closed until Tuesday, Jan. 2, 2018 for the holidays.

MBA NewsLink will publish its final issue of the year on Friday, Dec. 22, then resume publication on Tuesday, Jan. 2. MBA Insights will publish on Tuesday, Dec. 19 and then resume on Jan. 2 (but check regularly for updates at https://www.mba.org/publications/insights/insights-publication). MBA Servicing NewsLink will also publish on Tuesday, Dec. 19, then resume on Jan. 2. MBA Commercial/Multifamily NewsLink will publish this Thursday, Dec. 21, then resume publishing on Thursday, Jan. 4.

The MBA Weekly Applications Survey will not be released on Wednesday, Dec. 27. Release of the survey will resume on Wednesday, January 3, at 7:00 a.m. ET with results for the two weeks prior (Dec. 22 and Dec. 29).

On behalf of MBA officers and staff, have a safe and happy holiday season.

For more in-depth features on what's happening in the real estate finance industry, check out the latest issue of MBA Insights.

MBA Insights is a "deep dive" electronic publication for the real estate finance industry. Produced by MBA--and written by MBA staff and industry insiders--MBA Insights provides readers with insightful coverage and key data points spanning topics such as technology, innovation, advocacy, changes in the market and what's on the horizon. MBA Insights is delivered weekly to more than 58,000 industry professionals and features in-depth stories, blogs, videos, slideshows and other media.

To read the current issue of MBA Insights, click https://www.mba.org/publications/insights/insights-publication##SubscriberID####RND##&PageID=21109

For the most up-to-date information regarding legislative activity at the state and local level, visit the MBA State Legislative Database at http://www.mortgagebankers.org/statelegislativedatabaselogin.htm.

For information about MBA Education events, visit http://www.mbaeducation.org.

For information about upcoming MBA conferences, visit http://www.mba.org/ConferencesEvents/Conferences.aspx.

If your company/association is an MBA member, we are happy to list conferences/events on the MBA NewsLink Upcoming Meetings/Events Calendar. Send your items to Mike Sorohan, editor, at msorohan@mba.org. 

Upcoming Meetings/Events

Dec. 18: Business Leaders Survey

Dec. 18: National Association of Home Builders/Wells Fargo Housing Market Index

Dec. 19: MBA Education Webinar, Implementing Cultural Change in Your Sales Group, Part III

Dec. 19: New Residential Construction

Dec. 20: MBA Weekly Applications Survey

Dec. 20: Existing Home Sales

Dec. 21: Chicago Fed National Activity Index

Dec. 21: Gross Domestic Product

Dec. 21: Philly Fed Manufacturing Survey

Dec. 21: The Conference Board Composite Indexes

Dec. 22-Jan. 2: MBA Offices closed for holidays; MBA NewsLink, MBA Servicing NewsLink, MBA Commercial/Multifamily NewsLink and MBA Insights will not publish

Dec. 22: Revised Building Permits

Dec. 22: Advance Durable Goods

Dec. 22: Personal Income/PCE Deflator

Dec. 22: Philly Fed Non-Manufacturing Survey

Dec. 22: U. of Michigan Consumer Surveys (final)

Dec. 22: New Residential Sales

Dec. 25: Christmas holiday; MBA NewsLink will not publish

Dec. 26: Richmond Fed Survey

Dec. 26: Dallas Fed Manufacturing Survey

Dec. 26: S&P CoreLogic Case-Shiller Housing Indices

Dec. 27: NO MBA WEEKLY APPLICATIONS SURVEY; will be released Jan. 3

Dec. 27: Regional Coincident Economic Indexes

Dec. 27: The Conference Board Consumer Confidence Survey

Dec. 27: Pending Home Sales Index

Dec. 27: Dallas Fed/Texas Retail Outlook Survey

Dec. 28: Advance Economic Indicators

Dec. 29: Chicago Purchasing Managers Index

2018

Jan. 1: New Year's Day holiday; MBA NewsLink will not publish

Jan. 2: MBA Offices Re-Open

Jan. 2: CoreLogic Home Price Index

Jan. 3: MBA Weekly Applications Survey

Jan. 3: Construction

Jan. 3: ADP Employment Report

Jan. 3: Institute for Supply Management Manufacturing Index

Jan. 4: Initial Claims

Jan. 5: Employment Situation

Jan. 5: Trade Balance

Jan. 5: Institute for Supply Management Non-Manufacturing Index

Jan. 8-12: MISMO Winter Summit, New Orleans

Jan. 8: Survey of Consumer Expectations

Jan 9: MISMO XML Primer Classroom Course, New Orleans

Jan. 9: MBA Mortgage Credit Availability Index

Jan. 10: MBA Weekly Applications Survey

Jan. 10: MBA Education Practical Blockchain Applications for Mortgage Lenders Q&A Webinar

