Texas Capital Bank

These findings build on research we reported last week showing that more than 80% of Boomers want to receive long-term care at home, but that preference comes with real financial demands, not only for older homeowners, but also for the family members supporting them.

[whooshing] Turning to the reverse mortgage secondary market, a federal appeals court has sided with Ginnie Mae in a significant dispute involving former reverse mortgage lender, Reverse Mortgage Funding, and Texas Capital Bank.

The case dates back to Reverse Mortgage Funding's bankruptcy in 2022.

Texas Capital had provided more than $28 million in financing, secured partly by interests in additional balances accumulating on previously securitized HECM loans.

Bask Bank is a normal bank.

It is run by Texas Capital Bank.

It-- