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Wednesday, November 12th, 2025Today, Fannie Mae watchdogs who were removed from their jobs had been probing if Trump appointee Bill Pulte had improperly obtained mortgage records of key Democratic officials; Republicans added a provision to the continuing resolution to allow the Republican Senators whose call logs were subpoenaed by Jack Smith to each collect $500K in taxpayer money; Greg Bovino and the CBP are packing up and leaving Chicago as the House returns to work; Hakeem Jeffries is whipping no votes in the House for the shutdown deal; Trump has asked the Supreme Court to overturn the E Jean Carroll verdict; a federal judge has struck down a Republican gerrymander and has reinstated the voter approved map; that Marion county Kansas newspaper that was raided by the police - They get a $3M settlement from the government; and Allison and Dana deliver your Good News.Thank You, CoyuchiGet 20% off your first order when you visit Coyuchi.com/dailybeansThank You, OneSkinGet 15% off OneSkin with the code DAILYBEANS at https://www.oneskin.co/dailybeans #oneskinpodGuest: Zerlina MaxwellMornings with Zerlina | SiriusXM Progress Channel 127 Weekdays at 7 AM ETThe Inner Work Dispatch | Zerlina | Substack@zerlinamaxwell.bsky.social on Bluesky, @zerlinamaxwell - InstagramContacting U.S. Senators Find Your Representative | house.govSubscribe to MSW Media - YouTube StoriesFannie Mae Watchdogs Probed How Pulte Obtained Mortgage Records of Key Democrats | WSJThune secures provision in government funding bill letting senators sue for phone records seizure | POLITICOTrump asks Supreme Court to overturn verdict that he sexually abused and defamed E. Jean Carroll | CNN PoliticsU.S. Border Patrol boss Greg Bovino, fellow agents expected to leave Chicago but could be back in the spring | Chicago Sun-TimesUtah Judge Strikes Down GOP Gerrymander, Restores Voter-Approved Fair Map | Democracy DocketMarion County agrees to pay out $3M for newspaper raid, expresses regret | Kansas ReflectorGood TroubleWe saw you are covering the courts' decisions on SNAP benefits. If you're looking to offer your readers a way to help families missing benefits, letting you know GiveDirectly is delivering emergency cash in real time to the lowest-income families -- we've paid 133,000+ since Nov 1: GiveDirectly.org/snap. **Sharonville City Hall on Wednesday, November 12th at 6:30pm. For more info, please visit Cincy Urban Farm**Saturday, November 15. TeslaTakedown.com**Group Directory - The Visibility Brigade: Resistance is Possible**Vote Yes 836 - Oklahoma is gathering signatures**How to Organize a Bearing Witness Standout**Indiana teacher snitch portal - Eyes on Education**Find Your Representative | house.gov, Contacting U.S. SenatorsFrom The Good NewsMutual Aid Relief Fund, Mutual Aid Hub, GiveDirectly.org/snapLink to Modelo's adoption page - The Animal FoundationSocial Security Fairness Act: Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) update | SSAFortitude Strength and Conditioning in Oak Grove, MissouriDoney Coe Pet Clinic in SeattleDana Goldberg Outrageous Tour - November 14th ChicagoOur Donation LinksNational Security Counselors - Donate, MSW Media, Blue Wave CA Victory Fund | ActBlue, WhistleblowerAid.org/beansFederal workers - email AG at fedoath@pm.me and let me know what you're going to do, or just vent. I'm always here to listen. Find Upcoming Actions 50501 Movement, No Kings.org, Indivisible.orgDr. Allison Gill - Substack, BlueSky , TikTok, IG, TwitterDana Goldberg - The 2025 Out100, BlueSky, Twitter, IG, facebook, danagoldberg.comMore from MSW Media - Shows - MSW Media, Cleanup On Aisle 45 pod, The Breakdown | SubstackReminder - you can see the pod pics if you become a Patron. The good news pics are at the bottom of the show notes of each Patreon episode! That's just one of the perks of subscribing! patreon.com/muellershewrote Our Donation LinksNational Security Counselors - DonateMSW Media, Blue Wave California Victory Fund | ActBlueWhistleblowerAid.org/beansFederal workers - feel free to email AG at fedoath@pm.me and let me know what you're going to do, or just vent. I'm always here to listen. Find Upcoming Actions 50501 Movement, No Kings.org, Indivisible.orgDr. Allison Gill - Substack, BlueSky , TikTok, IG, TwitterDana Goldberg - BlueSky, Twitter, IG, facebook, danagoldberg.comCheck out more from MSW Media - Shows - MSW Media, Cleanup On Aisle 45 pod, The Breakdown | SubstackShare your Good News or Good TroubleMSW Good News and Good TroubleHave some good news; a confession; or a correction to share?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/ Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?The Daily Beans | SupercastThe Daily Beans & Mueller, She Wrote | PatreonThe Daily Beans | Apple Podcasts Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
President Donald Trump and Federal Housing Finance Agency director Bill Pulte have floated the idea of a 50-year mortgage as a potential way to make homebuying more affordable. The president has said that longer mortgages would lower borrowers' monthly payments, which is true — but at what cost? And later, 47 economists filed an amicus brief in Trump's tariffs case before the Supreme Court. We'll unpack what they said.
President Donald Trump and Federal Housing Finance Agency director Bill Pulte have floated the idea of a 50-year mortgage as a potential way to make homebuying more affordable. The president has said that longer mortgages would lower borrowers' monthly payments, which is true — but at what cost? And later, 47 economists filed an amicus brief in Trump's tariffs case before the Supreme Court. We'll unpack what they said.
We've got ourselves a good old-fashioned legislative brawl over hemp. The Senate just shut down Rand Paul's amendment that tried to strip out restrictions on intoxicating hemp products from the new government funding deal. This is the kind of hemp that doesn't quite fall under marijuana, the THCA and Delta-9 stuff that's skirted federal legality thanks to a 2018 farm bill maneuver. Paul, joined by Ted Cruz and a solid group of Democrats, argued this would gut the hemp industry in Kentucky and beyond. Mitch McConnell, of all people, led the charge in cracking down — he wants to shut down what he sees as a loophole before he exits stage right in 2026.Politics Politics Politics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.The hemp industry is pissed. They lobbied hard, warning this will lead to job losses, ruined crops, and wiped-out businesses. But some law enforcement groups, anti-drug organizations, and even alcohol and legal marijuana folks were all in favor. They argue the current situation puts minors at risk and needs to be cleaned up. Rand Paul says his fight wasn't about holding up the government funding, but rather making sure someone in the Senate stood up for hemp farmers. Still, the amendment failed, and the broader bill — restrictions included — is going to move forward. And unless something magical happens in the House, it looks like the loophole days are done.Personally, I'm pretty skeptical of the idea that we're one bad gummy away from chaos in the streets. I've never bought the whole “kids are going to die if we don't regulate this tomorrow” pitch. That's not to say we shouldn't have age restrictions and public usage laws — we definitely should — but we need to be real about this. America needs a consistent weed policy. We're in this weird limbo where it's both legal and illegal, regulated and unregulated, and the result is that nobody really knows what's what.The 50-Year Mortgage PlanDonald Trump floated the idea of a 50-year mortgage on Truth Social, and it immediately got dragged on cable news. Fox Business host Charlie Payne slammed the plan as a bad way to fix housing affordability. The math doesn't lie: you might pay less per month, but in the long run, you'd nearly double the total cost of the house. That didn't stop Bill Pulte, head of the Federal Housing Finance Agency, from calling it a game-changer. But Pulte's now facing heat because this idea just doesn't have a lot of fans.The appeal is pretty simple. You give younger buyers a way into the housing market with a lower monthly payment. Maybe that helps them get in the game earlier, buy a house in their twenties, start building equity. But let's be honest — the problem isn't just the monthly payment. It's the cost of everything. I didn't buy a house in my twenties because I wasn't ready, and I wanted to live a little. That's not a mortgage issue. That's a culture issue.And when I finally did buy, I didn't care how long the mortgage was. I cared about location, timing, and whether I actually wanted to settle down. A 50-year mortgage might help on the margins, but it's not the silver bullet for housing affordability. Maybe it gets a few people in the door earlier. Maybe not. But it's certainly not going to fix the system.Schumer on the Hot SeatChuck Schumer is taking incoming fire from all directions. After eight Senate Democrats voted with Republicans to end the shutdown, a lot of progressives decided enough was enough. Groups like MoveOn and Indivisible are now calling for Schumer to resign. Even some moderates are joining the chorus. They say he's out of touch, ineffective, and unable to confront Trump in any meaningful way.MoveOn claims 80% of their members want Schumer out. Representatives like Rashida Tlaib, Ro Khanna, and Seth Moulton have all voiced their displeasure. But over in the House, Minority Leader Hakeem Jeffries is standing by Schumer. He gave a full-throated endorsement, saying Schumer is the right man for the job and that his fight during the shutdown was valiant. So at least publicly, Schumer isn't going anywhere.But this does shine a spotlight on the growing rift within the Democratic Party. The progressives want more aggression, more resistance, and less compromise. Schumer's old-school Senate style — the backroom deals, the procedural wrangling — doesn't cut it for them anymore. Whether or not this turns into an actual leadership challenge is still up in the air. But the frustration is loud and growing, and Chuck is smack in the middle of it.Chapters00:00:00 - Intro00:02:39 - Latest on Shutdown00:04:21 - Interview with Kirk Bado00:29:16 - Update00:29:52 - Hemp Products00:33:57 - 50-Year Mortgages00:37:58 - Calls for Schumer to Resign00:41:41 - Interview with Kirk Bado (con't)01:08:10 - Wrap-up This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe
The U.S. Housing Regulator, scouring records looking for dirt on Trump's enemies, is now being fully unleashed. That's because Joe Allen, FHFA's acting inspector general, the internal watchdog for the U.S. Federal Housing Finance Agency was fired. We'll discuss it with Pulitzer Prize winning author and investigative journalist David Cay JohnstonAuthor Ruth Carlson will stop by to talk about SF and her next big event. Jefferson Graham returns from his travels with Tech Tuesday. The Mark Thompson Show 11/4/25Patreon subscribers are the backbone of the show! If you'd like to help, here's our Patreon Link:https://www.patreon.com/themarkthompsonshowMaybe you're more into PayPal. https://www.paypal.com/donate/?hosted_button_id=PVBS3R7KJXV24And you'll find everything on our website: https://www.themarkthompsonshow.com
Bill Pulte, the Director of the Federal Housing Finance Agency joins the show. Responding to the changes made by FICO this week. Cutting out the middle man for mortgage lenders and resellers. Then, Goldman's CEO with a warnings about the AI hype cycle. Why David Solomon is growing worried. Plus, former SEC Commissioner Laura Unger details the impact of a government shutdown on the ability of companies to go public. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
This week's show is sponsored in part by EPIC-MRA Public Opinion Research MIRS News
Football Team Valuations Sexy is back - Retail What winning the Powerball Jackpot means A little 1,000,000 revision... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Stagflation - as payrolls drop - People in glass houses ....Stupid Politics - We are still here - which means we did not win the Powerball Jackpot - They say it will never happen - Ban on stock ownership for Congress Markets - CRISPR Chocolates? - Tech - again the driver - Sexy is back - Retail - Take in stride - on 900k less workers - ORACLE!!!!!! Powerball Jackpot - $1.8 Billion - Two winners - Texas and Missouri - Each winning ticket holder can choose either an annuitized prize of $893.5 million or a lump sum payment of $410.3 million – both before taxes. - Additionally, two lucky tickets sold in Kansas and Texas won a $2 million prize and 18 tickets sold across 13 states won $1 million. - Back to just $20 million now... - The odds of winning were 1 in 292.2 million, according to the Multi-State Lottery Association, which oversees the game. Glass Houses - Pulte - Accuses Fed's Cook and with simple accusations Trump looking to Fire ... - Close relatives of the federal official who has accused a Federal Reserve governor of improperly claiming primary residence on two properties have declared the same status on two homes in two different states, public records show. - Mark and Julie Pulte, the father and stepmother of Bill Pulte, President Donald Trump's appointee as director of the Federal Housing Finance Agency, since 2020 have claimed so-called “homestead exemptions” for residences in wealthy neighborhoods in both Michigan and Florida, according to the records. The exemption is meant to give a discount to homeowners on taxes for properties they use as their primary residence. - Local tax officials in both states told Reuters that claiming more than one home as a primary residence isn't generally allowed in their jurisdictions and could be punishable by fines or back taxes. - After Reuters contacted tax officials in Bloomfield Township, Michigan, to inquire about the dual claims, Darrin Kraatz, director of assessing, on Thursday said the township “as of today” would revoke the exemption on the Pultes' residence there. Beat Your Ass - Seems at a recent dinner- Pulte got under Scott Bessent's skin and bessent was pissed - F You - I am going to beat your ass - punch you in the F'n mouth for bad talking me to president Trump - Class act these children Chocolate Editing - Candy maker Mars said Wednesday it has partnered with biotech company Pairwise to speed up the development of more resilient cocoa using CRISPR-based gene editing technology. - CRISPR technology is a gene-editing tool that makes changes to DNA and can be used in farming. - The goal is to create cacao plants that can better withstand disease, heat and other climate-related stresses that can put global chocolate supply at risk. ---- Public Service: The main difference between cocoa and cacao: cacao is minimally processed and remains largely raw and nutrient-dense, while cocoa is made from roasted cacao beans that have been processed at high temperatures. This heat and processing affect cacao's nutrient profile and flavor, making cacao powder more bitter and richer in nutrients, and cocoa powder milder and more suitable for baking. GOOGLE for the win - Google shares popped 8% on Wednesday last week as investors celebrated what they viewed as minimal consequences from a historic defeat last year in the landmark antitrust case. - Last year, Google was found to hold an illegal monopoly in its core market of internet search. - U.S.
