Podcasts about federal home loan bank

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/In this episode of With Flying Colors, host Mark Treichel reconnects with Ryan Donovan, President and CEO of the Council of Federal Home Loan Banks (FHLB). Ryan returns to discuss the evolving role of the FHLB system, its relationship with credit unions, and how liquidity is much like oxygen—often unnoticed until it's urgently needed.Ryan and Mark explore:The history and mission of the Federal Home Loan Bank system.How FHLB provides daily liquidity to its members and why it's a critical tool—not just in times of crisis.The difference between the FHLB system and the Federal Reserve as liquidity sources.How FHLB and credit unions are "cooperative cousins" working together to strengthen communities.The system's record-breaking $1.2 billion commitment to affordable housing initiatives.Director Bill Pulte's early signals and what his leadership at FHFA could mean for FHLB and the credit union system.Why credit unions, especially smaller ones, should consider joining the FHLB system to strengthen their balance sheets and enhance loan capacity.Ryan also highlights recent research showing that FHLB membership helps credit unions grow faster, remain competitive, and support their members more effectively—all while maintaining safe and sound lending practices.Key Takeaways:FHLB isn't just a lender of last resort—it's a daily liquidity partner.Affordable housing remains a priority, with FHLB surpassing its statutory requirements.Credit unions can amplify their impact by leveraging the FHLB system.Regulatory dynamics are shifting, but FHLB's mission remains steady: Keep liquidity flowing to local lenders.Resources Mentioned:Council of Federal Home Loan BanksFHLB & Credit Union Liquidity Research by Filene Research InstituteFollow Ryan Donovan on LinkedInConnect with Mark Treichel:LinkedIn: Mark TreichelWebsite: Credit Union Exam Solutions

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley, CFA, is joined by Justin Mahoney, co-founder of Shelter Growth Capital, for an in-depth discussion on the residential mortgage loan (RML) market and its increasing relevance to insurance portfolios. Justin offers a data-driven look at the macro trends affecting the housing market, including supply shortages, disciplined credit underwriting, and the nuanced relationship between home price appreciation and affordability. He explains why RMLs are drawing growing interest from insurers, thanks to favorable capital treatment, risk-adjusted return potential, and access to Federal Home Loan Bank financing.   The conversation also covers investment structure preferences—from direct investing to SMAs and pooled funds—and how each option fits into an insurer's broader allocation strategy. Justin shares where he sees the most compelling opportunities today, including non-QM loans, agency-eligible segments, and home equity extraction. Whether you're just beginning to explore the space or scaling an existing program, this episode offers valuable insights into how insurers can navigate and benefit from this dynamic and scalable asset class.

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/ Episode Summary: In this episode of With Flying Colors, host Mark Treichel is joined by Steve Farrar and Todd Miller from Credit Union Exam Solutions to discuss the serious implications of a CAMEL Code 4 rating. A downgrade to CAMEL 4 signals significant risk and increased regulatory scrutiny. What does this mean for your credit union? What immediate actions should management and the board take? How does this impact borrowing, liquidity, and operations? Get expert insights into navigating the challenges of CAMEL 4 and what steps to take to get back on track. What You'll Learn in This Episode: ✅ What is a CAMEL Code 4? Understanding why it's a major red flag ✅ How NCUA views CAMEL 4 credit unions and why they ramp up oversight ✅ The consequences of a downgrade – more frequent exams, lost privileges, and reputational risk ✅ NCUA's administrative actions – what happens when you receive a Letter of Understanding & Agreement (LUA) ✅ How a CAMEL 4 affects your liquidity – Federal Reserve & Federal Home Loan Bank implications ✅ The impact on borrowing & collateral requirements ✅ The role of the board in a CAMEL 4 credit union – what's expected of leadership ✅ Can a CAMEL 4 credit union recover? Strategies for improvement Key Takeaways: 

Affordable housing might be a priority for the government, but that doesn't mean banks share the same view. According to a recent CoStar article, 11 federal home loan banks say that government pressure to fund their housing programs could threaten their stability. The Biden administration requires federal banks to contribute money through grants for affordable housing initiatives. According to a White House press release, the president proposed that “each Federal Home Loan Bank double its annual contribution to the Affordable Housing Program, which will raise an additional $3.79 billion for affordable housing over the next decade and assist nearly 380,0000 households.”  Keep reading the article here: https://www.biggerpockets.com/blog/banks-face-pressure-from-government-to-fund-affordable-housing-projects Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In his successive second interview with us, Mike Hannigan describes the functions of The Federal Home Loan Bank system.  (Mike was a board member of The Federal Home Loan Bank of Indianapolis.  He also served in many trade association leadership positions.)

On this Live Greatly podcast episode, Kristel Bauer sits down with Willie Pietersen, author of  Leadership—The Inside Story: Time-Tested Prescriptions for Those Who Seek To Lead. Willie shares stories, experiences and the secret sauce of leadership learned from his time being CEO of multibillion-dollar businesses, a professor at Columbia University's Graduate School of Business, and a consultant to some of the world's biggest and best-known organizations.  Tune in now! Key Takeaways From This Episode How leadership is all about people Some big lessons Willie learned amid his leadership journey How to get better at receving feedback and why it is important Stories about what makes a great leader About Willie Pietersen: Willie Pietersen was raised in South Africa, and received a Rhodes Scholarship to Oxford University. After practicing law, he embarked on an international business career. Over a period of twenty years he served as the CEO of multibillion-dollar businesses such as Lever Foods, Seagram USA, Tropicana and Sterling Winthrop's Consumer Health Group. In 1998, Willie was named Professor of the Practice of Management at the Columbia University Graduate School of Business. He specializes in strategy and the leadership of change, and his methods and ideas, especially Strategic Learning, are widely applied within Columbia's executive education programs, and also in numerous corporations. He has served as a teacher and advisor to many global companies, including Aviva, Bausch & Lomb, Boeing, Chubb Corp., Deloitte, DePuy, Electrolux, Ericsson, ExxonMobil, Henry Schein, Inc., Federal Home Loan Bank of Atlanta, Novartis, Salt River Project, SAP, UGI, United Nations Federal Credit Union and also the Girl Scouts of the USA. Willie is the author of three books and numerous articles. His latest book is Leadership—The Inside Story: Time-Tested Prescriptions for Those Who Seek to Lead. Connect with Willie: Website: https://williepietersen.com/  LinkedIn: https://www.linkedin.com/in/willie-pietersen-286b149/  Get Willie's Book: https://williepietersen.com/books/leadership-the-inside-story-time-tested-prescriptions-for-those-who-seek-to-lead/  About the Host of the Live Greatly podcast, Kristel Bauer: Kristel Bauer is a corporate wellness expert, popular keynote and TEDx speaker, and the host of top-rated self-improvement podcast “Live Greatly”.  Kristel is an Integrative Medicine Fellow & Physician Assistant with clinical experience in Integrative Psychiatry, giving her a unique perspective into optimizing mental well-being and attaining a mindset for more happiness and success in the workplace and beyond. Kristel decided to leave clinical practice in 2019 when she founded her wellness platform “Live Greatly” to share her message around well-being and success on a larger scale.  With a mission to support companies and individuals on their journeys for more happiness, success, and well-being, Kristel taps into her unique background in healthcare, business, and media, to provide invaluable insights into high power habits, leadership development, mental well-being, peak performance, resilience, sales, success, wellness at work, and a modern approach to work/life balance.  Kristel is the author of Work-Life Tango: Finding Happiness, Harmony and Peak Performance Wherever You Work (John Murray Business November 19, 2024).  Kristel is a contributing writer for Entrepreneur and she is an influencer in the business and wellness space having been recognized as a Top 10 Social Media Influencer of 2021 in Forbes. A popular speaker on a variety of topics, Kristel has presented to groups at APMP, Bank of America, Commercial Metals Company, General Mills, Northwestern University, Mazda, Santander Bank and many more. She has been featured in Forbes, Forest & Bluff Magazine, Authority Magazine & Podcast Magazine, has contributed to CEOWORLD Magazine & Real Leaders Magazine, and has appeared on ABC 7 Chicago, WGN Daytime Chicago, Fox 4's WDAF-TV's Great Day KC and Ticker News. Kristel lives in the Chicago area with her husband and their 2 children.  She can be booked for speaking engagements worldwide. To Book Kristel as a speaker for your next event, click here. Website: www.livegreatly.co  Follow Kristel Bauer on: Instagram: @livegreatly_co  LinkedIn: Kristel Bauer Twitter: @livegreatly_co Facebook: @livegreatly.co Youtube: Live Greatly, Kristel Bauer To Watch Kristel Bauer's TEDx talk of Redefining Work/Life Balance in a COVID-19 World click here. Click HERE to check out Kristel's corporate wellness and leadership blog Click HERE to check out Kristel's Travel and Wellness Blog Disclaimer: The contents of this podcast are intended for informational and educational purposes only. Always seek the guidance of your physician for any recommendations specific to you or for any questions regarding your specific health, your sleep patterns changes to diet and exercise, or any medical conditions.  Always consult your physician before starting any supplements or new lifestyle programs. All information, views and statements shared on the Live Greatly podcast are purely the opinions of the authors, and are not medical advice or treatment recommendations.  They have not been evaluated by the food and drug administration.  Opinions of guests are their own and Kristel Bauer & this podcast does not endorse or accept responsibility for statements made by guests.  Neither Kristel Bauer nor this podcast takes responsibility for possible health consequences of a person or persons following the information in this educational content.  Always consult your physician for recommendations specific to you.

Send us a textThe press release headline grabbed my attention: “SELCO Community Credit Union Awards $200,000 Grant to SquareOne Villages for the Development of the Rosa Village Co-Op in Eugene.”SELCO has been on the show before, with Olivia Sorensen,Senior Community Development Specialist for SELCO, talking about SELCO Steps Up, where the credit union thoughtfully seeks to do good in its communities while addressing societal challenges.In this latest case, SELCO - a $2.7 billion credit union based in Oregon - reached out to SquareOne Villages, which builds affordable housing and got involved with its Rosa Village project which will include 52 units. The units will house the presently unhoused as well as those who struggle to pay market rate rents.Ingenious on the part of SELCO is that its $200,000 grant was funded to the tune of $150,000 by a grant from the Federal Home Loan Bank of Des Moines which had a 3X match program.On the show are Sorensen who explains why SELCO is behind this as well as Amanda Dellinger, SquareOne's Community Relations Director.Mentioned on the show is a recent US Supreme Court decision involving the homeless and housing. There's a link in the show notes.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

The Federal Home Loan Bank system started as a Great Depression-era effort to support homeownership across the United States. Ever since, it has transformed into a vital source of liquidity for its member banks in good times and bad. In this episode, we talk with James Hotchkiss, Senior Director of Strategies and Solutions at the Federal Home Loan Bank of Chicago, about the FHLB system's history, how it serves its member banks, and its role in the US financial system.

