The Week Ahead

Sorohan, Mike msorohan@mba.org

November 19, 2018

The Mortgage Bankers Association's annual Summit on Diversity and Inclusion begins Tuesday, taking place Nov. 27-28 at the Capital Hilton in Washington, D.C.

The MBA Summit on Diversity and Inclusion is the only conference focused on this seminal topic, specifically for the residential and commercial/multifamily real estate finance industry. The program includes inspirational sessions with actionable takeaways to improve your financial profitability, your workplace culture and your access to a wider demographic market.

MBA NewsLink and MBA Insights will provide coverage. For more information, visit the Summit website: https://www.mba.org/conferences-and-education/event-mini-sites/summit-on-diversity-and-inclusion?utm_source=Informz&utm_medium=Email&utm_campaign=mba.org&_zs=O8JlM1&_zl=HTxV4.

With time running out on the 115th Congress, the House and Senate are in town this week to tackle several priorities, including spending bills (House) and a backlog of 35 judicial nominations (Senate). The Mortgage Bankers Association continues to press Congress to pass a long-term extension of the National Flood Insurance Program, which is once again set to expire, this time on Dec. 31.

FHA Commissioner Brian Montgomery appears before the House Financial Services subcommittee on Housing and Insurance this Wednesday, Nov. 28 for a hearing on Oversight of the Federal Housing Administration.

Montgomery is expected to discuss results of the 2018 Actuarial Report on the state of FHA's Mutual Mortgage Insurance Fund, which showed that the Fund's capital reserves met congressionally mandated levels but indicated problems with the agency's Home Equity Conversion Mortgage program.  

The hearing begins at 2:00 p.m. ET in 2128 Rayburn House Office Building and can be accessed online at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=404071.  

The Senate Banking Committee holds a hearing this Thursday, Nov. 29 on Combating Money Laundering and Other Forms of Illicit Finance: Regulator and Law Enforcement Perspectives on Reform.

Witnesses include Kenneth Blanco, Director of the Financial Crimes Enforcement Network; Steven D'Antuono, Section Chief of the Financial Crimes Section with the Federal Bureau of Investigation; and Grovetta Gardineer, Senior Deputy Comptroller with the Office of the Comptroller of the Currency.  

The hearing begins at 10:00 a.m. ET in 538 Dirksen Senate Office Building and can be accessed online at https://www.banking.senate.gov/hearings/10/24/2018/combating-money-laundering-and-other-forms-of-illicit-finance-regulator-and-law-enforcement-perspectives-on-reform.  

Also on Wednesday, Nov. 28, the House Financial Services subcommittee on Monetary Policy and Trade holds a hearing on Evaluating the Effectiveness of the International Financial Institutions.  

David Malpass, Under Secretary for International Affairs with the Treasury Department, is slated to testify. The hearing begins at 9:15 a.m. ET in 2128 Rayburn and can be accessed online at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=404070.  

Looking ahead, it looks like that oft-rescheduled Senate Banking Committee hearing on Oversight of Pilot Programs at Fannie Mae and Freddie Mac is finally going to take place on Wednesday, Dec. 5.  

Scheduled to testify: Sandra Thompson, Deputy Director of the Division of Housing Mission and Goals with the Federal Housing Finance Agency; Hugh R. Frater, Interim CEO of Fannie Mae; and Donald H. Layton, CEO of Freddie Mac. The hearing is slated to being at 10:00 a.m. ET in 538 Dirksen and can be accessed online at https://www.banking.senate.gov/hearings/11/06/2018/oversight-of-pilot-programs-at-fannie-mae-and-freddie-mac

MBA this week releases its Weekly Applications Survey on Wednesday, Nov. 28. 

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

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

Nov. 26, 28: MISMO XML Primer Instructor-Guided Online Course

Nov. 26: Chicago Fed National Acvitity Index

Nov. 26: Dallas Fed Manufacturing Survey

Nov. 27-28: MBA Summit on DIversity & Inclusion, Washington, D.C.