The Senate Finance Committee was not gentle with Donald Trump's HHS secretary, Robert F. Kennedy Jr., grilling him on his perspectives on vaccines and often catching him in contradictions. Jen Psaki shares highlights of some of Kennedy's more frustrating lies, and the efforts of senators to call him out.As Bill Pulte, director of the Federal Housing Finance Agency, levels accusations of mortgage fraud against Donald Trump's political enemies, a new report from ProPublica shows that three members of Trump's own Cabinet have the same kind of mortgages that are the basis for Pulte's fraud accusations against Democrats. Jen Psaki explains how the facts contradict Pulte's claims of non-partisanship.States that value science and data and good health are not waiting around for the Trump administration to come to its senses as long as Robert F. Kennedy Jr. is the Health and Human Services secretary, so they're taking the responsibility on themselves. Massachusetts Governor Maura Healey talks with Jen Psaki about how she is securing vaccine access for her state, and why states will have to do more on their own in the absence of federal leadership.
Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com
Jen Psaki shares samples of the gross, sycophantic fawning of Donald Trump's Cabinet members at a group meeting that leaves little wonder why Trump thinks "a lot of people say" he should be a dictator. His own Cabinet already treats him like one.Jen Psaki reports on Donald Trump's director of the Federal Housing Finance Agency, who is using his access to federal housing data to accuse Trump's political enemies of mortgage fraud, perhaps ignoring the irony that Trump is a notorious fraudster, or perhaps because of it. Senator Elizabeth Warren joins to discuss what the FHFA is meant to do, and what is really going on with Pulte's obeisance to Trump.Jen Psaki reports on the devastating poll results that have Donald Trump rightly concerned about Republican control of Congress after 2026, and which are likely why he is appointing wild election conspiracy theorist Heather Honey to be deputy assistant secretary for election integrity, and is begging states with Republican-controlled legislatures to help him rig voting districts.Iowa Democrat Catelin Drey breaks the state's Republican supermajority with a Senate special election win.
Trump is finding a handy enforcer in an unexpected place. Instead of focusing on the housing finance system, America's top housing regulator is honing in on Trump's political enemies. Bill Pulte is searching through property records looking for ways to accuse people (Senator Adam Schiff, NY AG Letitia James and Fed. Governor Lisa Cook) of mortgage fraud with the threat of a criminal investigation. How did Pulte's new job as the director of the Federal Housing Finance Agency and chair of Fannie Mae and Freddie Mac end up morphing into this attack dog position? Presidential historian and political analyst John Rothmann is back! We'll ask him about this and more. Trump is stopping key wind turbine projects at a time when spending on renewable energy is on the rise. We turn to eco-journalist Belinda Waymouth for “ It's the Planet, Stupid!” to find out why.
Federal Housing Finance Agency director Bill Pulte has led investigations into Senator Adam Schiff, New York Attorney General Leititia James, and the Federal Reserve's Lisa Cook for mortgage fraud. With a background a lot like Trump's—and a little like Mr. Beast's—who is Pulte? And what kind of damage could a vengeful FHFA director do? Guest: Rachel Siegel, reporter covering the economics of real estate and housing for the Washington Post. Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther. Learn more about your ad choices. Visit megaphone.fm/adchoices
Federal Housing Finance Agency director Bill Pulte has led investigations into Senator Adam Schiff, New York Attorney General Leititia James, and the Federal Reserve's Lisa Cook for mortgage fraud. With a background a lot like Trump's—and a little like Mr. Beast's—who is Pulte? And what kind of damage could a vengeful FHFA director do? Guest: Rachel Siegel, reporter covering the economics of real estate and housing for the Washington Post. Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther. Learn more about your ad choices. Visit megaphone.fm/adchoices
Federal Housing Finance Agency director Bill Pulte has led investigations into Senator Adam Schiff, New York Attorney General Leititia James, and the Federal Reserve's Lisa Cook for mortgage fraud. With a background a lot like Trump's—and a little like Mr. Beast's—who is Pulte? And what kind of damage could a vengeful FHFA director do? Guest: Rachel Siegel, reporter covering the economics of real estate and housing for the Washington Post. Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther. Learn more about your ad choices. Visit megaphone.fm/adchoices
Bill Pulte, the head of the Federal Housing Finance Agency, takes to social media to accuse Federal Reserve Governor Lisa Cook of mortgage fraud. Pulte has also made similar criminal referrals for Sen. Adam Schiff and New York Attorney General Letitia James. Aren't investigations supposed to happen before announcements, and didn't Donald Trump promise to end lawfare? Learn more about your ad choices. Visit megaphone.fm/adchoices
Federal Housing Finance Agency Director Bill Pulte discusses the investigation into Federal Reserve Governor Lisa Cook and what the mortgage fraud allegations mean for the future of the Fed. He is joined by Bloomberg's Romaine Bostick and Scarlet Fu.See omnystudio.com/listener for privacy information.
If you have a loan, then the latest episode of Making Cents of Money is for you! Learn how loan servicers play a key role in borrowers' financial lives and more! Show Notes: Government and Agency Reports: • Consumer Financial Protection Bureau. (2024, Apr 3). What happens if my loan servicer changes? Retrieved from https://www.consumerfinance.gov/ask-cfpb/what-happens-if-the-company-that-i-send-my-mortgage-payments-to-changes-en-215/ • U.S. Department of Education. (2023). Loan servicing information. Retrieved from https://studentaid.gov Laws and Regulations: • Real Estate Settlement Procedures Act (RESPA), 12 U.S.C. §§ 2601-2617. • Consumer Financial Protection Bureau. (n.d.). Real Estate Settlement Procedures Act (RESPA). Retrieved from https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/real-estate-settlement-procedures-act/ • Truth in Lending Act (TILA), 15 U.S.C. §§ 1601-1667f. • Consumer Financial Protection Bureau. (n.d.). 12 CFR Part 1026 – Truth in Lending (Regulation Z). Retrieved from https://www.consumerfinance.gov/rules-policy/regulations/1026/ Web Resources: • Federal Trade Commission. (n.d.). Your rights when paying your mortgage. Retrieved from https://consumer.ftc.gov/articles/your-rights-when-paying-your-mortgage • Federal Housing Finance Agency. (n.d.). About Fannie Mae & Freddie Mac. Retrieved from https://www.fhfa.gov/about/fannie-mae-freddie-mac Student Loans: • Federal Student Aid. (n.d.). Who's my student loan servicer? Retrieved from https://studentaid.gov/manage-loans/repayment/servicers • University of Illinois System Student Money Management Center (n.d.). Student loans. Retrieved from https://www.studentmoney.uillinois.edu/learn/studentloans • Student Loan Management #GetSavvy webinar recording on YouTube: https://youtu.be/_9duc7kvTqg?feature=shared
In his latest attack on the Fed, President Trump calling for Fed Governor Lisa Cook to resign. After the director of the Federal Housing Finance Agency, Bill Pulte, says the DOJ should look into possible mortgage fraud. Pulte joins the show with more on the accusations. Then wealthy investors loading up on alternative assets. Marathon Asset Management's Bruce Richards has more on the opportunities in private credit. And finally, a monster hit. Shares of Labubu-maker parent company ‘Pop Mart' soar on the back of results. It is just a fad or the start of a longer term trend?