Tom Jameson discusses the Federal Home Loan Bank Grant program and the specific program he created in West Lafayette, Indiana. The program provides grant dollars to qualified homeowners for home modifications and repairs. Tom explains the income requirements and how to find member banks in your community. He also highlights the benefits of CAP certification for performing home modification evaluations and accessing grant funds. Tom shares his background in construction and the impact of CAP certification on his work. He discusses the SHARP program and the importance of partnerships and collaboration. Tom encourages others to explore the grant program and consider replicating his model in their communities.Chapters00:00Introduction to the Federal Home Loan Bank Grant Program02:03The Affordable Housing Program Initiatives03:01Target Audience and Program Specifics04:25Senior Homeowners Assistance for Repair Program (SHARP)06:03Household Income Requirements07:49Finding Member Banks in Your Community09:35Costs and Benefits for Homeowners and Banks11:12CAP Certification and Home Modification Evaluations14:44Tom's Background and Construction Expertise22:26The SHARP Program and Partnerships25:40Increased Grant Funding and Program Growth28:35Reimbursement for Services through the Grant29:57Expanding Services and Collaboration Opportunities33:11Accessing the Grant Program in Other Communities38:16The Importance of Collaboration and Networking44:02Taking Advantage of the Grant ProgramContact InformationTo find the HUD Income Limits: https://www.huduser.gov/portal/datasets/il.htmlFederal Home Loan Banks Main Site: https://fhlbanks.com/Tom Jameson/SHARP: SHARPassist@mail.com Support the showwebsite: https://homedesignsforlife.com/Email: homedesignsforlife@gmail.com

Host Mark Treichel interviews Bill Paton, Vice President at Alloya Federal Credit Union on the topics of liquidity in credit unions, focusing on events that took place in 2023. Bill identifies issues and developments including a rise in creative strategies for liquidity management such as securitizations and deposit swaps. He surmises that this ingenuity, likely a consequence of challenging times, will continue into 2024. The two also discuss the role of corporates credit unions and the Federal Home Loan Bank system in aiding liquidity. Lastly, they touch on the importance of loan pricing in managing liquidity, the potential benefits of non-member deposits, and the complexities of managing underwater loans. 00:35 Introduction and Guest Presentation00:59 Discussing Liquidity in Credit Unions01:11 Reflecting on the Year 2023 in Credit Unions01:43 Exploring the Role of Aloia Federal Credit Union02:15 Analyzing Liquidity Challenges in Credit Unions02:52 Understanding the Impact of the Pandemic on Credit Unions03:27 Discussing the Role of Large Credit Unions in Overall Numbers04:34 Exploring the Concept of Loan to Share Ratio08:14 Discussing the Future of Credit Unions in 202409:03 Understanding the Role of Securitizations in Credit Unions14:50 Discussing the Impact of Federal Home Loan Bank System20:10 Exploring the Role of Non-Member Deposits in Credit Unions22:38 Discussing Loan Pricing in Credit Unions28:22 Conclusion and Contact Informationhttps://www.linkedin.com/in/william-d-paton/https://www.linkedin.com/in/mark-treichel/

The Federal Home Loan Banks (FHLBs) have been part of the financial landscape in this country since 1932. They were created (before the New Deal) in response to the housing crisis during the Great Depression. But their role has changed from a focus on housing to becoming a liquidity provider for large banks. And this has had a major impact on our financial system, including the fintech space.My next guest on the Fintech One-on-One Podcast is Cornelius (Con) Hurley. He is a professor at the Boston University School of Law and was a founding member of the Online Lending Policy Institute that was folded into the American Fintech Council in 2021. Most importantly for this conversation, Professor Hurley was an independent director of the Federal Home Loan Bank of Boston for 14 years. He has become an outspoken critic of FHLBs in recent years and is a co-founder of the Coalition for FHLB Reform.Professor Hurley provides a detailed history and the current state of play for FHLBs but also focuses on the role fintech companies can play here.In this podcast you will learn:Why everyone should be interested in what Federal Home Loan Banks are doing.The origins of the Federal Home Loan Banks and why they were started.How the FHLBs are regulated.How the FHLBs can claim they have never made a loan that has defaulted.The governance culture of the FHLBs.Why FHLB loans to banks should be made public.How the mission of the FHLBs moved away from housing and community development.Why banks go to an FHLB for liquidity instead of the Federal Reserve.How the FHLBs are funded and what subsidies they receive.The recommendations for reform from the recent FHLB report.Why FHLB members will need to beef up their mortgage exposure.The potential role for fintech companies here.What comes next for FHLBs.Connect with Cornelius on LinkedInConnect with Fintech One-on-One:Tweet me @PeterRentonConnect with me on LinkedInFind previous Fintech One-on-One episodes

The Federal Home Loan Banks (FHLBs) have been part of the financial landscape in this country since 1932. They were created (before the New Deal) in response to the housing crisis during the Great Depression. But their role has changed from a focus on housing to becoming a liquidity provider for large banks. And this has had a major impact on our financial system, including the fintech space.My next guest on the Fintech One-on-One Podcast is Cornelius (Con) Hurley. He is a professor at the Boston University School of Law and was a founding member of the Online Lending Policy Institute that was folded into the American Fintech Council in 2021. Most importantly for this conversation, Professor Hurley was an independent director of the Federal Home Loan Bank of Boston for 14 years. He has become an outspoken critic of FHLBs in recent years and is a co-founder of the Coalition for FHLB Reform.Professor Hurley provides a detailed history and the current state of play for FHLBs but also focuses on the role fintech companies can play here.In this podcast you will learn:Why everyone should be interested in what Federal Home Loan Banks are doing.The origins of the Federal Home Loan Banks and why they were started.How the FHLBs are regulated.How the FHLBs can claim they have never made a loan that has defaulted.The governance culture of the FHLBs.Why FHLB loans to banks should be made public.How the mission of the FHLBs moved away from housing and community development.Why banks go to an FHLB for liquidity instead of the Federal Reserve.How the FHLBs are funded and what subsidies they receive.The recommendations for reform from the recent FHLB report.Why FHLB members will need to beef up their mortgage exposure.The potential role for fintech companies here.What comes next for FHLBs.Connect with Cornelius on LinkedInConnect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

In this episode, we are joined by Steven Townsend, CFA, and Sarah Harp, CFA, from our Capital Markets team about the November Federal Open Market Committee (FOMC) meeting, While the meeting did not deliver any big surprises, the US treasury curve has delivered some rare movements. Listen as Steven and Sarah explain shape shifting of curves and what that means going into 2024.

Our guest on this episode of The Bolder Banking Podcast is Brad Spears, SVP/Director, Member Relationships at Federal Home Loan Bank of Des Moines. Brad leads a team of ten relationship managers who serve nearly 1,300 members in 13 states. In this episode we focus on what the Federal Home Loan Bank System does for the Banking industry, how it responded to the SVB failure, how banks should be addressing their liquidity and what banks should be prepare for in their next bank exam.

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans. Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: Mises.org/FL23

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans. Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: Mises.org/FL23]]>

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans. Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: Mises.org/FL23

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans.

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans. Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: Mises.org/FL23

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans. Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: Mises.org/FL23

Brenda Rodriguez has served as Executive Director of Affordable Housing Clearinghouse (AHC) since 2009. This is her fourteenth year with the organization which is celebrating over 30 years of addressing the evolving affordable housing needs of the community. Some of her responsibilities include identifying business opportunities to sustain the organization, overseeing fee-for-service programs/contracts, managing housing developments (both rental and for sale), financial literacy and counseling, and representing the organization at various community events, cultivating relationships between nonprofits, lenders, and other community groups to facilitate Community Reinvestment activities. Although homeownership continues to be a challenge in Southern California, Brenda is steadfast in ensuring the community is educated on the process and benefits of this long-term investment through support and collaboration of lenders, nonprofits, and various partners. Under her leadership, AHC successfully made homeownership a reality for families throughout southern California; a geography with significant barriers to first-time homebuyers. She secured National Stabilization Funds (NSP 1 & 2) and currently oversees monitoring for the remaining portfolio. She maintains relationships with contacts at US Department of Housing and Urban Development as well as the Federal Home Loan Bank of San Francisco and the Federal Reserve. Brenda is dedicated to the Orange County community and serves on several Boards focused on housing and uplifting families with very little means. Some of these boards include the Kennedy Commission, Orange County Community Housing Corporation (Chairwoman) and Hope Through Housing Foundation. She is passionate about helping the underserved, low-income families, educational programs, and the veteran community. She facilitated the 2016 Veterans Symposium on Housing in Orange County and has previously served as the Chair for Orange County Military and Veterans Families Collaborative Steering Committee for Housing. Her speaking engagements include participating as a guest on the Ron Siegel broadcast in January 2016, Radio Santa Ana (Spanish broadcast), and Telemundo Canal 52 promoting of down payment assistance program for working families. Brenda also established the organization's relationship with the Veterans Administration and partners with them to offer life skills. The focus of the series ranges from tax savings, credit information to homeownership and other topics. Lastly, Brenda served as a Board Director of the Southern CA Association of Nonprofit Housing for six years where she also volunteered as part of the Fundraising and Recruitment Committees. Brenda previously held positions in both the private sector at companies like Czarnowski Exhibit Services, IBM as well as in the Public Sector (County of Orange Housing & Community Services). Brenda earned a BA in Social Work from UC Berkeley and an MSPPM from the Heinz School of Public Policy at Carnegie Mellon University. She studied at the University of Padua, Italy and is fluent in both Italian and Spanish. Brenda was born and raised in South Central Los Angeles, CA. -- Critical Mass Business Talk Show is Orange County, CA's longest-running business talk show, focused on offering value and insight to middle-market business leaders in the OC and beyond. Hosted by Ric Franzi, business partner at Renaissance Executive Forums Orange County. Learn more about Ric at www.ricfranzi.com. Catch up on past Critical Mass Business Talk Show interviews... YouTube: https://lnkd.in/gHKT2gmF LinkedIn: https://lnkd.in/g2PzRhjQ Podbean: https://lnkd.in/eWpNVRi Apple Podcasts: https://lnkd.in/gRd_863w Spotify: https://lnkd.in/gruexU6m #orangecountyca #mastermind #ceopeergroups #peergroups #peerlearning

Rosa Pastor y Veronica Martinez de Washington Trust Comparten Cómo el Servicio 'Camino a tu Hogar' Simplifica Comprar tu Propia Casa en una Entrevista en Poder 102.1 FMDos destacadas figuras del banco Washington Trust, Rosa Pastor y Veronica Martinez, Oficiales de Préstamos Comunitarios en el banco, compartieron su experiencia en Poder 102.1 FM. Durante la entrevista, destacaron el innovador servicio "Camino a su Hogar" ofrecido por Washington Trust, diseñado para guiar a los futuros propietarios en su camino hacia la propiedad. Además, resaltaron la colaboración del banco con organizaciones comunitarias locales para lograr este objetivo."Camino a su Hogar" es un servicio integral de educación para futuros propietarios que ofrece asesoramiento personalizado y herramientas de educación financiera en línea. Lo más notable es la asociación de Washington Trust con organizaciones como NeighborWorks Blackstone River Valley, Pawtucket Central Falls Development, SWAP, West Elmwood Housing Development, ONE Neighborhood Builders y Church Community Housing Development. Estas alianzas fortalecen la misión del banco de apoyar a la comunidad en la realización de sus sueños de propiedad.El programa de Washington Trust no solo ayuda a quienes están comenzando su búsqueda de vivienda, sino que también ofrece sesiones gratuitas de asesoramiento financiero y educación para establecer metas de ahorro, gestionar presupuestos y mejorar el historial de crédito. Para aquellos listos para comprar una vivienda, los Oficiales de Préstamos Comunitarios de Washington Trust brindan apoyo personalizado y clases gratuitas de educación para compradores de viviendas. Además, ayudan a elegir el programa hipotecario más adecuado, incluso aquellos que ofrecen asistencia con costos de cierre o el pago inicial.Un emocionante ejemplo de éxito durante la entrevista fue el caso de una familia de cinco personas que, con la ayuda de Washington Trust, aseguró una subvención del Federal Home Loan Bank of Boston por $22,000. Este fondo les permitió realizar un pago inicial más sustancial y acceder a un programa hipotecario más beneficioso, el Programa de Préstamos Comunitarios I Luv RI®.La historia de Washington Trust, fundado en 1800, se entrelaza con la historia de los Estados Unidos, y su compromiso de apoyar los sueños de las personas ha perdurado a lo largo de los siglos. Hoy en día, el banco sigue siendo un socio confiable gracias a su sólida presencia en las principales ciudades de Rhode Island, Massachusetts y Connecticut. Washington Trust no solo ofrece una amplia gama de servicios financieros, sino que también desempeña un papel activo en la comunidad, trabajando de la mano de organizaciones locales para mejorar la vida de las personas y ayudarlas a alcanzar sus metas de propiedad. La participación de Rosa Pastor y Veronica Martinez en Poder 102.1 FM refleja el compromiso de Washington Trust con la comunidad y su liderazgo en la industria financiera al facilitar el camino hacia la propiedad para todos.Este podcast fue producido en los estudios de Poder 102.1 FM, ubicados en North Providence, Rhode Island. Durante varias décadas, Poder 102.1 FM ha mantenido su posición como la principal emisora hispana en Rhode Island y el sureste de Massachusetts.https://www.poder1110.com/https://www.facebook.com/poder1110/https://www.instagram.com/poder102fm/https://twitter.com/poder102fmhttps://www.youtube.com/@Poder102FM

Listen in as we engage in a conversation with Troy McMaster and Taylor Kimmel, our friends from the Federal Home Loan Bank. Tune in to discover the details surrounding the grant awarded to TRM, which serves to transform our Hope Center into a cozier haven for our guests. Hear about the remarkable commitment shown by FHL staff, who've invested not only financially but also through their sweat equity. Additionally, we explore the profound reasons driving these essential modifications, all viewed through the perspective of trauma-informed care.To learn more about TRM Ministries: Click Here!To support TRM, Click Here!

In this episode, we shine another spotlight on the transformative impact of downpayment assistance programs, making the dream of homeownership a reality for countless individuals. Our returning guest, Debbie Berry, a veteran Community Loan Officer at Regions Mortgage, shares valuable insights into these life-changing programs. Join us as we explore the various downpayment assistance options available and how they can help bridge the financial gap for first-time homebuyers. Debbie decodes income restrictions, loan approvals, and introduces us to the Federal Home Loan Bank program. Discover how Regions' Grant program offers 100% financing, no MI and fixed rates for first-time homebuyers. Debbie unravels the myths surrounding eligibility requirements and credit scores, offering valuable tips on how to qualify and take advantage of these programs. Discover the key benefits of downpayment assistance, including increased affordability, reduced financial stress, and improved access to housing options. Our guest's passion for empowering homebuyers shines through as she reveals success stories and the life-changing impact these programs have on families and communities. If you're eager to step into homeownership but worried about the downpayment hurdle, this episode is a must-listen.  Key Takeaways: Debbie's Current Job at Regions Mortgage (5:06) Debbie is the Community Mortgage Loan Officer at Regions Mortgage Debbie talks about the struggle of being a first-time homeowner and how it feels to feel amazing afterward when you get to the finish line. Criteria for down payment assistance (7:27) How do you qualify for state housing? (11:57) Downpayment assistance and closing. (14:18) The difference between a 100% score and a 97% score, and how that has changed over the years. How long it takes to close on a house Understanding the timeline of a deal. (16:06) Debbie is transparent and takes what the lender gives her. She wants to explain to the other side of the table how long it will take to close. Downpayment assistance and downpayment assistance. (17:44) Connect with Debbie: Contact Number: 843-817-4202  Email Adress: debbie.berry@regions.com Website: regions.com/mlo/debbieberry |Apply Now Connect with Corwyn@: Contact Number: 843-619-3005 Instagram:⁠ https://www.instagram.com/exitstrategiesradioshow/⁠ FB Page:⁠ https://www.facebook.com/exitstrategiessc/⁠ Youtube:⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠ Website:⁠ https://www.exitstrategiesradioshow.com⁠ Linkedin:⁠ https://www.linkedin.com/in/cmelette/⁠ Shoutout to our Sponsor: MEME EUBANKS Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.  Exit Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call me today MEME EUBANKS Your Country REALTOR at 843-730-3327 that's 843-730-3327 or visit exitlowcountry.com/joinexit and make your EXIT today. --- Support this podcast: https://podcasters.spotify.com/pod/show/corwyn-j-melette/support

Since the fall of Silicon Valley Bank (SVB) in March 2023, many investors have been closely monitoring the Federal Reserve's recent lending to U.S. banks, which amounts to roughly $100 Billion as of late June. What has received far less attention is the Federal Home Loan Bank (FHLB) system, which has extended over $1 Trillion of liquidity (10x the Fed!) to banks throughout the U.S. Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia Law School, joins Forward Guidance to explain the history and purpose of the FHLBanks, calling them the “lender of second-to-last resort.” Judge argues that the FHLB system has grown beyond its original mission and that reform is desperately needed. Judge also opines on the SEC's move to regulate crypto, as well as SOFR's replacement of LIBOR. Filmed on June 29th, 2023. ____ Follow Kathryn Judge on Twitter https://twitter.com/ProfKateJudge Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ ____ Kathryn Judge's book, “Direct: The Rise of the Middleman Economy and the Power of Going to the Source”: https://kathrynjudge.com/books/direct “The Problem Lender of Second-to-Last Resort”: https://prospect.org/economy/2023-03-29-problem-lender-federal-home-loan-banks/ ____ Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ ____ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos ____ Timestamps: (00:00) U.S. Banking System Is "Uneven" (03:06) What Is The Federal Home Loan Bank (FHLB) System? (07:24) Deregulation in 1980s and 1990s (11:22) Commercial Banks vs. Thrifts (And Glass–Steagall) (17:31) FHLB Lending During Great Financial Crisis (GFC) (25:14) "FHLB Has Never Lost Money On Advances" (33:54) FHLB's "Abuses" Must Stop (34:28) Permissionless (41:24) What Will New Bank Regulation Look Like? (50:38) Risk-Weighting In Bank Capital Regulations (53:42) Blockworks Research (54:42) Held-To-Maturity Accounting (58:37) The Rise Of Middlemen in Finance And Business (01:06:00) SEC's War With Crypto (01:08:04) The End Of LIBOR Eurodollar Contracts ____ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Show SummaryOn this episode of Behind the Mission, we feature a conversation with Bruce Buckley, Chief Executive Officer of Soldier On, a 501(c)3 Nonprofit that provides veterans with shelter and support in an environment that offers dignity, integrity, and hope.  About Today's Guest Bruce Buckley is the CEO and President of Soldier On, Inc., a national provider of comprehensive services and affordable supportive permanent housing for homeless and at-risk veterans. Prior to becoming CEO, Bruce was the CFO from 2003-2016, under his management Soldier On has grown from a $600,000 annual budget to its current $20 million annual budget. Soldier On provides services to roughly 5,000 veterans and family members annually through Housing First programs in Massachusetts, New York, New Jersey, and Pennsylvania. Bruce has helped to secure over $120 million in housing development resources since 2008 to build almost 400 units of housing for veterans in Massachusetts, New Jersey, and New York. Funding sources include Low Income Housing Tax Credits, Historical Tax Credits, VAi2's Innovation Initiative, Federal Home Loan Bank, HOME Investment Partnerships Program, Housing Innovations Fund (HIF),Affordable Housing Trust Fund, Berkshire Bank Financing, VA Capital Grant and Per Diem.  Bruce has led the charge in developing partnerships to expand Soldier On's mission to end veteran homelessness. These partnerships include working with national affordable housing developers in New Jersey, New York, and Massachusetts to provide safe, secure housing for veterans.  The expansion of partnering with other non-profits has led to increased wrap around services for the veterans and their family members Soldier On serves. This growth has substantially decreased the number of veterans returning to homelessness.  Links Mentioned In This EpisodeSoldier On WebsitePsychArmor Resource of the WeekThis week's PsychArmor resource of the week is the PsychArmor course, Why Financial Wellness Matters. Financial wellness is the peace of mind you have when you've balanced saving and spending. This course will illustrate some of the challenges military and Veteran families face and things to consider when on the path to achieving financial wellness.  You can see find this course here: https://learn.psycharmor.org/courses/why-financial-wellness-matters This Episode Sponsored By: This episode is sponsored by PsychArmor, the premier education and learning ecosystem specializing in military culture content. PsychArmor offers an online e-learning laboratory with custom training options for organizations. Contact Us and Join Us on Social Media Email PsychArmorPsychArmor on TwitterPsychArmor on FacebookPsychArmor on YouTubePsychArmor on LinkedInPsychArmor on InstagramTheme MusicOur theme music Don't Kill the Messenger was written and performed by Navy Veteran Jerry Maniscalco, in cooperation with Operation Encore, a non profit committed to supporting singer/songwriter and musicians across the military and Veteran communities.Producer and Host Duane France is a retired Army Noncommissioned Officer, combat veteran, and clinical mental health counselor for service members, veterans, and their families.  You can find more about the work that he is doing at www.veteranmentalhealth.com  

Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia's pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

In this episode, we speak to Steven Townsend, CFA, from our Capital Markets team about the May Federal Open Market Committee (FOMC) meeting, Federal Reserve Chair Jerome Powell's comments and why the Fed may finally be at the terminal rate after a year of hawkish rate hikes.