Nov. 27-Dec. 18: MBA Education CRE Basics: Underwriting Multifamily & Evaluation Instructor-Guided Online Course

Nov. 27-30: MBA Education School of Mortgage Banking I, Tampa, Fal.

Nov. 27-30: MBA Education School of Mortgage Banking II, Tampa, Fla.

Nov. 27: S&P CoreLogic Case-Shiller Home Price Indices

Nov. 27: The Conference Board Consumer Confidence Index

Nov. 27: Dallas Fed Service Sector Survey

Nov. 28: MBA Weekly Applications Survey

Nov. 28: Revised Building Permits

Nov. 28: Advance Durable Goods

Nov. 28: Gross Domestic Product (2nd estimate)

Nov. 28: New Residential Sales

Nov. 28: Richmond Fed Survey

Nov. 29: MBA Education Compliance Essentials TRID Expert Series: TRID 2.0--What are We Seeing? Webinar

Nov. 29: Personal Incom/PCE Deflator

Nov. 29: Pending Home Sales

Nov. 30: Chicago Purchasing Managers Index

Dec. 3: Construction

Dec. 3: Institute for Supply Management Manufacturing Index

Dec. 4-7:  MBA Education School of Mortgage Banking III, Dallas

Dec. 4: CoreLogic Home Price Index

Dec. 5: MBA Education Compliance Essentials: Update on Remote Online Notarization Webinar

Dec. 5: MBA Education Non-QM Webinar Series Part 1: Facts & Fiction of Non-QM

Dec. 5: MBA Weekly Applications Survey

Dec. 5: ADP National Employment Report

Dec. 5: Productivity & Costs

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

Dec. 5: Federal Reserve Beige Book

Dec. 5: Consumer Credit

Dec. 6: MBA Mortgage Credit Availability Index (tentative)

Dec. 6: MBA Education CMF: Policy Review & Boiler/Machinery Coverage Overview Webinar

Dec. 6: MBA Education Compliance Essetials TRID Expert Series--TRID 2.0: What are we Seeing? Webinar

Dec. 6: MBA Education D&I: Increasing Sales with Women Homebuyers Webinar

Dec. 6: Trade Balance

Dec. 6: Manufacturing Shipments, Inventories & Orders

Dec. 7: Employment

Dec. 7: U. of Michigan Surveys of Consumers (prelim)

Dec. 7: Wholesale Trade

Dec. 10: JOLTS (Job Openings & Labor Turnover Survey)

Dec. 11: MBA Builder Applications Survey (tentative)

Dec. 11: MBA Education High Tech vs. High Touch: Building the Right Sales Business Webinar

Dec. 11: MBA Education CECL: Implications, Approach, Risks & Opportunities Webinar

Dec. 11: Producer Price Index

Dec. 12: MBA Weekly Applications Survey

Dec. 12: MBA Education Single Security Initiative: What Lenders Need to Know Webinar

Dec. 12: Consumer Price Index

Dec. 12: Real Earnings

Dec. 12: Atlanta Fed Inflation Expectations Survey

Dec. 13: MBA Education A Model for Deliberate Approach to "Being Digital" Webinar

Dec. 13: Imports/Exports

Dec. 14: Advance Retail Sales

Dec. 14: Industrial Production

Dec. 17: MBA Education UCC Foreclosure Sales & Borrower Default Remedy Opetions Webinar

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

Dec. 17: Empire State Manufacturing Survey

Dec. 18-19: Federal Open Market Committee Meeting (Policy Statement Dec. 19)

Dec. 18: New Residential Construction

Dec. 18: Philadelphia Fed Non-Manufacturing Survey

Dec. 19: MBA Weekly Applications Survey

Dec. 19: Existing Home Sales

Dec. 20: Philadelphia Fed Manufacturing Survey

Dec. 20: The Conference Board Composite Indexes

Dec. 21: Advance Durable Goods

Dec. 21: Gross Domestic Product (3rd release)

Dec. 21: U. of Michigan Surveys of Consumers (final)

Dec. 21: Personal Income/PCE Deflator

Dec. 24-Jan. 1: MBA offices closed; MBA NewsLink will not publish.