US Home Prices Are Up... ...and so is consumer confidence despite the Fed Stubbornly refusing to lower interest rates The U.S. Federal Housing Finance Agency's (FHFA) recent report shows that while home prices were down .2% in the month of May but they are up 2.8% between May 2024 and May 2025 Separately, The Conference Board reported that its consumer confidence index rose 2 points from 95.2 in June to 97.2 in July all the while the Fed once again refused to lower interest rates at their July meeting interestingly, there were several rate decreases before the Presidential election and zero reductions since that time read into that what you want what all of this means to me is that the bottom hasn't, and won't be, falling out on home prices home values are on track to be up the 3% in 2025 that I predicted here before the start of the year and it we ever see an interest rate reduction it will likely push home values a little higher as home buyers monthly payments become a little lower listen in to today's show for my analysis of what is happening now in these areas
On this episode of the Real Estate Education Podcast, Aaron and James break down the return of 100% bonus depreciation for short-term rental investors, now made permanent under the new tax bill. They explain how this powerful tax strategy—often called the "STR loophole"—allows qualifying investors to accelerate depreciation deductions and offset their W2 income, potentially saving tens of thousands of dollars annually. Using real-world examples, they walk through the three key steps to implement this strategy and discuss why it's exclusive to STRs versus traditional long-term rentals. The hosts also explore a significant shift in mortgage lending: how the Federal Housing Finance Agency is directing Fannie Mae and Freddie Mac to include cryptocurrency assets in loan qualification processes. Drawing from recent industry reports showing 5.4% of homebuyers now sell crypto for down payments, they discuss the implications of treating volatile digital assets similarly to tech stocks in mortgage underwriting, while weighing the benefits for younger buyers against potential risks to financial stability. Reach Out: Interested in consulting with Erin? Email erin@erinspradlin.com Work with James: James@JamesCarlsonRe.com Also in this episode: Why bonus depreciation works for STRs but not traditional rentals (hint: it's about active vs. passive income) The difference between cost segregation studies and 100% bonus depreciation Real example of a Miami buyer who lost 12% of his crypto value during forced liquidation How crypto reserves compare to stock holdings in mortgage qualification The tension between supporting small business investors and addressing housing affordability Whether you're a high-income earner looking for tax relief, an STR investor wanting to maximize deductions, or curious about how cryptocurrency is changing real estate financing, this episode provides the insights you need. The hosts remind listeners that while they may have political reservations about some tax policies, understanding and legally utilizing available strategies remains important for individual financial success. Subscribe, leave a review, and follow us on YouTube and Spotify for weekly real estate education content.
Are you dreaming of buying your home one day but your credit hasn't been cooperating? Well great news! In a historic decision, the Federal Housing Finance Agency, the parent authority over Fannie Mae and Freddie Mac, has recently announced they are accepting VantageScore 4.0 to be accepted! Up until now, only FICO models were acceptable. This change could help millions more show up on paper in a way that leads to loan approval, where in the past they may have experienced scores too low or credit too thin for approval. This is a GAME CHANGER and truly exciting!Questions@creditkristi.com
As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte, Trump's Director of the Federal Housing Finance Agency, is demanding the Fed force down interest rates to restart the unsustainable boom.Original article: https://mises.org/mises-wire/bid-ask-spread-housing-and-pultes-law
As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte, Trump's Director of the Federal Housing Finance Agency, is demanding the Fed force down interest rates to restart the unsustainable boom.Original article: https://mises.org/mises-wire/bid-ask-spread-housing-and-pultes-law
The Federal Housing Finance Agency is pushing Fannie Mae and Freddie Mac to prepare for a future where cryptocurrency could play a role in mortgage lending. In this episode, Kathy Fettke breaks down what crypto-backed mortgages might look like, the opportunities they could create for nontraditional borrowers, and the risks that have lenders asking tough questions. Will digital assets reshape the path to homeownership—or is this just a speculative idea? Tune in to find out what this move could mean for the housing market, investors, and the future of real estate finance. JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1 FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS SOURCE: https://www.housingwire.com/articles/fhfa-cryptocurrency-in-mortgages-lenders-have-questions-fannie-freddie-non-qm/
MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong
Under the Trump administration, the Federal Housing Finance Agency is pushing forward a policy that would let homebuyers list crypto holdings in mortgage applications—no conversion to cash required. It’s a bold departure from the norm. For years, digital assets have been sidelined in mortgage underwriting due to their price swings and regulatory uncertainty. But with Fannie Mae and Freddie Mac now tasked with exploring this path, the big questions loom: Why the shift now—and what could it signal for crypto’s future in traditional finance? On Wealth Tracker, Hongbin Jeong speaks to Valentin Fournier, Digital Asset Analyst at BRN, to find out more about what this means for the crypto market.See omnystudio.com/listener for privacy information.
Former employees of the General Services Administration's 18F digital tech consultancy team filed an appeal Wednesday challenging their alleged wrongful termination and the “targeted” shuttering of the program by the Trump administration's Department of Government Efficiency earlier this year. The employees, represented by the law firm Mehri & Skalet, submitted a class-action appeal with the U.S. Merit Systems Protection Board to request a hearing and have their removal reversed. Former 18F leaders Lindsay Young, Miatta Myers, Christian Crumlish, James Tranovich and Kate Fisher are named as appellants, representing that larger class of about 80 terminated permanent and term employees from the team who served for more than a year. The group claims that GSA — along with the Office of Personnel Management, DOGE and the Office of Management and Budget — lacked a “valid reason … for the [reduction in force] targeting 18F” that took place Feb. 28, and claimed the action was a result of “retaliation.” Fannie Mae, the government-sponsored enterprise overseen by the Federal Housing Finance Agency, is enlisting data analytics giant Palantir in a new partnership aimed at cracking down on mortgage fraud. Under the agreement, Palantir's technology will be deployed to uncover fraud in mortgage packages before they reach Fannie Mae. Priscilla Almodovar, president and chief executive officer of Fannie Mae, said the tech will allow the organization “to see patterns quicker.” “We're going to be able to identify fraud more proactively, as opposed to reactively,” Almodovar said during a press conference Wednesday in Washington, D.C. “We're going to be able to understand the fraud and stop it in its tracks. And I think over time, this really becomes a deterrent for bad actors, because we're creating friction in the system when they do bad things.” FHFA Director Bill Pulte, who also serves as chairman of the Fannie Mae board, said the financial crimes division that monitors Fannie Mae and Freddie Mac “is only able to root out crime that it gets made aware of.” Palantir's red-flag approach, meanwhile, tips off those investigators to conduct probes they otherwise might not have known to launch.Almodovar recalled an exercise where Palantir's technology was given four actual loan files to assess. The tech, she said, scoured the “reams of paper” and identified instances of fraud in 10 seconds. The same exercise could take human investigators roughly two months. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.
The Consumer Financial Protection Bureau is set to withdraw a Biden-era rule aimed at cracking down on data brokers and their selling of Americans' personal and financial information. In a notice in the Federal Register, the CFPB said legislative rulemaking on the data broker industry “is not necessary or appropriate at this time,” and the agency does not plan to “take any further action” on the proposal. The notice was issued by Russell Vought, acting director of the agency, head of the Office of Management and Budget and a Project 2025 architect. The withdrawal of the rule, which was first reported by Wired, comes after President Donald Trump's initial nominee to lead the CFPB signaled to Congress in February an openness to continuing Biden administration data-broker rules. Jonathan McKernan, a former Treasury Department and Federal Housing Finance Agency staffer, told the Senate Banking Committee that Rohit Chopra — President Joe Biden's CFPB director — “was onto something” with his policies targeting data brokers and data aggregators. The CFPB's withdrawal notice took particular issue with the rule's focus on the Fair Credit Reporting Act, saying that the proposal was “not aligned with the Bureau's current interpretation of the FCRA, which it is in the process of revising.” The Senate on Wednesday voted 54-43 to confirm businessman Emil Michael as undersecretary of defense for research and engineering and the Pentagon's chief technology officer. In that position, Michael will serve as the primary advisor to the secretary of defense and other Defense Department leaders on tech development and transition, prototyping, experimentation, and management of testing ranges and activities. He'll also be in charge of synchronizing science and technology efforts across the DOD. Michael comes to the job from the private sector, where he's been a business executive, advisor and investor. He told members of the Senate Armed Services Committee that he's been involved with more than 50 different tech companies during his career. Perhaps most notable, from 2013 to 2017, he was chief business officer at Uber. In government, he previously served as special assistant to the secretary of defense when Robert Gates was Pentagon chief. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.
Steve, Todd, and Aaron had the immense privilege of visiting the White House as part of President Trump's First 100 Days commemoration. Steve interviewed Ronald Vitiello, Customs and Border Protection senior adviser, about the state of the border and what's next in the fight to restore the nation's sovereignty. Bill Pulte, director of the Federal Housing Finance Agency, joined Steve to discuss why a multitrillion-dollar government agency had nobody actually at work. Then, White House Deputy Communications Director Kaelan Dorr joined the program to discuss the multifaceted, flood-the-zone strategy of the communications team and what they're working on next. Finally, Steve and the crew found Superman wandering around; Dean Cain joined the program to talk about why he's in D.C., the state of American storytelling, and his hopes for the upcoming James Gunn "Superman" adaptation.. RELIEF FACTOR: VISIT https://www.relieffactor.com/ OR CALL 800-4-RELIEF KEKSI: https://www.keksi.com/ use promo code DEACE15 BACKYARD BUTCHERS: https://www.backyardbutchers.com/pages/deace JASE MEDICAL: https://jasemedical.com/ and enter code “DEACE” at checkout for a discount on your order BIRCH GOLD: Text STEVE to 989898 Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of The Consumer Finance Podcast, Chris Willis is joined by Troutman Pepper Locke colleagues Lori Sommerfield and Lane Page to dissect two unexpected fair lending developments under the new Trump administration. First, we unpack the Consumer Financial Protection Bureau's (CFPB) surprising move to vacate its own redlining consent order with Townstone Financial, Inc. We then analyze the Federal Housing Finance Agency's (FHFA) dramatic policy shift requiring two government sponsored enterprises (GSEs, namely Fannie Mae and Freddie Mac) to terminate special purpose credit programs (SPCPs), as well as the broader implications for mortgage lenders. Join us for the twists and turns of this evolving fair lending regulatory landscape and learn what steps institutions should consider taking to mitigate risks.
In this week's Real Estate News Brief, Kathy Fettke dives into the February PCE inflation numbers, and what they mean for the real estate market. Kathy also breaks down major housing policy changes under the new Federal Housing Finance Agency director, Bill Pulte, including the rollback of key Biden-era policies. Plus, we discuss the latest mortgage application trends, with insights on refinancing, purchase applications, and interest rate movements. 00:00 Real Estate News Brief 00:30 PCE Data 01:53 Bill Pulte's Policy Changes 03:28 Mortgage Application LINKS JOIN RealWealth® FOR FREE https://realty.realwealth.com/join SYNDICATIONS: Wild Pine San Antoniohttps://realwealth.com/wildpine FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN Sources: 1. https://www.scotsmanguide.com/news/fhfas-pulte-rescinds-a-series-of-biden-era-housing-policies/? 2. https://www.bardowninvestments.com/pce-inflation 3. https://www.cnbc.com/2025/03/28/pce-inflation-february-2025-.html 4. https://www.scotsmanguide.com/news/mortgage-applications-decrease-in-the-mbas-latest-weekly-survey/?
The newly confirmed head of the Federal Housing Finance Agency, Bill Pulte, says he has no plans to lower the conforming loan limit — meaning Fannie Mae and Freddie Mac will continue backing mortgages up to $806,500. We'll break down what conforming loans are, why this limit matters, and how it ties into the Trump administration's plans to shrink the federal government's role in housing. Then, we unpack Zillow's latest rental report: rents are rising again, with multifamily units now outpacing single-family homes for the first time since 2024. But with affordability stretched and rent concessions stabilizing, is the rental market about to get tighter? Zillow Rent Report: https://www.zillow.com/research/february-2025-rent-report-34944/ 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
(previously aired, had the wrong hearing) Troy Edgar for Deputy Secretary of Homeland Security Senate Confirmation Hearing: John Phelan for Secretary of the Navy Senate Confirmation Hearings: Stephen Miran for Chairman of the Council of Economic Advisers, Jeffrey Kessler for Under Secretary of Commerce for Industry and Security, William Pulte for Director of the Federal Housing Finance Agency, and Jonathan McKernan for Director of Bureau of Consumer Financial Protection Senate Confirmation Hearing: Keith Sonderling for Deputy Secretary of Labor President Trump's Bilateral Meeting with UK Prime Minister Keir Starmer Hearing continued for Keith Sonderling President Trump's joint Press Conference with UK PM Keir Starmer Hearing completed for Keith Sonderling
U.S. President Donald Trump and British Prime Minister Keir Starmer meet at the White House on Thursday. Starmer is the second European leader to meet Trump this week following French President Emmanuel Macron.Trump has threatened to double tariffs on China. An initial 10 percent tariff on Chinese goods went into effect earlier this month. He said the 25% tariffs on Mexican and Canadian goods would go into effect on March 4, as planned.Several of Trump's economic picks faced questions at a Senate confirmation hearing. Jonathan McKernan, nominated to lead the Consumer Financial Protection Bureau, testified before the Senate Banking Committee on his selection. Alongside McKernan, the panel also considered the nomination of Bill Pulte as head of the Federal Housing Finance Agency.
Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureThe country is now preparing for the rate cut, the fake news and the corrupt politicians will push the narrative that the economy is incredible. It will be for a couple of weeks, then the economy will begin to have problems and the market show signs of weakness. Rig for Red.The evidence is now coming out, the people are learning that the [DS] is involved in sex trafficking, child trafficking pedophilia, blackmail etc. There is now panic in DC. Trump will release the declas that will confirm it all. Trump lets the [DS] know that the election will be to big to rig, they can try but they will realize they will not be able to cheat with the ballots. Trump sends another warning about election manipulation. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1835807046718960076 listings, elevated interest rates, and extremely high prices. Many buyers are waiting for borrowing costs to decline which has resulted in a stagnant market. This “lock-in effect” prevented the sale of about 1.7 million homes between Q2 2022 and Q2 2024, according to the Federal Housing Finance Agency. Everyone is waiting for lower rates. 4736 Sep 17, 2020 5:02:29 PM EDT Q !!Hs1Jq13jV6 ID: 30d223 No. 10685518 RIG FOR RED. Q Political/Rights https://twitter.com/LizCrokin/status/1835996613321322699 Tom Pritzker is the chairman and owner of the Hyatt Hotels Corporation. He was close with Epstein and allegedly raped Virginia Giuffre after Epstein trafficked her to him. Now get this: Last year I reported Pritzker had a scheduled meeting with Epstein and Bill Gates at the same Park Hyatt Hotel in New York City in 2014. You know what they say, fate loves irony! As I've been saying, Diddy is tied to Epstein and his alleged sex trafficker Rachel Chandler. Diddy's arrest is way bigger than you can imagine — it's the one domino that can take down the whole diseased house of cards! https://twitter.com/deluxe_pepe/status/1835997869372833860 https://twitter.com/FedupWithSwamp/status/1836007550333927514 https://twitter.com/qaggnews/status/1836102075417268351 https://twitter.com/718Tv/status/1835831012644810864 https://twitter.com/DonaldJTrumpJr/status/1836031722300813658 https://twitter.com/RichardGrenell/status/1836053289495900601 https://twitter.com/tomselliott/status/1836025152229822659 (likely orchestrated by anti-Trump apparatchiks) 5) Media keep flooding the zone w/ the original fake news anyway Stats: As you can see from the first chart, the corporate media spent at least 350 hours circulating the "bomb threats" story (note that these "bomb threats" reference came amidst a mention of "Trump"). Last night, Ohio Gov. DeWine announced the bomb threats were all hoaxes. And yet as of this morning, only 3 hours were spent last night announcing the hoax (vs. 35 hours yesterday discussing the original "bomb threats" story), and thus far today only 1 hour announcing they were hoaxes, vs. another 11 hours circulating the original fake news. https://twitter.com/realchrisrufo/status/1836081974613815363 https://twitter.com/EndWokeness/status/1835823860895404062 Butler County, Ohio Sheriff Richard Jones Sounds the Alarm on Invasion of Illegals: “Every State Is a Border State” In a fiery speech released last week to the people of Butler County, Sheriff Richard Jones didn't mince words about the growing illegal immigration crisis. Pointing specifically to nearby Springfield, Ohio, the sheriff warned of a quiet invasion that threate...
President Joe Biden is taking decisive action to address the skyrocketing housing costs faced by millions of Americans. In a major announcement, the president called on corporate landlords to cap rent increases at 5 percent and unveiled plans to make more public land available for housing. These measures aim to make renting more affordable and create additional housing units. To achieve this, the president is urging Congress to pass legislation that would give corporate landlords the choice to either limit rent increases on existing units or risk losing valuable federal tax breaks. The proposal would ensure that rent increases are kept at a reasonable level, providing relief for struggling renters. Across the country, the administration is rolling out several other measures, including calling on Congress to support the Biden-Harris housing plan that would build over two million homes and provide thousands in mortgage relief. In addition, the Federal Housing Finance Agency is also taking action. For a list of these measures, you can visit whitehouse.gov. Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode 711: On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Mike Gerber, president and CEO of Builders Mutual, about the company's creative approach to improve jobsite safety for construction workers and employees. Builders Mutual's Jobs-Site Safety Institute has been recognized as the 2024 overall winner of NAMIC's Award in Innovation.
Episode 707: The insurance industry plays a vital role in our financial security and societal progress. Yet, translating innovative ideas into real impact can be a challenge. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Phil Budden, senior lecturer at the Massachusetts Institute of Technology, about the critical link between innovation and the well-being of insurance companies and the communities they serve.
A few days ago, an article appeared in the Financial Times revealing that "Last month, the government-sponsored mortgage finance agency Freddie Mac filed a proposal with its regulator, the Federal Housing Finance Agency, to enter into the secondary mortgage market, otherwise known as home equity loans" The article's author, Meredith Whitney, claims that if approved, this "could begin to unleash almost $1tn into consumers' wallets. By the autumn, it could be on its way to $2tn." That would be a tremendous stimulus to the economy. But is it a good idea? Putting aside for a moment concerns of its potential inflationary impact, the Global Financial Crisis was a credit crisis triggered by bad housing loans. Would allowing the government-sponsored entities like Freddie Mac to unleash a flood of new loans risk repeating the sins of the past? For answers, we're fortunate to turn to mortgage lending expert & housing analyst Melody Wright. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #housingmarket #homeequity #mortgageloans
Aaron Klein, senior fellow at the Brookings Institution, and Mark Calabria, former director of the Federal Housing Finance Agency, debate the best way to address the housing crisis, as well as the dangers of politicizing banking regulation, whether the Fed is too worried about consensus, if the central bank is secretly working on a central bank digital currency and who should play The Sphere next.
Mark Calabria, former director of the Federal Housing Finance Agency, and Aaron Klein, senior fellow at the Brookings Institution, discuss how politics factors into the Fed's monetary policy decisions, decry the rescue of uninsured depositors last year, debate how to fix liquidity rules and weigh in on revamping the FHLBs.
James Lockhart, former (and first) Director (CEO) of the Federal Housing Finance Agency, author of the award- winning book “America: Underwater and Sinking”, and is currently Senior Fellow of the Bipartisan Policy Center. Housing Crisis - Nearly every state in the U.S. is currently facing an affordable housing crisis
Inside Economics welcomes back Mark Calabria, the former director of the Federal Housing Finance Agency. We discuss the current housing affordability crisis and what policymakers should do to address it, the FHFA's response to the COVID-19 pandemic, and the risks posed by nonbank mortgage companies. The group also takes up the role of the Federal Home Loan Banks. Plenty of debate, and even some agreement.For more info on Mark CalabriaFor more info on Mark Calabria's book, Shelter from the Storm, click hereFollow Mark Zandi @MarkZandi, Cris deRitis @MiddleWayEcon, and Marisa DiNatale on LinkedIn for additional insight.
The multiyear effort to change the credit scoring models required by Fannie Mae and Freddie Mac continues to move forward, and mortgage lenders, credit officers and compliance professionals need to know the latest developments. On the latest episode of the ABA Banking Journal Podcast, ABA VP Sharon Whitaker provides an update. Among other topics, Whitaker discusses: The operational challenges of moving from today's tri-merge system to merging just two credit reports. How FICO 10T and VantageScore 4.0 differ from credit scores in use today. Why rushing the transition might be counterproductive to the initiative's financial inclusion goals. The role of core platforms and other technology vendors in supporting the transition. What may happen in the Federal Housing Finance Agency makes the change but the Federal Housing Administration, Veterans Administration and others don't. Why the industry needs to see data on how the new credit scoring models would perform, and how banks can get involved in sharing feedback with FHFA. **** Learn more about the credit score transition at the American Mortgage Conference, April 15-17 in Savannah, Georgia. Contact Sharon Whitaker to join ABA's working group on the issue.