0:00 -- Intro.1:41 -- Start of interview.2:58 -- On current market conditions. Impact of interest rate hikes by the Federal Reserve, particularly on banks.3:35 -- The gap between news coverage, what people think is happening and what actually is happening on the ground. The example of First Republic.15:37-- How 'bank runs' have changed. The Meme Run. "A meme is a first impression decision-making instrument."18:43 -- The media/general confusion over regulatory/supervisory agencies overseeing banks. FDIC and the Federal Reserve.20:50 -- On the Federal Reserve's Report on SVB (April 28, 2023). "Capital buffers are a universal antibiotic for all of these problems [but they are costly and represent a trade-off]." The role of the board in considering risks.32:48-- Should risk-management experts for risk-management committees of bank board be mandated? "Sometimes engaged, informed and thoughtful (but non-expert) directors ask the best questions."40:25 -- On executive compensation and incentives of bank executives (in light of the SVB Report). "The lack of a clawback (in this case) for a risk management failure is amiss."45:56 -- On whether short sellers in banks should be curtailed in these market conditions. 52:04 -- On the fate (and crisis) of regional banks. "Regional banks are the heart and soul of the American banking system." "I don't think that it's a good thing that big banks get any bigger." 57:34 -- On JP Morgan's acquisition of First Republic.1:00:24 -- How Silicon Valley will be impacted with the loss of SVB and First Republic. The "Industry Vertical Contagion": failure of banks that serve particular industries. "I don't think there is enough appreciation yet on how catastrophic it would have been to let depositors in the tech industry get wiped out or receive significant hair cuts [on SVB's failure]." "I'm glad that the Fed did the call that they did."1:07:59 -- Banking alternatives given low interest rates paid by banks to depositors. "It's an existential question for the entire industry." "Central bank digital currencies will really move the needle." [The Brazilian Central Bank created Pix, the Brazilian IP scheme that enables its users — people, companies and governmental entities — to send or receive payment transfers in few seconds at any time, including non-business days.]1:13:26 --   The future impact of U.S. fiscal policy and the national debt as it has surpassed $31 trillion (US Debt Ratio to GDP is currently at ~120%)Dan Siciliano is the Vice-Chair of the Federal Home Loan Bank of San Francisco, the Chair of the Silicon Valley Directors' Exchange and the co-founder and CEO of Nikkl, a company that provides capital to unicorn employees.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Unsung hero of the financial system or enabler of failing banks? Today on the show, how the Federal Home Loan Bank system, originally designed to support homeownership and affordable housing, ended up loaning billions to failing banks like First Republic.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

0:00 - Mayor Lightfoot sat down with ABC 7's Craig Wall, blames "anger bubble" for election loss   10:51 - Dan & Amy take listener reaction to Lightfoot's interview with Craig Wall   30:57 - Dan & Amy report on the AP Calculus class at Evanston Township H.S. "...the course is restricted to students who identify as Black, all genders." "...the course is restricted to students who identify as Latinx, all genders." Neo-segregation is the absurdity of identitarianism taken to its logical end.   49:36 - Professor of economics and finance at the University of Michigan, Carpe Diem blogger for the American Enterprise Institute & Title IX watch dog, Mark Perry, shares the federal civil rights complaint he filed with the Chicago Office for Civil Rights against ETHS for their AP Calculus class   01:04:22 - Senior Research Fellow for Defense Programs at The Heritage Foundation, Dakota Wood, on the unraveling of Epstein and the Ukraine offensive    01:19:03 - Highlights from the WHCA Dinner   01:23:18 - Senior Fellow with the Mises Institute, served as the Principal Deputy Director of the Office of Financial Research in the U.S. Treasury Department and former President and CEO, Federal Home Loan Bank of Chicago, Alex Pollock, on the duping of Jerome Powell and the Fed absolving itself from the Silicon Valley Bank. Check out Alex' most recent book Surprised Again!―The COVID Crisis and the New Market Bubble   01:39:23 - The New face of Hate: Liam Morrison of Middleborough, MS   01:59:56 - Dan & Amy react to Lori Lightfoot's letter to TX Gov Abbott   See omnystudio.com/listener for privacy information.

Federal Home Loan Bank of San Francisco CEO and President Teresa Bazemore took time out of attending the ICE Mortgage Technology Experience 2023 Conference to talk about her bank's mission to keep credit flowing, give financial institutions of all sizes access to global capital markets, and help all Americans to have a roof over their head. She shared her own career journey from studying law to the C-Suite, explained the role of the FHLBank System as the second largest issuer of debt in the country, and the different programs and research helping close the opportunity gap on the path to homeownership.   Inside the ICE House: https://www.theice.com/insights/conversations/inside-the-ice-house

0:00 - Will Trump be arrested on Tuesday? Dan & Amy go through Trump's statement on Truth Social. Also, Maxine Watters claims that Trump is trying to "organize 'his domestic terrorists' to protest his potential arrest next week"   14:42 - Dan & Amy take listener reaction to the reports of Trump's upcoming arrest   28:08 - CTU and FOP - what's the landscape of Chicago's Mayor's race Dan & Amy look at polling numbers from two of the largest voting unions in the city    50:25 - CAMPUS BEAT: Writing for the Wall Street Journal, Stanford Law guest speaker Judge Kyle Duncan describes a turbulent scene as the Stanford campus demonstrates its “collegial culture”   01:06:28 - Vice President of the Kathryn and Shelby Cullom Davis Institute for International Studies at The Heritage Foundation, Lt Col James Carafano, weighs in on the Russian takedown of a US drone and the Putin/Xi meeting. For more from Lt Col Carafano @JJCarafano   01:22:08 - William Jacobson, Cornell Law Professor and  president of the Legal Insurrection Foundation, discusses the looming Trump arrest and the potential for a Joe Biden impeachment. To read Professor Jacobson's latest and for more on the Legal Insurrection Foundation visit  LeagalInsurection.com   01:38:35 - Sports & Politics: San Jose Sharks goalie refuses to wear pride night jersey and Shark's twitter page tweets LGBTQ facts/info instead of covering the game   01:53:14 - Alex Pollock, Senior Fellow with the Mises Institute and former President and CEO of the  Federal Home Loan Bank of Chicago, discusses the The Silicon Valley BailoutSee omnystudio.com/listener for privacy information.

Teresa Bazemore, President & CEO of the Federal Home Loan Bank of SF discusses Trends in Affordable Housing. Highlights include: housing supply issue; downpayment assistance programs; financial literacy; new pilot programs and old evaluations are relevant for today's market. Teresa has more than 25 years of experience as a senior executive in the mortgage banking field that includes building both mortgage insurance and services businesses. She also serves on the Board of Directors of T. Rowe Price Funds and First Industrial Realty Trust.

0:00 - Dan & Amy react to yesterday's NFL playoff results   9:37 - Police bodycam video of Paul Pelosi's attack. Anybody still think these two are lovers?   20:21 - Kara Lynne: fired from gaming company for social media follows 26:23 - Dan & Amy offer reaction to the Tyre Nichols videos   01:06:20 - Vice President of the Kathryn and Shelby Cullom Davis Institute for International Studies at The Heritage Foundation, Lt Col James Carafano, weighs in on Ukraine/Russia and Durham Report/FBI. For more from Jim @JJCarafano   01:26:27 - Beauty & The Bingo in Princeton, TX   01:38:16 - DuPage County Sheriff, James Mendrick, shares his thoughts on the Memphis Police and explains why he isn't enforcing Pritzker's weapons ban 01:57:53 - Senior Fellow with the Mises Institute, served as the Principal Deputy Director of the Office of Financial Research in the U.S. Treasury Department and former President and CEO, Federal Home Loan Bank of Chicago, Alex Pollock:  How to pay all of the Treasury's bills without raising the debt limit. You can also check out Alex's book Finance and Philosophy—Why We're Always SurprisedSee omnystudio.com/listener for privacy information.

Bank Leader Link host Randy Hultgren visits with Michael Steelman, Chair Emeritus and Senior Counsel for the Farmers & Merchants State Bank of Bushnell, and Dave Feldhaus, Senior Vice President, External Affairs with the Federal Home Loan Bank of Chicago. Listen as Mike and Dave dig deep into the many reasons why the FHLBC continues to be a necessary partner with our community banks and the customers they serve. They address many questions about the progression of how the FHLBC will continue its mission and why this valuable resource should not be taken for granted.

