Unwritten Underwriter

Notes in Passing. I complain here to avoid complaining in real life. Stahp with the bots already.

[Unwritten Underwriter @UnderUnderWrite]

Chef’s kiss

[Hiten Samtani 🗞️ @hitsamty]

“You can see the chemistry working, you can tell it’s happening — just like when someone spots a woman across the bar.” - Listing broker on 666 Fifth Avenue, describing the Kushner appetite for the tower in '07. (Never change, brokers)

[Unwritten Underwriter @UnderUnderWrite]

Will any of you be at NIC Fall? #SeniorHousing

[Unwritten Underwriter @UnderUnderWrite]

FOMC Feelings

[Guy LeBas @lebas_janney]

I am rather suddenly concerned how consensus "FEd hikes, long end rallies" has become.

[Unwritten Underwriter @UnderUnderWrite]

@realEstateTrent Dear God - THIS! But the number of times I get pitched an "AI solution" to this... just adds to MORE time spent finding errors...

[Eliant Capital @eliant_capital]

“Sir, the 10Y & 30Y have retraced the entirety of yesterday’s move following the announcement.”

[Unwritten Underwriter @UnderUnderWrite]

@commbankerguy Their cap rates? On a refi? People will try anything these days...

[Unwritten Underwriter @UnderUnderWrite]

very 2026

[Adam Smith @adamstatonsmith]

10% of my business has become REO deals.

I’d say most deals that get to that point are worth 70-80% of the debt.

[Unwritten Underwriter @UnderUnderWrite]

Cook baby!

[Ed Bradford @Fullcarry]

If you like your FOMC meetings fun and exciting, you should be rooting for a hot CPI next week

[Unwritten Underwriter @UnderUnderWrite]

The 'proper direction', which is UP baby

[*Walter Bloomberg @DeItaone]

HASSETT: I AM VERY BULLISH ON FED POLICY GOING IN THE PROPER DIRECTION.

[Unwritten Underwriter @UnderUnderWrite]

This

[Dario Perkins @darioperkins]

Warsh should hike rates, cancel the press conference and not even tell us about it. Proper old school. And if anyone complains on CNBC, they should hike again by the end of the day 🤣

[Unwritten Underwriter @UnderUnderWrite]

@Dcpcooks Do still do serious questions here?

[Unwritten Underwriter @UnderUnderWrite]

@realEstateTrent Same closing price because most buyers underwrite their own figures ;))

[Unwritten Underwriter @UnderUnderWrite]

Theoretically, if you wanted to encourage 'right sizing' and 'housing availability', you'd set property taxes to increase for seniors as people age. Theoretically.

[Tim Miller @Timodc]

Maybe the worst tax policy idea I have ever heard.

[Unwritten Underwriter @UnderUnderWrite]

Happy Memorial Day weekend to all

[Senate Periodicals @SenatePPG]

The Senate will convene for Pro Forma session only, with no business being conducted, on the following dates and times:

Friday, May 22nd at 8:30am
Tuesday, May 26th at 8:00am
Thursday, May 28th at 3:30pm

[Unwritten Underwriter @UnderUnderWrite]

Singing: correlation is not causation!

[Patrick Heizer @PatrickHeizer]

There is an interesting tension between "parents of both sexes are spending more time with their kids than ever before" and "steady, multi-year decline in test scores plus a steady rise in mental illness in adolescents."

[Unwritten Underwriter @UnderUnderWrite]

Surprising nobody... microsoft continues to lead from the rear...

[Joe Weisenthal @TheStalwart]

This was an amazing and incredibly damning experiment using Microsoft Copilot, by @adamjkucharski https://t.co/r3WvNMF9jD

[*Walter Bloomberg @DeItaone]

Walmart CFO: Number of Gas Gallons Customers Buy at Walmart Stations Fell Below 10 For First Time Since 2022

Walmart CFO: Decline in Gas Buying Is Sign of Financial Stress

[*Walter Bloomberg @DeItaone]

FED MINUTES SIGNAL HIGHER-FOR-LONGER RATE STANCE

Federal Reserve minutes from the April meeting showed many policymakers wanted to remove the easing bias from the policy statement, with most signaling further tightening could be needed if inflation stays above 2%.

Officials said elevated inflation, Middle East uncertainty, energy prices, and tariffs may require rates to remain higher for longer. Several policymakers, however, said rate cuts later this year could be appropriate if geopolitical tensions ease and inflation cools.

Nearly all participants supported keeping rates unchanged at the meeting, while Fed staff projected a slightly stronger economic outlook than in March.

[Sam Stein @samstein]

as one can imagine, no voice was louder than Trump's

[Sam Stein @samstein]

among the biggest voices from that time were Rand Paul, who said Ebola was transmitted like AIDS and could be contracted just by riding on a NYC subway. Tom Cotton and Pat Roberts said ISIS was bringing it over the southern border

[Sam Stein @samstein]

As we deal with a current, potentially very bad, Ebola outbreak, I'm reminded about a lot of what happened in 2014. The political but also the medical. Including the most indelible image from that time: Dr. Anthony Fauci hugging the patient he treated