Teresa Bazemore, CEO of the San Francisco Federal Home Loan Bank, joins the podcast to discuss the nation's reeling housing market, and the role of the FHLB system. There's a lot to talk about as Teresa weighs recent criticism of the FHLBs in the wake of the banking crisis earlier this year, and the recent report from the FHLBs' regulator, the Federal Housing Finance Agency, proposing reforms to the system.For more information about Teresa Bazemore click hereMoody's Papers discussed in this episode click here and hereFollow Mark Zandi @MarkZandi, Cris deRitis @MiddleWayEcon, and Marisa DiNatale on LinkedIn for additional insight.
We went to the HousingWire Annual where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. If you are in the industry or are interested in getting in the industry, this is a must-watch episode for you! There are so many takeaways that I am going to share with you. The speakers were phenomenal, Logan Mohtashami - Lead Analyst HousingWire, Sandra Thompson - Director of Federal Housing Finance Agency, Mike Simonsen - President of Altos Research, Frank Martell - President and CEO of loanDepot, and René Rodriguez - Keynote Speaker, Best-Selling Author. I have learned so much from the speakers and I had a great time seeing my friends in the industry again. 04:00 - Top Takeaways! 06:40 - The FEDs need to land the damn plane! 09:00 - Lay-offs on the horizon 14:27 - 20% down is Not Possible for an Average Person 18:06 - Brace Yourselves for the Next 6-8 months ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #sandiegorealestate #realestateinvestor #success #successmindset #investingtips #housingwire --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support
Ralph welcomes the CEO of the National Cooperative Bank, Casey Fannon to discuss his bank's work serving cooperatives and other member-owned organizations. The NCB helps finance affordable housing, healthy food, renewable energy, small businesses, community-driven health care, and non-profit organizations and generally advises cooperatives around the country on how to build and grow. Plus, Ralph talks a little more about the Trump indictments and responds to some of your feedback.Casey Fannon is President and CEO of National Cooperative Bank, a leading financial services company dedicated to providing banking products to cooperatives and socially responsible organizations nationwide.Access to capital is one of the major stumbling blocks for any small business, but particularly small cooperative and new, young cooperatives.Casey FannonThere's a small tent view of cooperatives and a large tent view of cooperatives. And I think that by focusing on the big tent…allows for a better NCB. I think NCB is better, and I think our consumer cooperatives are better off that we are tied into the cooperative ecosystem in a more fulsome way.Casey FannonIn Case You Haven't Heard with Francesco DeSantis1. The progressive, Wisconsin-based legal group Law Forward has filed a brief with the Wisconsin Supreme Court alleging that the state's legislative maps violate the state constitution due to rampant partisan gerrymandering. Not only are the petitioners demanding new legislative maps, they are also calling on the court to cut all existing senate terms short. In practice, this would mean the entire legislature would be up for election in 2024. This could mean a political sea-change in the Badger State.2. The LA Times reports that AOC, along with ten other progressive members of Congress, are planning to visit Latin American nations led by Leftist governments, in order to “learn from our counterparts in these countries, including how to confront disinformation and violent threats to our democracies.” She went on to add “It's long past time for a realignment of the United States' relationship to Latin America…The U.S. needs to publicly acknowledge the harms we've committed through interventionist and extractive policies, and chart a new course based on trust and mutual respect.”3. In a win for workers, the Department of Labor has issued a rule on the Davis-Beacon Act, which “sets a wage floor for construction workers on public-works projects,” per the American Prospect. This law is also known as the “prevailing wage,” law as it sets benchmarks for wages in a given area. This rule could have major positive ramifications for workers as President Biden's infrastructure package and the CHIPS Act are put into action. This New Deal era labor rule was significantly weakened under the Carter and Reagan administrations, and labor groups have been pushing for its restoration ever since. The article notes however that “the rule…is expected to be immediately challenged,” with the Associated Builders and Contractors trade group poised to file a lawsuit as early as next week.4. In more labor news, the Washington Post reports that 11,000 Los Angeles city employees joined the writers, actors, and hotel employees in a one day strike to “shut down the city of Los Angeles,” according to David Green, executive director and president of SEIU Local 721. Green added “The message we're sending is that our workers are just fed up. They've reached a breaking point. And we need these folks in the city to come back to the table for the good of the city.”5. VICE reports that a group of 32 economists have sent a letter to the Federal Housing Finance Agency in support of rent control. This is the latest tactic in a campaign led by People's Action. The article notes that “Economists have historically been the strongest critics of rent control,” but, like on the issue of minimum wage “some economists believe the orthodoxy on the topic has been contradicted by research and real-world examples.”6. The climate focused news site Heatmap reports that the Department of Energy is launching a new procurement program focused on technology to “remove carbon dioxide directly from the atmosphere.” Notably, while agencies have “previously granted money to carbon-removal companies, funded R&D, or subsidized their activities, it has never pledged to buy their services directly.” Utilizing the government's purchasing power to effect changes in society more broadly has been done before, perhaps most famously with automobile airbags, following the advocacy of Ralph Nader. 7. A new report on 90 year-old Senator Dianne Feinstein in the New York Times covers the legal battle between her daughter and her step-daughters over her late husband's estate. Buried in this report is a startling fact – Senator Feinstein's daughter holds power of attorney over her mother's legal affairs. It is disturbing to think that a person incapable of managing their own legal affairs is one of only two Senators representing 40 million people in the upper house of Congress.8. DCist reports that the Washington, D.C. Democratic Party is suing to prevent ranked choice voting and open primaries from appearing as ballot measures in next year's elections. D.C. Democratic Party officials have claimed these reforms would disenfranchise voters, with one opponent even calling ranked choice voting “electoral gentrification.” Implicit in these criticisms is the fact that the overwhelming power of D.C.'s Democratic Party may be challenged somewhat by these reforms, opening electoral space for independents or other parties.9. The tech website Stackdiary reports that the ubiquitous teleconferencing app Zoom has quietly added sinister new sections to their terms of service. Put simply, sections 10.2 and 10.4 explicitly allow for the company to collect user data and “use this data for machine learning and artificial intelligence, including training and tuning of algorithms and models…effectively allow[ing] Zoom to train its AI on customer content without providing an opt-out option.”10. The American Prospect reports that a bipartisan group of Senators, led by Senators Dick Durbin of Illinois and Roger Marshall of Kansas, are championing the Credit Card Competition Act, which aims to crack down on credit card swipe fees by “forc[ing] card issuers…[like] (Visa and Mastercard) to enable competitor networks to manage the processing and routing—the service for which swipe fees are levied.” Panicked by these developments, “shadowy right-wing groups have been issuing mailers and other advertisements claiming the [the bill] is a liberal handout for “woke” big-box retailers like Target. One set of mailers was bankrolled by the Conservative Accountability Foundation, a newly formed organization based in Sen. Marshall's home state of Kansas but without a listed address or phone number.” In other words, corporations and their political front groups are pushing the culture war button to avoid consumer protection regulation. What else is new. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe
Tobias Peter—Research Fellow & Assistant Director of the American Enterprise Institute's Housing Center—joins The Rich Zeoli Show to discuss an editorial he co-authored with Edward Pinto, “Biden Courts Another Mortgage Crisis.” Peter and Pinto write: “The Biden administration is making moves that could imperil the safety of the housing finance system. Recent mortgage pricing changes, which have generally decreased fees for borrowers with lower credit scores and increased fees for those with higher scores, have rightly garnered public outcry, but they are the tip of the iceberg. The administration's other changes require just as much attention, particularly since the reigning mantra of the White House is to strengthen ‘racial equity and support for underserved communities'—regardless of who gets hurt or how much it costs. Missed in the debate about loan-level pricing changes is that the Federal Housing Finance Agency already distorts the riskiness of loans it originates, and ultimately taxpayers are on the hook for those loans.” You can read the full editorial here: https://www.wsj.com/articles/biden-courts-another-mortgage-crisis-federal-housing-finance-agency-mortgage-loans-risk-2008-homeownership-fe752269?mod=opinion_lead_pos7
The Rich Zeoli Show- Hour 2: Tobias Peter—Research Fellow & Assistant Director of the American Enterprise Institute's Housing Center—joins The Rich Zeoli Show to discuss an editorial he co-authored with Edward Pinto, “Biden Courts Another Mortgage Crisis.” Peter and Pinto write: “The Biden administration is making moves that could imperil the safety of the housing finance system. Recent mortgage pricing changes, which have generally decreased fees for borrowers with lower credit scores and increased fees for those with higher scores, have rightly garnered public outcry, but they are the tip of the iceberg. The administration's other changes require just as much attention, particularly since the reigning mantra of the White House is to strengthen ‘racial equity and support for underserved communities'—regardless of who gets hurt or how much it costs. Missed in the debate about loan-level pricing changes is that the Federal Housing Finance Agency already distorts the riskiness of loans it originates, and ultimately taxpayers are on the hook for those loans.” You can read the full editorial here: https://www.wsj.com/articles/biden-courts-another-mortgage-crisis-federal-housing-finance-agency-mortgage-loans-risk-2008-homeownership-fe752269?mod=opinion_lead_pos7 On June 16th, the Los Angeles Dodgers will be hosting the Sisters of Perpetual Indulgence—a far-left, self-described LGBTQ+ affiliated group that has gained notoriety by mocking Catholics. Target has begun removing “LGBTQ+” related merchandise from its stores and websites. The retail corporation received backlash after selling children's swimsuits that promise to “bind” and “tuck”—appealing to trans-kids.
The Rich Zeoli Show- Full Episode (05/24/2023): 3:05pm- According to reports, Florida Governor Ron DeSantis has officially filed to run for president in 2024. On Wednesday night, Gov. DeSantis is expected to formally announce his candidacy during a live-streamed interview on Twitter with billionaire Elon Musk. 3:15pm- According to polling organizations like CNN, Quinnipiac, and Harvard-Harris which have recently measured support among Republicans in the 2024 Presidential Primary, former President Donald Trump currently leads Florida Governor Ron DeSantis by 27% or more. Can DeSantis catch Trump? 3:40pm- Music legend Tina Turner has died at age 83. 3:45pm- Reacting to Gov. Ron DeSantis' presidential announcement taking place on Twitter, CNN analyst Sara Fischer warned that this is a “scary time” for Rupert Murdoch and Fox News. 3:50pm- Henry ruins The Rich Zeoli Show tribute to Tina Turner…PLUS will Ron DeSantis' presidential campaign announcement be boring? It could be more exciting than most people are expecting—because Elon Musk has proven repeatedly that he is capable of doing/saying anything. 4:05pm- Tobias Peter—Research Fellow & Assistant Director of the American Enterprise Institute's Housing Center—joins The Rich Zeoli Show to discuss an editorial he co-authored with Edward Pinto, “Biden Courts Another Mortgage Crisis.” Peter and Pinto write: “The Biden administration is making moves that could imperil the safety of the housing finance system. Recent mortgage pricing changes, which have generally decreased fees for borrowers with lower credit scores and increased fees for those with higher scores, have rightly garnered public outcry, but they are the tip of the iceberg. The administration's other changes require just as much attention, particularly since the reigning mantra of the White House is to strengthen ‘racial equity and support for underserved communities'—regardless of who gets hurt or how much it costs. Missed in the debate about loan-level pricing changes is that the Federal Housing Finance Agency already distorts the riskiness of loans it originates, and ultimately taxpayers are on the hook for those loans.” You can read the full editorial here: https://www.wsj.com/articles/biden-courts-another-mortgage-crisis-federal-housing-finance-agency-mortgage-loans-risk-2008-homeownership-fe752269?mod=opinion_lead_pos7 4:25pm- On June 16th, the Los Angeles Dodgers will be hosting the Sisters of Perpetual Indulgence—a far-left, self-described LGBTQ+ affiliated group that has gained notoriety by mocking Catholics. 4:45pm- Target has begun removing “LGBTQ+” related merchandise from its stores and websites. The retail corporation received backlash after selling children's swimsuits that promise to “bind” and “tuck”—appealing to trans-kids. 5:05pm- The Drive at 5: While appearing on Fox News with Dana Perino, women's cycling champion Hannah Arensman announced her retirement from the sport following a devastating loss to a biological male in a recent women's competition. 5:15pm- While speaking at a House Oversight hearing, Rep. Cori Bush (D-MO) outlandishly claimed that gas stoves were killing people—including many of her constituents. The progressive congresswoman seemingly called for a ban on gas stoves…while defiantly emphasizing “this is not a ban on gas stoves!” 5:30pm- According to a hidden camera interview with a Special Assistant for Sen. John Fetterman (D-PA), the senator would be “okay with…overturning the second amendment.” The interview was conducted by O'Keefe Media Group. 5:45pm- Last week, several Federal Bureau of Investigation (FBI) whistleblowers testified before a House Select Subcommittee on the Weaponization of the Federal Government. The hearing addressed alleged abuses of power by leadership within the FBI. In his opening statement, Rep. Jim Jordan (R-OH) warned the FBI whistleblowers that following their testimony before Congress they would likely be improperly targeted by elements of the federal government—citing Matt Taibbi as an example of what could happen. Four days after testifying before Congress, Internal Revenue Service officers alarmingly showed up to the home of independent journalist Matt Taibbi. 6pm: BREAKING NEWS: Florida Governor Ron DeSantis formally announces his candidacy for U.S. President during a live-streamed interview on Twitter Spaces alongside billionaire Elon Musk and PayPal co-founder David Sacks. Unfortunately, the announcement was plagued with technical issues—taking nearly twenty-minutes to sort out the problems before DeSantis was able to speak. Will this less-than-ideal launch have a lasting impact on his campaign?
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