Daria Davydenko is a Securities Sales and Operations Specialist at Roofstock where she supports Roofstock's fractional ownership product, Roofstock One. Prior to that, Daria served as Vice President at Goldman Sachs. Her background in finance provides her with a unique view of financial markets and risk management. In this episode, Daria walks us through the history of public and private REITs, and who might be a good fit for investing in them. Additionally, she covers Roofstock's exciting new investment, Roofstock One, a fractional ownership option for accredited investors. Episode Link: https://www.roofstock.com/one --- Transcript Before we get into the episode, this podcast is intended for general informational purposes only and is not financial, investment, or tax advice. The information provided is not directed toward any investor or category of investors and is provided solely as general information products and services or to provide general investment education. Nothing in this podcast should be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product.   Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me, I have Daria Davydenko, who is our sales and operations lead for Roofstock One and she's going to be talking to us about the history of public and private REITs really what they are, and who might be a good fit for investing in them. So let's get into it.   Daria, what's going on? Welcome back to the podcast. Great to have you back.   Daria: Hey, Michael, good to see you again. Thank you for having me.   Michael: Yeah, my pleasure, my pleasure. Great to see you again. So today, we're talking about a really cool offering Roofstock has Roofstock One. Can you give us a really quick insight into what that is and then I would love if you could help walk us through kind of the history of REITs in this product and how it came to be?   Daria: Yeah, sure. So Roofstock One is a relatively new offering that we have as part of all of the different products use that we have on roofstock.com. Roofstock One is structured as a private REIT. So one of the benefits of investing in Roofstock One is if you invest in real rental properties, you have the benefit of knowing exactly what your own. While it is a nice benefit, generally, it's not available to visit more passive real estate investments like REITs, public or private. However, we made Roofstock One different, even though it is structured as a private REIT. It is a fully transparent and customizable. So you know exactly what your own by buying a share of Roofstock One. So it is the first of its kind single family rental rate that's transparent and somewhat customizable to investors.   Michael: Awesome. All right. Well, we're definitely gonna dig more into that here in a little bit. But I would love if you could give us again, a kind of a background, like what is a REIT? How did we get here public versus private, bring us up to speed.   Daria: Yeah, so actually, what so REITs have a very interesting history, that I don't think a lot of people realize how the first I guess, you know, private equity firms have emerged, and then how can a REIT structure was created. So back in the 1980s, investors were mainly individuals and they were kind of using real estate to kind of harvest losses and shelter profits. So that was kind of the main reason why people were investing in real estate and also in the 80s, there was something that was called S and L. That they were created by the Federal Home Loan Bank act of 1932. They were like Savings and Loan Banks that basically had some caps on interest rates on deposits and loans, and but they were able to basically lend money to those individuals so they can buy real estate. Now, obviously, in the 80s, we all know that there was a recession and so because of the restrictions that were placed, placed on this SML banks, you know, because they had some caps on interest rates on deposits and loans, it greatly limited their ability to compete with other lenders as the economy slowed and inflation took hold and so for instance, as savers spelled money into the newly created money market funds that were yielding, like a much higher interest rates, like SNL just could not compete with those traditional banks due to their kind of lending restrictions and so when you add the recession of what happened is because the recession was sparked by the high interest rates that were set by the Fed in an effort to end the double digit inflation, which is kind of what we are kind of seeing right now, nowadays. So now we're left with little, you know, little more than, you know, kinda like a dwindling portfolio of low interest rate mortgage loans and so obviously, their revenue stream, you know, were severely tightened and so in the 1986, Reagan changed the law and then this indication was, you know, basically it was no longer working and there was no longer like the tax loss harvesting that was allowed in real estate, that can actually cause a real estate values to crater because a lot of people did not see any value of investing, I guess, are holding real estate anymore and so that actually caused SNL crisis and so I think a lot of people don't realize but during the SNL crisis, there were like 8000 banks that have failed. So, because of this, yeah, because of this kind of crisis that happened. I mean, this was like the largest crisis, you know, since the largest collapse of US financial institutions since the Great Depression.   And so like that, that kind of happened in the 1986 and so what happened, right, so once there's no kind of crisis happened, the government had to step in. So while they found that there was a lot of highly levered foreclosed personnel that owned a lot of real estate, and so government inadvertently owned those banks, and so they end up owning hundreds and 1000s of properties. What happened next is they have created something that's called the Resolution Trust Corporation, that basically became a property manager. So there sole purpose was to own and dispose of those distressed assets. So Resolution Trust Corporation or short, RTC was a temporary federal agency. So basically, from the 89, to the 95. You know, they largely were trying to kind of resolve this SNL crisis that happened in the 1980s, they, you know, they were basically like trying to do some property management, cleanup, what kind of what was left behind and another, I guess, purpose or creation, the RTC was to dispose of this assets. Now, the government wants to sell a lot of assets and so they need to have, you know, it's going to be highly inefficient for them to find like a single bar and buy, like, you know, who can just buy like a single property. So what they had to do is they had to figure out how to find a pooled vehicle that can just come in and buy this pooled kind of assets and so that's when the first private equity firms were created, who kind of came in, they were able to kind of pull financing, and then kind of buy like large amounts of this kind of real estate that was left behind after the SNL crisis. So that's where kind of their real estate or you know, kind of private equity investment was created. That's kind of the history of it. Now, the real estate investment trusts were a way for individual investors or intervene institution investors to get exposure to real estate without kind of having to go through, like active management of the underlying real estate. So Real Estate Investment Trust was a way to, for you to get exposure to, you know, real estate as a class. But you don't, you don't have to kind of forego, like, you know, the whole kind of financing closing, you know, property management aspect of it, while still enjoying the benefits of getting dividend distributions from the rental income, you know, the appreciation of the properties, etc. and then, in addition to that kind of REITs were created to encourage investors to get into the real estate market, and also get some kind of tax benefits from it. Now, I know I spoke a lot. So I just want to make sure I, you know, there's any questions that I can answer for you, Michael.   Michael: This is super interesting. I mean, one thing that terrifies me is this idea of government, governmental property management, that just would have been an absolute nightmare, because we all know how that probably worked out. But no, I think that makes a ton of sense and so the so these private equity firms were created to buy all of the hundreds of 1000s of distressed assets that the government ended up owning because of the collapse and the financial crisis. But so maybe, help me understand what a REIT is, like, is a REIT a share of the private equity company that then owns these properties, is that how that works?   Daria: Yeah, so REIT is basically like a pooled vehicle, you can imagine that, you know, let's say, like, just as a simple example, let's say you, Michael, you own kind of 10 different properties and you would like to allow other, you know, investors to kind of participate in ownership of those properties. You know, you can package them basically into a read. Of course, this is more complex than kind of what I'm describing, but in the simple terms, you can package it into the REIT and sell basically shares of the three to other investors who can get economic benefits of kind of owning 10 of those properties. REIT like many companies, they distribute earnings to investors in the form of dividends, unlike many companies have a REIT incomes are not taxed at the corporate level. So kind of that means that REITs are actually they avoid the double taxation of corporate tax and personal income tax. So instead REITs are sheltered from the corporate taxes so their investors are only taxed once and this is a major reason why investors value REITs over you know, other dividend paying kind of structures out there. Another benefit of REITs I guess, that they were created is that they're widely used because they're highly for favorable tax advantages are REITs are required to distribute 90% of their earnings to investors and so that kind of like allows them to avoid the double taxation that I mentioned previously and so this benefit kind of trickles down to all the underlying investors, you know, they're not being double taxed, and they can receive the maximum amount of capital from rate, I guess another advantage, I mean, we all know that investing in real estate, one of the biggest advantages of is the depreciation.   So depreciation can be passed through to individual investors, even in a REIT structure, basically, you because you get to offset your income is a depreciation kind of tax deduction. Let's say you might be earning tax dollars, that $10 per share, but you only will be paying like $7 as an example, paying taxes on the $7 of those earnings and in addition to that, if you're kind of holding your shares, for longer than a year, you will be paying the long term capital gains taxes, which is kind of much lower than your ordinary income tax. There was another kind, I guess, good, good question that you raised Michael, about what is the difference between private and public REITs, the main difference is private REITs are less liquid, you know, compared to public REITs, public REITs are the ones that are being traded on the public stock exchange and so you're basically kind of they're just like stocks, you can buy them and you can sell them and you will also be getting the dividends while private REITs they're not being traded on the public stock market and so hence, they're being sought after as like a less liquid option for you to own real estate. But at the same time, they're less volatile, obviously, because they're not subject to all of the changes that are happening in the public markets. So you just kind of there's just some kind of major differences, right? The liquidity but you know, because you're foregoing the liquidity, you're obviously getting less of like volatility in the stock price of your, you know, under the ownership of the shares of the REIT. So that's kind of the major kind of difference between public and private REITs.   Michael: Okay. Yeah, that makes a ton of sense. Thanks for walking me through that. I guess the question that gets begged next is the Roofstock has been a marketplace for transacting on single family homes for years now. Why, like, why is this product coming about? Who is it designed to serve and who might not be a good fit for?   Daria: No, that's an excellent question. I think we what we have found as we've been speaking with investors who come to the roofstock.com website and who really enjoy owning kind of real estate and single family rental properties, in particular, one of the feedbacks we have been receiving from investors is that they are some of them you know, obviously, if you want to buy properties outright, you are getting, you know, there is like a large deposit, I guess, that you have to put to buy a property, there is a financing, there is like a very long process of kind of closing, the Roofstock does a very good job at making sure that we simplify this process for investors. So we tried to make it as simple and as friendly as possible. But still, there are multiple steps for you to close on a single property. But obviously, you will be kind of subject to that single asset race grade, if you are only owning a single property you will kind of whatever happens with this property, it will kind of great greatly affect your cash flow, now we have created Roofstock One because investors have been basically asking us, hey, I really can enjoy single family rental investing, but I'm still kind of trying to learn the space and understand how it works. I've never owned single family rentals before and so kind of I'd like to dip my toes into this asset class and so I think Roofstock One kind of offers this perfect opportunity for somebody to own this exposure to this asset class, single family rentals, while you know being completely passive, so meaning you don't need to go through the kind of the whole process of closing on the property, finding the financing, you know, finding the property manager, we do all of that for you.   You just kind of buy the share of stock one REIT you get exposure to this particular asset class and then kind of get, you know, potentially get quarterly dividends from the rental income and kind of just learn a little bit about single family rentals, how it works, how you know how you receive the dividends and gonna get accustomed to kind of owning single family rental asset class, where we have seen as there are, you know, some investors who really enjoy kind of being actively involved in the day to day of managing properties because you get this kind of owner exposure means that some people really like and so for those people, maybe Roofstock One might be a little bit too hands off and so they might kind of prefer to do like the direct ownership of the property. But there are also like a certain subset of individuals who just don't have the time to, like, investigate and spend time with property management companies and figure out like, you know, if they should increase the rent, or drop the rent, just kind of just to find tenants for the house, or should they kind of, I don't know, change the roof, or change the water heater in a property or wait for another month or two. So it kind of… Michael: All the operational stuff…   Daria: All the operational stuff, all of this kind of micro decisions that you kind of don't realize, but they do pile up and they do take a little bit of your time. So you know, some, some of those individuals are like, Look, I just want an exposure to this particular asset class, I want it to be passive, I really enjoy it, I think, you know, I believe in single family rental, kind of asset class in particular and so, you know, this is like, a perfect way for me to get a passive exposure, while still kind of feeling like I'm owning some, you know, underlying properties and we try to kind of make it as transparent as possible to investors, so they actually can see, you know, what properties are inside, you know, Roofstock, one reads, so they can understand, you know, what homes, kind of their tracking the economic performance of, and so they're still kind of getting the feeling of like, okay, with this share, I potentially can own 10 to 20 you know, how many properties they would like, still kind of feel like they're owning those properties. But you know, they don't have to spend as much time on the operation or day to day stuff. So yeah, that's kind of the major reason why we have created the Roofstock One is just to serve certain subset of our investors that we have seen come through roofstock.com website and, you know, obviously, there is absolutely still a lot of kind of benefit of owning the properties outright. But there's also like, you know, there's just a time kind of aspect that's involved in it as well.   Michael: Yeah, that makes a ton of sense and you said something about, for those people that are still learning want to dip their toes into the water, Roofstock One might be a good fit. But if I'm thinking about like a traditional REIT, I can go buy it on the stock market, I buy a share of it. I don't hear from anyone, I don't know what's going on in the day, like, I have zero insight into this. Is that different with Roofstock One like can someone truly expect to learn a little bit about what it's like to own single family rentals with roof stock one, or is it going to be just as hands off in passive and kind of, at a distance, like a traditional route would be?   Daria: I'd say it's somewhere in the middle. So I mean, it is just as hands off and passive. But I guess the major benefit is in public creeds, I guess it's a little bit more of like a pooled vehicle. So just by buying a share of like a public REIT, let's say, for example, that there are like 60, and 1000 properties that are public REIT owns. Now they can be in different like various markets, right. So there could be across many different states in the United States and so you kind of get exposure to all of those kind of little, you know, properties a little bit. So Roofstock One allows you to be a little bit more targeted, if you wish to do so, we have something that's kind of cool, called like a tracking stock, which is like a mini portfolio of subset of properties. So let's say if you're interested in a certain region in the US, just as an example, let's say Georgia, because you believe in this region, or maybe you have invested in this region before, you can get exposure only to the properties in Georgia instead of kind of getting the exposure to all of the properties inside the Roofstock One. But at the same time, if you don't have anything, you know, any convictions and you just kind of enjoy single family rental kind of asset class and you just want to have diversification, then you can also just kind of do that and you can just by exposure to all of the properties inside the restock one read. So we kind of just provide like an ultimate flexibility of investors coming in and kind of creating their own journey. Almost like a custom rate, create your own custom read…   Michael: The subway sandwich of REITs…   Daria: Exactly. Yeah, it's like a Subway sandwich. You're correct. Yeah, that just you know, you choose whatever you want, like and you can even choose your own sauce visit.   Michael: Except we use real fish and real meat in our subway sandwich. Don't know if this is the best analogy but people get the point.   Daria: Yeah, like yeah, we're you know, we're the like a guest who's probably accretes you're just kind of getting the you know, whatever the prepackage Subway sandwich that, you know, is not customizable, and you can't even choose your sauce. So that's kind of how I would think about it. I think the benefit of it is like, look, you can still kind of see what are the properties, underlying properties inside the, like those mini portfolios, for example, which is definitely something that you want to get with like a traditional public REITs, I feel like that they're kind of more giving you like, hey, this is our general structure, or a general investment objective, this is what we're doing this is like, let's say, 30% of our portfolios in Georgia, like x percentages in some other state, which is also great for those people who don't really have much conviction, and maybe they just want to get the general kind of diversified exposure. But you can also have to just be mindful of this kind of this still difference, there is still like this difference that exists between private and public REITs, where no public REITs are still subject to the same market volatility as any other stock would be, you know, I wouldn't say that there is like one, right or wrong way, just kind of, it's all about diversification, and what fits your investment goals and investment needs, and what makes sense for you, and for your investment portfolio and, you know, we're just kind of offering a way for real estate investors to create their custom REITs, if they want to get exposure to the whole asset class, if they wish to do so. They can also mix and match they can invest a little bit into public rates a little bit into private REITs and again, you know, there's it's always, diversification has always been a good way for you to kind of diversify your risk, so…   Michael: Yeah, okay, I do get well, Daria I have a question. That's maybe on every buddy's mind who's listening, you talked about the hurdles and barriers to entry of investing directly, and that's usually coming in the form of down payment heavyweight financing and there's steps involved, how much does investing in recycling cost? What's Is there a minimum investment is our maximum investment, like walk us through what that looks like?   Daria: Yeah, so we actually kind of tried to bring it down to minimum investment is $5,000. So anyone who so there is like a limitation that we you do have to be an accredited investor and accredited investor is something that's basically set up by CC, that's kind of their rules and regulations that in order for you to be invested in private REIT, you kind of have to be an accredited investor and I think it's kind of basically done for the benefit of the investors themselves. Since it is a limited liquidity you do want to make sure you have enough liquid cash that kind of set aside you know, that you have access to because you will if you're invested in into like any private vehicle private REIT or anything else, usually you know, you will not be able to like us you know this drill those money for like five years or so and so, I think that accredited investors just kind of really done to make sure that investors understand that this particular funds will not be able they will not be able to access it and they have enough liquidity on hands to you know, meet any some sort of like liquidity needs that they have during their like day to day life. Now accredited investor, someone who, who is an accredited investor, guess accredited investor is someone who has a net worth of a million dollars and that can include their real estate, investment portfolio or retirement, you know, retirement portfolios, or, you know, bank assets, kinda you name it, it can't include their private primary residence, but if they have secondary homes, and, you know, if they can only count equity basically on those properties, so if they have like a mortgage on the secondary home, they will have to figure out like how much of equity they have, and they can count it towards their networks. Another way to understand if you're an accredited investor is if you are making over $200,000 per year, and you've made over $200,000 per year, in the past two years, or you and your spouse or partner are making over $300,000 together this year and in the past two years. So those are kind of some of the limitations that beans set and they just kind of follow those limitations. But as long as you are kind of accredited investor, you can put you know $5,000 into like a Roofstock One REIT and there's $5,000 can be invested across all of our offerings. So we you know, we are not limiting you can only put $5,000 into like a separate a single kind of mini portfolio or a tracking stock. What we call, you can, you know, put $1,000 or $100 into tracking stock and the rest into like a giant, like a bigger font or you know, vice versa. So you can customize this $5,000 as much as you would like. So yeah, that's, that's kind of the limit. Yeah…   Michael: Great. Okay and I would imagine that other private REITs and for sure, public REITs that have been around for a while, have a track record the history of performance does Roofstock One have that yet or is it too new, like, how has it been performing to date?   Daria: Yeah, we do have a track record on Roofstock when you launched Roofstock One in November last year. So we are a little bit close to like a year of existence. So we have been distributing dividends and the dividend yields that we have distributed for the historical or like our past offerings, they are listed on our website. They can be accessed here, the investor reports and we also do have appreciation of the assets that has happened since we acquired them back in, let's say, November. So we just recently started to calculate something that's called nav, which is net asset value of our investments and that's in general, how private REITs figure out what is the value of their shares. So unlike public REITs, where the share price has been determined by the kind of just the normal forces of the markets, private REITs, because they're private, they, you know, they had to kind of figure out a way to value the assets, the underlying assets that they have and so the net asset value is kind of the common term where NAV is kind of a common term that they use to figure out what is the share price of their rate and that's what the Roofstock One does as well. So we are just like any other private three, we calculate NAV, we publish it, and then can investors are able to track estimated value of their shares. Now the reason I say it's estimated is because obviously, until we sell the assets, we wouldn't know the exact value of, of the underlying assets, we can only kind of do like an estimation of where we think it is right now. But it is, you know, a good proxy, I guess, for an investor to think, hey, this is like my estimated value. But you know, until you can actually sell the assets and just kind of the nature of real estate market in general, that it's very illiquid, and you wouldn't know the value of the asset until you actually like listed for sale and you started getting some buyers who are interested giving you offers etc. So very similar, you know, in REITs, because we own underlying assets. There, you know, we're kind of subject to the same market forces as any anyone else who owns real estate. But you know, net asset value is a good measure for someone to use to determine what is the estimated value of their shares.   Michael: Okay, okay super informative from the history to the product offering and why it makes sense. This is awesome. If people want to learn more about private REITs chat with you learn about Roofstock One, where's the best place for them to do that?   Daria: Yeah, we can be found on the roof stock.com website, or someone can just type in www.roofstock.com/O N E -one. That's our website. Now feel free to give us a call there is a button that you can click on and request a phone call and we have very friendly people to chat and they're always happy to talk about real estate, private REITs single family rentals investing. Now we love investors ask us questions and they love talking to them on various subjects. So yeah, you know, feel free to check out our websites style by ask questions and we are always happy to chat.   Michael: Amazing, well thanks again and definitely looking forward to seeing where Roofstock One goes from here. Talk soon.   Daria: Thank you Michael. Thank you for having me today.   Michael: You got it, take care.   Okay, everyone, that was our episode A big thank you to Daria for coming on really interesting stuff with the product offering as well as the history of REITs themselves. So go check out the website at roofstock.com/one. As always, if you enjoyed the episode, definitely love hearing from you. All ratings and reviews are super appreciated and we look forward to seeing the next one. Happy investing…

