Morning Roundup (10/30/2023) — Watch The Fed

Good Morning! Today is Monday, October 30. Israel is expanding its ground invasion in Gaza. Mike Pence dropped out of the Republican presidential race. “Friends” actor Matthew Perry died at 54.

The Mortgage Note Reports

Watching And Waiting: When the Feds meet this week analysts will be looking for signs of what’s next and it may be anyone’s guess. Writer Patrick Lavery has the story.

Costs Of Commuting: Scores of workers are being called back to the office, influencing homebuyers’ choices as commutes are reintroduced to their lives.

Ameris Promotion: Ross McWilliams has been promoted to EVP and managing director of Ameris Bank’s Homebuilder Division.

In other mortgage and housing news…

“Range Of Uncertainties”: A bond-yield surge and the Israel-Hamas war could cloud the FOMC’s decision on whether to tighten monetary policy further.

Pay Back Bonuses: Mortgage companies are demanding their signing bonuses back from former employees, some more than $100,000, calling them “loans.”

Another Casualty: People’s Bank of Commerce is exiting residential mortgage lending, citing unfavorable industry trends and high rates.

Small Or Shared: Micro-units and co-living are gaining steam for retirees and empty nesters looking for more bang for their buck.

High-Net-Worth Protection: Insurance is becoming a headache for uber-rich homeowners in disaster-prone Hollywood neighborhoods.