Jan. 10: Imports/Exports

Jan. 10: Atlanta Fed Inflation Expectations Survey

Jan. 10: Wholesale Trade

Jan. 11: Producer Price Index

Jan. 12-Feb. 23: MBA Education Residential CMB Prep Instructor-Guided Online Course

Jan. 12: Advance Retail Sales

Jan. 12: Consumer Price Index

Jan. 12: Real Earnings

Jan. 15: Martin Luther King Jr. Holiday (MBA Offices Closed; MBA NewsLink will not publish)

Jan. 16: MBA Builder Applications Survey

Jan. 17: MBA Weekly Applications Survey

Jan. 17: MBA Education Webinar, Excel for Commercial Real Estate Finance Professionals

Jan. 17: Industrial Production

Jan. 17: Federal Reserve Beige Book

Jan. 17: National Association of Home Builders/Wells Fargo Housing Market Index

Jan. 18: New Residential Construction

Jan. 18: Philly Fed Manufacturing Survey

Jan. 19: U. of Michigan Consumer Surveys (prelim)

Jan. 22-25: MBA Independent Mortgage Bankers Conference, Fernandina Beach, Fla.

Jan. 22: Chicago Fed National Activity Index

Jan. 23-26: MBA Education School of Mortgage Banking III, Nashville, Tenn.

Jan. 23: Philly Fed Non-Manufacturing Index

Jan. 23: Richmond Fed Survey

Jan. 24: MBA Weekly Applications Survey

Jan. 24: Existing Home Sales

Jan. 25: Revised Building Permits

Jan. 25: The Conference Board Composite Indexes

Jan. 25: New Residential Sales

Jan. 26: Advancee Durable Goods

Jan. 26: Gross Domestic Product

Jan. 26: Manufacturing Shipments, Inventories & Orders

Jan. 26: Business Inventories

Jan. 29-Feb. 22: MBA Education School of Loan Origination Instructor-Guided Online Course

Jan. 29: Personal Income/PCE Deflator

Jan. 29: Dallas Fed Manufacturing Survey

Jan. 30: Consumer Confidence

Jan. 30: S&P CoreLogic Case-Shiller Home Price Indices

Jan. 31: MBA Weekly Applications Survey

Jan. 31: Employment Cost Index

Jan. 31: Chicago Fed National Activity Index

Jan. 31: Chicago Purchasing Managers Index

Jan. 31: Pending Home Sales

Jan. 31: Dallas Fed Texas Retail Outlook Survey

Feb. 6-9: MBA National Mortgage Servicing Conference & Expo, Dallas

Feb. 6: MBA Education Advanced Servicing Workshop--One Day, Dallas

Feb. 6: MBA Education Foundational Concepts in Residential Mortgage Servicing Classroom Course, Dallas

Feb. 6: MBA Education CFPB's Mortgage Servicing Rules Deep Dive Workshop, Dallas

Feb. 6-7: MBA Education Cybersecurity Fundamentals & N.Y. DFS Requirements Workshop, McLean, Va.

Feb. 6-20: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

Feb. 11-14: MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo, San Diego

Feb. 13-16: MBA Education School of Mortgage Banking I, Washington, D.C.

Feb. 26-Mar. 8: MBA Education School of Mortgage Servicing Instructor-Guided Online Course

Mar. 4-7: MBA Mid-Winter Housing Finance Conference, Avon, Colo.

Mar. 6-9: MBA Education School of Mortgage Banking II, Washington, D.C.