Randy visits with Dan Watts, 2017 IBA Chair and President of Forest Park National Bank & Trust Company, on his perspectives over his 25+ year banking career. From the development of unused industrial space in his neighborhood to his position on the board of the Federal Home Loan Bank of Chicago, Dan provides thoughtful insight into the deep impact banking has in Illinois.

0:00 - Dan & Amy take a look at the latest in the Mar-a-Lago raid and the left's new political hit job against Trump in New York    7:47 - Dan & Amy react to the class-action lawsuit against DeSantis over Martha's Vineyard    29:28 - Dan & Amy give an update on Stephen DeFilippis harassers John Ruder & Robert Shumacker   50:12 - Senior Fellow with the Mises Institute who served as the Principal Deputy Director of the Office of Financial Research in the U.S. Treasury Department and former President and CEO, Federal Home Loan Bank of Chicago, Alex Pollock: The Fed's Tough Year   01:01:31 - National political reporter, Salena Zito, shares the difficulties and realities of covering John Fetterman. Check out Salena's always timely book  The Great Revolt: Inside the Populist Coalition Reshaping American Politics   01:18:52 - Defending the Willie Wilsonization of politics   01:36:18 - Hall of Fame Chicago Bears Linebacker, Brian Urlacher, shares what he learned from his recent trip to the nation's border    01:53:31 - Karol Markowicz, columnist for the New York Post: Continuing COVID craziness shows it was never about the science. Karol is a great follow on twitter @karolSee omnystudio.com/listener for privacy information.