Dec. 24: Chicago Fed National Activity Index

Dec. 26: (MBA Weekly Applications Survey will not report this week; will appear as part of the Jan. 2, 2019 report)

Dec. 26: Richmond Fed Survey

Dec. 27: Revised Building Permits

Dec. 27: New Residential Sales

Dec. 28: Pending Home Sales

Dec. 31: Chicago Purchasing Managers Index

Dec. 31: Dallas Fed Manufacturing Survey

2019

Jan. 1: New Year's Day (MBA offices closed; MBA NewsLink will not publish

Jan. 2: MBA Weekly Applications Survey (including weeks of Dec. 21 and Dec. 28, 2018)

Jan. 7-11: MISMO Winter Summit, Clearwater, Fla.

Jan. 8: MISMO Course 2: Implementation Framework Case Study Classroom Course, Clearwater, Fla.

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

Jan. 11-Feb. 22: MBA Education Residential CMB Prep Instructor-Guided Online Course

Jan. 15: MBA Education Non-QM Webinar Series Part II: Key Underwriting Focal Points

Jan. 16: MBA Education Compliance Essentials Recent Trends in State Attorneys General Enforcement Act Webinar

Jan. 22-Feb. 14: MBA Education School of Loan Origination Instructor-Guided Online Course

Jan. 22-25: MBA Education School of Mortgage Banking III, Nashville, Tenn.

Jan. 23: mPower: Command Any Room--Sell Yourself and Your Ideas Webinar

Jan. 28-31: MBA Independent Mortgage Bankers Conference, San Francisco

Jan. 30: MBA Education Demystifying Debt Funds and their Role in CRE Finance Webinar

Jan. 31: MBA Education Excel for Commercial Real Estate Finance Professionals Webinar

Feb. 7-8: NEXT Mortgage Tech Summit for Women Executives, Dallas

Feb. 10-13: MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo, San Diego

Feb. 12-15: MBA Education School of Mortgage Banking I, Washington, D.C.

Feb. 12: MBA Non-QM Webinar Series Part III: Originating and Closing Non-QM

Feb. 19: MBA Education CMF Fundamentals of Commercial Insurance Webinar

Feb. 25-28: MBA National Mortgage Servicing Conference & Expo, Orlando, Fla.

Feb. 25: MBA Education Compliance Essentials State Mortgage Servicing Rules Deep Dive Workshop, Orlando, Fla.

Feb. 25: MBA Education Foundational Concepts in Residential Mortgage Servicing Classroom Course, Orlando, Fla.

Feb. 25: MBA Education Advances Servicing Workshop, Orlando, Fla.

Mar. 1-Apr. 12: MBA Education Optimal Loan Production Manager Coaching Instructor-Guided Online Course

Mar. 4-14: MBA Education School of Mortgage Servicing Instructor-Guided Online Course

Mar. 5-19: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

Mar. 5-8: MBA Education School of Mortgage Banking II, Washington, D.C.

Mar. 10-13: MBA Mid-Winter Housing Finance Conference, Avon, Colo.

Mar. 13: MBA Education Introduction to Commercial Mortgage-Backed Securities Webinar

Mar. 19: MBA Education CMF Self-Insurance and Reinsurance Webinar

Mar. 20: MBA Education Mortgage Accounting Webinar Part 1: Drilling into Mortgage Accounting

Mar. 24-27: MBA Technology Solutions Conference & Expo, Dallas

Mar. 25-Apr. 15: MBA Education CRE Basics Introduction to Commercial Real Estate Instructor-Guided Online Course

Mar. 27-28: MBA Education Multifamily Property Inspection Workshop, Atlanta

Mar. 27: MBA Education Mortgage Accounting Webinar Series Part II: Loan Level Accounting

Apr. 1-2: MBA State & Local Workshop, Washington, D.C.

