How Do High Home Mortgage Rates Affect Families and Banks? | LPP 62 w Dory Wiley

​Click below to watch the episode and read on for show notes:

​We discuss:
1) Why he believes an economic bust is coming based on lending activities and economic indicators, and where there's corruption in the banking industry;
2) How high home mortgage rates after low rates during the pandemic are restricting supply, and how this affects the housing market; and
3) How the U.S. can rebuild its waning creditworthiness by Congress balancing the budget and putting taxpayer dollars to better use, and his thoughts on the Teacher Retirement System of Texas.
Dory’s bio:

• Dory A. Wiley is President & CEO of Commerce Street Holdings, LLC, the holding company for Commerce Street Capital, LLC (“CSC”), a FINRA member broker/dealer and Commerce Street Investment Management, LLC (“CSIM”), an SEC-registered investment advisor. Since co-founding the firm in 2007, his primary focus has been the creation and management of investment funds that specialize in financial institutions and related derivatives.
  
• Mr. Wiley serves on the Boards and Investment Committees of CSIM’s investment funds. He formerly served as a member of the Board of Trustees of the Teacher Retirement System of Texas, an approximately $100 billion pension fund where he was Chairman of the Investment Committee.
  
• Mr. Wiley has over 20 years of experience in commercial and investment banking and investment management. Prior to his current position with Commerce Street, Mr. Wiley was President of SAMCO Capital Markets, LLC, which he joined in August, 1996. Prior to SAMCO, he was Vice President and Manager of the Financial Institutions Group at Rauscher Pierce Refsnes, now RBC Capital Markets.
  
• Mr. Wiley often lectures on bank-related topics for universities, seminars and conferences. He has testified as an expert witness on bank and securities valuations, has written articles for various banking periodicals and has been quoted extensively in the media. He is a member of the AICPA, Texas Society of CPAs, the Dallas Society of Financial Analysts, the National Association of Certified Valuation Analysts, and the CFA Institute. He also serves on several charitable boards.
  
• Mr. Wiley received a BBA in Finance and Accounting from Texas Tech University, and an MBA from Southern Methodist University.
  
• Mr. Wiley is a registered representative and has passed the FINRA Series 7, 24, 63 and 65 examinations.
  

You can watch this episode and others along with my Let People Prosper Show on YouTube or listen to it on Apple Podcast, Spotify, Google Podcast, or Anchor. Please share, subscribe, like, and leave a 5-star rating!
For show notes, thoughtful insights, media interviews, speeches, blog posts, research, and more, please check out my website (www.vanceginn.com) and subscribe to my newsletter (www.vanceginn.substack.com), share this post, and leave a comment.