In this episode Tone and Larry sit down with longtime friend, Brandon Rule. Brandon Rule is an Entrepreneur, Commercial Real Estate Developer and emerging Tech Founder. The trio sit down to discuss how Brandon has been able to "create his own luck" through hard work, preparation, and perseverance. About Brandon:Brandon Rule believes he can change the world for the better through the development of communities! Brandon hopes to empower people by showing them how entrepreneurship and financial literacy can be tools to create wealth within communities of color. Brandon studied Economics and Sociology at Marquette University. After college, Brandon went on to launch Rule Enterprises, an investment firm which uses commercial real estate as its primary tool of investment. Specializing in affordable housing, Rule Enterprises has over $112M in affordable housing closed with another $400M currently in its pipeline. Brandon has also recently announced the launch of RE-INVEST, an online commercial real estate investing platform that aims to create access to real estate investing in ways that have previously been off-limits for most Americans. He believes the unique opportunity for people to create wealth by investing in real estate without ever purchasing a home can empower families to attain and sustain financial freedom for generations to come. Brandon has recently been named by Yahoo Finance as a top 20 real estate investor to look out for, Milwaukee Business Journal's 40 under 40, Federal Home Loan Bank of Chicago Community First Emerging Leader recipient, is on the Advisory Board for Marquette University's and Virginia Tech's College of Business Real Estate Department and is also a proud member of Alpha Phi Alpha Fraternity Inc. Tap in with Brandon:Website: https://brandonrule.com/Instagram: b_rule Business Pages: @reinvestcommunity (crowdfunding venture) and @therosethatgrew_ (media venture)Twitter: @b_ruleTiktok: @b_rule Youtube: The Rose That Grew (coming soon) You can also text Brandon at 202-918-4820. Brandon in the News:https://www.bizjournals.com/milwaukee/news/2019/07/18/developer-brandon-rule-driven-by-core-values.htmlhttps://www.bizjournals.com/milwaukee/news/2020/02/26/brandon-rule-rule-enterprises-llc.htmlhttps://www.usbank.com/about-us-bank/company-blog/article-library/milwaukee-developer-brandon-rule-aims-to-help-close-the-racial-wealth-gap.htmlAbout the Podcast:ScholarChip$ is a podcast hosted by Tone Gaines and Larry Alexander. Larry is a transactional attorney at a Fortune 100 Company. Tone is a Corporate M&A attorney at a large law firm in Chicago. But more importantly, both Larry and Tone are Black men from the inner city of Milwaukee, Wisconsin. The duo started the ScholarChip$ podcast in hopes of inspiring the next wave of  scholars. Discussions in this podcast are for general information and entertainment purposes only and should not be considered legal advice. Always consult a lawyer for your individual circumstances.

In Episode 94 of the Charity Charge Show, Stephen talks to Katie Appold, Executive Director of Do More Good & Nonprofit Hub, whose mission is to create and curate content to help nonprofits do more good. Stephen and Katie Appold talk about the upcoming Cause Camp (September 14-15, 2022), the struggles nonprofits are facing transitioning to a digital fundraising model, and creating great nonprofit boards. Katie's nonprofit career includes a variety of leadership roles for human service, foundation, and publishing-related nonprofits as well as many volunteer roles. Under Katie's leadership, nonprofit organizations have developed new programs related to free healthcare, affordable and accessible housing and literacy programs for K-12 students. In her first Executive Director role, Katie increased the annual revenue of the organization she led by 300% and received the top grant prize in the nation for affordable housing through the Federal Home Loan Bank of Indianapolis. Today, she leads Do More Good, the parent organization of Nonprofit Hub and Cause Camp which collectively serve more than 50,000 nonprofits throughout North America. Her educational background includes an undergraduate degree in business administration and a masters degree in nonprofit leadership. Katie is the past board president of Gracious Grounds, a housing organization serving individuals with disabilities. She is an active member of the Grand Rapids Young Nonprofit Professionals, the Grand Rapids Chamber of Commerce, Cause Network, the Lakeshore Nonprofit Alliance and the Association of Fundraising Professionals. Katie Appold on the struggles nonprofits are facing in transitioning to a digital fundraising model and the speakers at Cause Camp 2022: I would say the largest challenge that we're seeing organizations face is a transition to majority digital communication and fundraising. Pre-pandemic in person events like galas, golf outings, and one on one coffee meetings with donors were still happening. Thankfully, those things are coming back, and they're coming back strong, which is wonderful. But over the two years when the pandemic was at its peak, people really had to communicate digitally, and nonprofits had to raise their support digitally. So we're seeing a lot of organizations who are doing the right things, but they need to tweak and perfect and test and learn how to do them better. Our solution is that we've built this year's Cause Camp's speaker list to address a lot of those issues that we see nonprofits facing. This year we have Dana Snyder, the gal who was the driving force behind Movember, talking about how you can take your mission and make it an online movement. We will also have Nathan Hill talking about how you can communicate to donors why they should give to your mission digitally? Because if you have no other way to connect with a donor other than email, it's crucial to know what you can say and do in that email to 1) make them open it and 2) connect with them in your message. Chris Hammond will also be talking about how nonprofit leaders need a strong personal network to build a strong organization, which I think is something that is often overlooked. Chris is going to talk about how to create that personal network digitally using tools like LinkedIn and connecting with people via text and email to keep relationships strong. Additionally, we have Mark Ostach, who's talking about hybrid work environments for nonprofits and how to make teams thrive. Interested in listening to the full episode and hearing more from other nonprofits? Check out more episodes here [maxbutton id="3" url="https://www.charitycharge.com/charity-charge-podcasts/" text="Charity Charge Show" ]

0:00 - Aaliyah Ivory (CCW holder) on being shot 6 times on Xway (I-57 & Vollmer) 8:37 - Dan & Amy check in on JB Pritzker as he travels to Florida 27:28 - Barstool:  Ranking The Chicago Highways 45:28 - Dan & Amy remark on the good samaritan who saved lives at Indiana mall 01:01:05 - Author of  The Coming Collapse of China  and The Great U.S.-China Tech War, Gordon Chang: China's Economy Is Now In Free Fall. Gordon has contributed to a new book The CCP is at War with America and is a must follow on twitter @GordonGChang 01:17:03 - President of Wirepoints, Ted Dabrowski, does a stop, look and listen as Illinois state elections near in November. Check out Ted's latest at wirepoints.org 01:33:38 - Alex Pollock, senior Fellow with the Mises Institute, served as the Principal Deputy Director of the Office of Financial Research in the U.S. Treasury Department, former President and CEO, Federal Home Loan Bank of Chicago, explains why economics is not a science. For more from Alex on the “tyranny of the experts” check out his book Finance and Philosophy—Why We're Always Surprised 01:50:01 - Rev. Terrell Scott, pastor of Passion-Life Church in McDonough, Georgia, shares his journey from crime boss to ministry. For more on Passion-Life Church visit passion-life.org See omnystudio.com/listener for privacy information.

Download the “65 Investment Terms You MUST Know to Reach Your Financial Goals In The Shortest Time Possible” for FREE by going to https://TodaysMarketExplained.com/ Robert Barone founded Universal value Advisors (UVA) in 2005. He is currently the firm's economist as well as a wealth and portfolio manager. Mr. Barone holds a Ph.D. in economics (Georgetown University) and is nationally known for his blogs, many of which are posted on TheStreet.com, at the Minyanville blog site, or at Forbes. He is often quoted in the financial press, and writes a column every other week for Reno's local newspaper, the Reno Gazette-Journal. In his career, he has been a Professor of Finance (University of Nevada), a community bank CEO (Comstock Bancorp), a Director of the Federal Home Loan Bank of San Francisco where he served as its Chair in 2004, and is currently a Director of CSAA Insurance Company (a AAA Insurance Company) where he chairs the Finance and Investment Committee. In 2007-2009 he served as Chairman of the Board for that entity. He also currently sits on the Boards of AAA Northern California, Nevada, and Utah (the AAA Auto club) and Allied Mineral Products, Columbus, OH, America's strongest refractory company. Joshua Barone is an Investment Advisor at FourStar Wealth Advisors in Reno, NV. He brings over 20 years of experience in investment management to the FourStar team. At FourStar Joshua is responsible for asset selection on over 100 million dollars of the firm's assets. Joshua is also the managing member and Chief Investment Officer of Universal Value Advisors, a Reno NV based RIA established in 2005. Universal Value Advisors is the sub-advisor to the ETF named UVA Unconstrained Immediate Term Income Fund (FFIU) which is traded on the NYSE. Prior to the establishment of Universal Value Advisors, Joshua was a co-founder of Adagio Trust Company and was a senior analyst and portfolio manager for that company during the years of 2000-2005. Joshua has also been a M&A analyst in the banking arena, analyzing potential purchases of small institutions by larger ones. He also briefly worked for Liberty Mutual and New York Life Insurance Companies. Joshua has been published in the Street, Forbes, Northern Nevada Business Weekly. Joshua has also been featured in Fast Company Magazine. Follow TME on TikTok: https://www.tiktok.com/@TodaysMarketExplained Follow TME on Instagram: https://www.instagram.com/TodaysMarketExplained Subscribe on YouTube: https://www.youtube.com/channel/UCYjCaTkX698mc6yAFaFz4tg Website: https://todaysmarketexplained.com/ DISCLAIMER: This podcast is provided by FourStar Wealth Advisors for the general public and general information purposes only. This content is not considered to be an offer to buy or sell any securities or investments. Investing involves the risk of loss and an investor should be prepared to bear potential losses. Investment should only be made after thorough review with your investment advisor considering all factors including personal goals, needs and risk tolerance. FourStar is an SEC registered investment advisor that maintains a principal business in the state of Illinois. The firm may only transact business in states in which it has filed or qualifies for a corresponding exemption from such requirements. For information about FourStar's registration status and business operations please consult the firm's form ADV disclosure documents, the most recent versions of which are available on the SEC investment advisory public disclosure website at www.adviserinfo.sec.gov