Mar. 21-22: MBA Education Multifamily Property Inspection Workshop, Atlanta

Apr. 3-17: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

Apr. 3-19: MBA Education School of Loan Origination II Instructor-Guided Online Course

Apr. 4-5: MBA Education Advanced Servicing Workshop, Phoenix

Apr. 4-25: MBA Education CRE Basics: Intro to Commercial Real Estate Instructor-Guided Online Course

Apr. 4: MBA Education Webinar, Mortgage Accounting I: Drilling into Mortgage Accounting

Apr. 10-13: MBA Education School of Mortgage Banking I, Salt Lake City, Utah

Apr. 10-13: MBA Education School of Mortgage Banking II, Salt Lake City, Utah

Apr. 11: MBA Education Webinar, Mortgage Accounting II: Loan Level Accounting

Apr. 15-18: MBA National Technology in Mortgage Banking Conference & Expo, Detroit

Apr. 18: MBA Education Webinar, Mortgage Accounting III: Hedging for Accountants

Apr. 23-24: MBA State & Local Workshop, Washington, D.C.

Apr. 24-25: MBA National Advocacy Conference, Washington, D.C.

Apr. 25: MBA Education Webinar, Mortgage Accounting IV: Hedge Accounting and GAAP Reporting

Apr. 29-May 2: MBA Legal Issues & Regulatory Compliance Conference, Miami

Apr. 30-May 24: MBA Education School of Loan Origination Instructor-Guided Online Course

May 1-4: MBA Education School of Mortgage Banking, Irvine, Calif.

May 1-4: MBA Education School of Mortgage Banking II, Irvine, Calif.

May 2-23: MBA Education CRE Basics: Underwriting Multifamily & Valuation Instructor-Guided Online Course

May 8-22: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

May 20-23: MBA National Secondary Market Conference & Expo, New York

May 20-23: MBA Commercial/Multifamily Servicing & Technology Conference, Miami

May 30-June 20: MBA Education CRE Basics: Underwriting Office Buildings/Valuation Instructor-Guided Online Course

Jun. 1-Jul. 20: MBA Education Residential CMB Prep Instructor-Guided Online Course

Jun. 4-8: MISMO Spring Summit, Denver

Jun. 5-8: MBA Education School of Mortgage Banking III, Washington, D.C.

Jun. 27-Jul. 25: MBA Education CRE Basics: Appraisal & Three Approaches to Value Instructor-Guided Online Course

Jul. 9-Aug. 2: MBA Education School of Loan Origination Instructor-Guided Online Course

Jul. 10-24: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

Jul. 11-12: MBA Education Multifamily Property Inspection Workshop, Chicago

Jul. 16-26: MBA Education School of Mortgage Servicing Instructor-Guided Online Course

Aug. 1-22: MBA Education CRE Basics: Intro to Commercial Loan Servicing Instructor-Guided Online Course

Aug. 8-9: MBA Education Advanced Servicing Workshop, Irving, Texas

Aug. 14-17: MBA Education School of Mortgage Banking I, Atlanta

Aug. 14-17: MBA Education School of Mortgage Banking II, Atlanta

Aug. 29-Sep. 19: MBA Education CRE Basics: Property Inspection/Environmental Concerns Instructor-Guided Online Course

Sep. 11-25: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

Sep. 11-14: MBA Education Management Essentials for the Mortgage Professional Classroom Course, Washington, D.C.

Sep. 11-27: MBA Education School of Loan Origination II Instructor-Guided Online Course

Sep. 12-13: MBA Education Multifamily Property Inspection Workshop, Washington, D.C.

Sep. 16-18: MBA Regulatory Compliance Conference, Washington, D.C.

Sep. 18-21: MBA Education School of Mortgage Banking I, Dallas

Sep. 18-21: MBA Education School of Mortgage Banking II, Dallas

Sep. 18-21: MBA Education School of Mortgage Banking III, Washington, D.C.

Sep. 20-Oct. 11: MBA Education CRE Basics: Underwriting Retail Valuation Instructor-Guided Online Course

Sep. 23-25: MBA Risk Management, Quality Assurance & Fraud Prevention Forum, Los Angeles

Sep. 26-Oct. 17: MBA Education CRE Basics: BMC & Financial Statement Analysis Instructor-Guided Online Course

Oct. 14-17: MBA Annual Convention & Expo, Washington, D.C.

Dec. 11-14: MBA Education School of Mortgage Banking III, Dallas

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