Apr. 2-3: MBA National Advocacy Conference, Washington, D.C.

Apr. 3: MBA Education Mortgage Accounting Webinar Series Part III: Hedging for Accountants

Apr. 9-12: MBA Education School of Mortgage Banking I, San Antonio, Texas

Apr. 9-12: MBA Education School of Mortgage Banking II, San Antonio, Texas

Apr. 10: MBA Education Mortgage Accounting II: Loan-Level Accounting Webinar Series

Apr. 16: MBA Education CMF Catastrophic Insurance Webinar

Apr. 17: MBA Education Mortgage Accounting Webinar Series Part IV: Hedge Accounting and GAAP

Apr. 22-May 16: MBA Education School of Loan Origination I Instructor-Guided Online Course

Apr. 24: MBA Education Mortgage Accounting Webinar Series Part V: Cash and Capital Preservation

May 1-22: MBA Education CRE Basics: Underwriting Multifamily and Valuation Instructor-Guided Online Course

May 5-8: MBA Legal Issues & Regulatory Compliance Conference, New Orleans

May 7: MBA Education Basics of Commercial Loan Closing & Loan Documentation Webinar

May 7-21: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

May 14-17: MBA Commercial/Multifamily Servicing & Technology Conference, Los Angeles

May 14-17: MBA Education School of Mortgage Banking I, Chicago

May 14-17: MBA Education School of Mortgage Banking II, Chicago

May 21-Jun. 13: MBA Education School of Loan Origination II Instructor-Guided Online Course

May 19-22: MBA National Secondary Market Conference & Expo, New York

May 28-Jun. 17: MBA Education CRE Basics Underwriting Office Buildings/Valuation Instructor-Guided Online Course

May 31-Jul. 19: MBA Education Residential CMB Prep Course

Jun. 3-5: MBA Education Advanced Risk Management for Mortgage Pros Classroom Course, Washington, D.C.

Jun. 11-14: MBA Education School of Mortgage Banking III, Washington, D.C.

Jun. 18: MBA Education CMF Ordinance or Law Insurance Webinar

Jun. 20: MBA Document Custody Conference, Tyson's Corner, Va. 

Jun. 26-Jul. 17: MBA Education CRE Basics Appraisal & Three Approaches to Value Instructor-Guided Online Course

Jul. 9-23: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

Jul. 10-11: MBA Education Multifamily Property Inspection Workshop, Los Angeles

Jul. 15-Aug. 8: MBA Education School of Loan Origination Instructor-Guided Online Course

Jul. 15-25: MBA Education School of Mortgage Servicing Instructor-Guided Online Course

Jul. 16-30: MBA Education Introduction to Mortgage Banking Instructor-Guided Online Course

Jul. 16: MBA Education CMF Top Commercial Insurance Issues and Problems Webinar

Jul. 24-Aug. 17: MBA Education CRE Basics Intro to Commercial Loan Servicing Instructor-Guided Online Course

Aug. 13-16: MBA Education School of Mortgage Banking III, Washington, D.C.

Aug. 19-Sep. 9: MBA Education CRE Basics Property Inspection/Environmental Concerns Instructor-Guided Online Course

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

Sep. 16-Oct. 7: MBA Education CRE Basics Underwriting Retail Instructor-Guided Online Course

Sep. 17-20: MBA Education School of Mortgage Banking I, Dallas

Sep. 17-20: MBA Education School of Mortgage Banking II, Dallas

Sep. 17: MBA Education CMF General, Umbrella and Professional Liability Insurance Webinar

Sep. 25-Oct. 19: MBA Education CRE Basics BMC & Financial Statement Analysis Instructor-Guided Online Course

Oct. 14-24: MBA Education School of Mortgage Servicing Instructor-Guided Online Course

Oct. 15: MBA Education CMF Overview of CMF Insurance Compliance Webinar

Oct. 27-30: MBA Annual Convention & Expo, Austin, Texas

Nov. 19: MBA Education CMF Commercial Insurer Ratings & Property Claims Webinar

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