0:00 Intro.2:08 Start of interview.2:42 Dan's "origin story". He was born and grew up in Arizona, with a stint in Atlanta, GA. He later attended the University of Arizona on a Flinn Foundation scholarship. He then went off to graduate school to Stanford (Econ), later transitioning to Stanford Law School. He practiced law in Arizona for a year and came back to the Bay Area "almost on any excuse", and ran a cookie company.8:01 His time at Stanford Law School, first to help launch the LLM Program in corporate governance, and later as Faculty Director of the Rock Center, Associate Dean of Executive Education and Professor of the Practice of Law.9:19 The story of his company LawLogix, which he sold to Hyland Software/Thoma Bravo in 2015.14:02 How the board of LawLogix evolved from startup to having PE investors to final sale. Three huge lessons:Governance matters in some ways even more at a small company level.Don't let board observers on your board at the request of PE, unless they agree to pay for them.CEO succession matters, and mission/culture is key ("tone at the top").23:00 His thoughts on the current market and down cycle (recession). "It is important to distinguish between a financial crisis from a business cycle recession." "It feels like we're in a business cycle recession with a lot of hype. Relatively speaking capital is still cheap."29:31 On his role as an independent director on the board of the Federal Home Loan Bank of San Francisco. *Congress established the Federal Home Loan Bank System in 1932, in the midst of the Great Depression, to improve the nation's housing finance system by facilitating the flow of credit for mortgages throughout the country. 34:44 Dan's new fintech startup "Nikkel". Focused on equity comp for employees of late-stage private venture-backed companies. "Many investors would like to be invested in unicorns, but if you look at the distribution of who's invested in unicorns it's a very short list [~20 global investors have material investments, and 10 of them account for 80% of it.] If you want to get access to unicorn returns, you really can't and that's unfortunate.44:28 Reaction to SEC Commissioner Allison Herren Lee's speech on "Going dark: the growth of private markets and the impact on investors and the economy."  "I think that within 3 or 4 years [my startup Nikkel] will be directly or indirectly one of the largest beneficiaries of unicorn upside, because 11% of the global cap table of unicorns right now is the hands of employees in the form of vested options [and nobody pays it any attention to this segment]. Imagine if you can constructively engage around that part of the cap table and have everyone do better [just like billionaires do in managing their wealth, maximizing upside, minimizing taxes, etc.]" Example: Airbnb's 10 year statutory expiration for option grants (before it went public). "Nikkel will advance money to employees on a prepaid variable forward contract." "Employees are at the heart of the success of modern unicorns, more so than ever before." "On average, employees should not sell their shares in a successful high growth venture-funded unicorn."54:17 What Nikkel will offer tech employees with vested stock options. 57:47 On why he moved from Los Altos, California to Las Vegas, Nevada.01:02:42 On director evaluations: "The importance of director evaluation has only increased." "The third rail/holy grail of director evaluation is identifying, coaching and assisting under-performing board members and/or helping them ease off the board (i.e. to improve or step-off the board)."01:07:02 On director education: "Cybersecurity is an area that we pay a lot of attention to it but we don't do it constructively enough." "The best director education is a format that has great content but that allows directors to interact with each other." 01:10:40 The 3 books that have greatly influenced his life:Influence, by Robert Cialdini (1984)Fooled by Randomness, by Nassim Taleb (2001)Elantris, by Brandon Sanderson (2005)01:14:00- Who were your mentors, and what did you learn from them?  Eddie Basha, Chairman & CEO of Bashas, Inc.Andrew Hurwitz, Judge of the US Court of Appeals for the Ninth CircuitJoe Grundfest from Stanford Law SchoolSimone Lagomarsino, chair of the the Federal Home Loan Bank of San Francisco.01:16:38 - Are there any quotes you think of often or live your life by? "Trust, by Verify." "Qui tacet consentire videtur." (he who is silent is understood to consent)01:17:43- An unusual habit or an absurd thing that he loves: Movies. Waking up absurdly early.01:19:45 - The living person he most admires.Dan Siciliano is an Independent Director of the Federal Home Loan Bank of San Francisco and Chair of the American Immigration Council.  He is the former faculty director of the Rock Center for Corporate Governance at Stanford University and former Professor of the Practice and Associate Dean at Stanford Law School. Dan was also co-founder, CEO and ultimately Executive Chairman of LawLogix Group, Inc. – a global software technology company.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

About the guestBrian McLaughlin is President of Enterprise Community Development, Inc (ECD) and President of Enterprise Community Partners' Community Development Division. Brian is charged with leading operations and the overall strategic direction of both organizations, as well as Enterprise Residential – the company's property management company. ECD is an owner, operator and developer of housing spanning 113 communities with a portfolio valuation of more than $1.3 billion supporting 21,000 residents. Brian has spearheaded the merger of the three legacy companies brought together to create ECD, ultimately expanding its workforce to more than 500 associates who make up one of the 50 largest private owners of affordable housing in the country and the sixth largest among nonprofits. Brian oversees a team with expertise in community planning, development, design, construction, asset management, property management and resident services. Enterprise Community Partners, ECD's parent company, is a national nonprofit that develops community-based programs, advocates for affordable housing policy and invests capital to build and preserve affordable homes.  Brian brings diverse experience in managing real estate business lines across the nonprofit, public and for-profit sectors. Brian's 25-year career also includes directly leading development of mixed-use, market rate, workforce, historic tax credit and Low Income Housing Tax Credit-supported housing. Brian began his career working in the nonprofit community development field in Boston and in York, Pennsylvania. He later served nine years at Fannie Mae across multiple positions, including as a senior asset manager and a multifamily underwriter, leading the company's short sale product line during the Great Recession, and serving as special assistant to its president and CEO where he directed the company's executive office. From 2003-2006, Brian served as an assistant secretary for Maryland's Department of Housing and Community Development, where he led the state's largest and primary division of government responsible for neighborhood revitalization programs and investments. From 2014-2018, Brian was the co-founder and CEO of Lantian Development, a Maryland-based private equity and development company where he built a $150 million portfolio that included more than 1.1 million square feet of office and institutional assets across 403 acres of land in the DC metro region.An honors graduate of Duke University, Brian also holds a master's degree in city planning from MIT and a master's degree  in economics from American University. Brian serves on the boards of the Northern Virginia Affordable Housing Alliance and the Federal Home Loan Bank of Atlanta, and has been appointed by the Board of Governors of the Federal Reserve System as a branch board director of the Federal Reserve Bank of Richmond.The Truth In This ArtThe Truth In This Art is a podcast interview series supporting vibrancy and development of Baltimore & beyond's arts and culture.Mentioned in this episodeTo find more amazing stories from the artist and entrepreneurial scenes in & around Baltimore, check out my episode directory.Stay in TouchNewsletter sign-upSupport my podcastShareable link to episode★ Support this podcast ★

The Federal Home Loan Bank (FHLB) of Atlanta offers a safekeeping program that's second to none. Mark Treichel introduces Alonzo Swann, a credit union strategist at the Federal Home Loan Bank of Atlanta. Alonzo talks with Mark about the many benefits of joining an FHLB. In fact, any credit union that's doing mortgages should be a member. Just like cooperatives, FHLBs make product decisions according to their members' needs. There are consistent regulatory updates as well to make sure everything runs smoothly. If you want to know more about the benefits of joining federal home loan banks, this episode is for you.

Alex J. Pollock is a Senior Fellow with the Mises Institute, previously the Distinguished Senior Fellow at the R. Street Institute, and the former Principal Deputy Director of the U.S. Department of Treasury's Office of Financial Research. He is also the former President and CEO of the Federal Home Loan Bank of Chicago. Holding advanced degrees from the University of Chicago, and Princeton University, he is the author of the legendary book, Finance and Philosophy: Why We're Always Surprised.

Tune in to a special 2-part edition of The Hennessy Report, recorded live from the 2021 Maine HR Convention. Thanks to Bud Bernstein, President and CEO, for bringing everyone together. In part 2, Dave is joined by Gio Twigge, SVP & CHRO at IDEXX where their mission is to enhance the health and well-being of pets, people, and livestock. Gio begins with more than a moment that changed his life, but rather a formative period of his life - the 70s and 80s living in South Africa during the height, and fall, of Apartheid as a gay white male. He describes how this led him to the HR path to make an impact in an organization and make sure employees don't have a lonely experience at work. Gio also describes IDEXX's values for their 10,000+ workforce, their focus on driving innovation, the importance of a great culture in addition to a purpose and product, and a lack of hierarchy. If you missed part 1, episode 69, Dave was joined by Barry Gale, SVP/CHRO at Federal Home Loan Bank of Boston.

This week, Robin Hughes, President and CEO of Abode Communities, speaks with Matt about her experience and leadership in the affordable housing community. Abode Communities is a nonprofit owner, developer, and designer of affordable housing. Based in Los Angeles, the organization is one of the top 50 affordable housing developers nationally and is the premier provider of environmentally sustainable affordable housing in California. The conversation begins with a discussion on how COVID has impacted Abode's and other affordable owner's residents, an important dialogue as the pandemic has disproportionally affected low-income communities. Additionally, Robin shares how growing up in public housing as a young child brings a lived experience into her current role where she not only serves as the President and CEO of Abode but also serves on numerous boards and committees in the affordable housing space including as chair of the Housing Partnership Network. Robin also provides advice on how to bring more people of color into more senior roles in the commercial real estate industry.Robin has been actively involved in affordable housing and community development for more than 30 years and in her 25 years as leader of Abode Communities. Under Robin's leadership, Abode Communities has developed nearly 50 residential and mixed-use Communities; created new affordable homes for some 12,000 California residents and provided a social safety net through Beyond Homes, the organization's social services program.Robin is an industry leader in housing policy at the local, state, and federal level. She serves or has served on numerous boards, task forces and advisory bodies where she continues to advocate for resources, programs, and policies to support the production on and preservation on of affordable housing for low-income residents. Hughes was chair of the Affordable Housing Advisory Council for the Federal Home Loan Bank of San Francisco, a member of the JPMorgan Chase Community Advisory Board of Los Angeles, and has served on the board of directors for organizations such as Southern California Association on of Nonprofit Housing, Low Income Investment Fund, Esperanza Community Housing Corporation, and Mercy Housing California.Prior to joining Abode Communities, Hughes held positions in the private and public sectors including The Richmond Group of Companies, Citibank, the Community Development Commission of the County of Los Angeles, and the Office of the Mayor of the City of Los Angeles. Her experience is highlighted by four years as City Planning Commissioner for the City of Los Angeles. Robin was recognized by Huffington Post as “Person of the Day and Women in Business as Outstanding Nonprofit Director. Robin was recognized by Commercial Observer as Top 25 Real Estate Leaders in Los Angeles. She also won Black Business Association's Executive Leadership Award and was featured on the cover of National Real Estate Investor as “Champion of Affordable Housing”.She received her masters and bachelor degrees in public administration from the University of Southern California, and received a certification from Harvard University's John F. Kennedy School of Government Executive Program.