councillleak

I work in tech Financial Services, and focus specifically on the compliance of eSigning of financial assets.

The FHLBs are a thorn in our side, because while they do generally understand the compliance of accepting eNotes of conforming residential mortgages that are registered on the MERS eRegistry, they seem to have no idea that there are similar security concerns of accepting other collateral types that have been eSigned.

For our perspective, as a technology company that has expertise in eVaulting of all different asset types including Equipment Finance, Commercial Real-Estate, and Ag loans... The FHLBs today are exposed to huge risk of not being able to perfect on the collateral pledged to them that has been eSigned without a complaint vault to hold the Authoritative Copy of the loan/lease as defined by UCC Article 9-105.

How would you recommend we approach the FHLBs to educate them on the risk of fraud, specifically double pledging and other nefarious activities, so that they can promote better lending practices as all types of lenders shift away from wet-signed assets and adopt eSignature without understanding the complexities of doing so compliantly?

I have some background in information security, and I love the kind of stories that make me think "wow this company was so incompetent at basic security protocols that they almost deserved to be stolen from."

For example the Target HVAC hack, it's just insane that a company as massive as Target didn't have their payment systems siloed off from other less sensitive systems. Do you have any other good examples of gross incompetence that lead to an exceptionally easy "heist"?

What do you propose instead? Outlaw renting so that you are homeless until you can save at least $200k to buy your own land and build a house on it yourself?

Hold up, so you imply that the church in some extreme circumstances to this day (or at least relatively recently) has deemed people to be possessed and will attempt to preform real exorcisms?

Can you or anyone else elaborate on what factors the church would evaluate to meet this criteria:

absolute certainty that there is no mental health explanation for whatever might be happening before turning to the spiritual.

Additionally, if an exorcism is preformed, what are the standards for success? Do they really "work"? At least in the Church's own eyes, not looking for a Psychologist's interpretation of what's going on during exorcisms. And what happens to people if the exorcism "doesn't work"?

In my area, Raleigh NC, it seems like the only new apartment complexes being built are large "luxury" buildings that are not very affordable yet also not actually that high-end. These buildings will contain 100-500 units that are in the mid-tier in terms of pricing say like $1600/month for a one bed room, $2200/month for a two bedroom.

I know this isn't reasonable for someone working minimum wage, but doesn't that increase in supply of mid-range housing lead to some people living in very cheap places to upgrade and create more available affordable housing?

I see a lot of people protesting the idea of only building new mid-range complexes, they say there should be new affordable housing built instead. There just isn't much incentive for developers to do that since they can spend a tiny bit more during construction to make the units more desirable and can charge a lot more in rent.

Would you put policies in place that demand more new affordable housing be built? Or let the economic forces that lead towards new development being in the mid-range to luxury be the majority of new development continue, and thus increase the supply of housing overall which may lead to more existing low end housing opening up for those who can't afford the mid-tier new units?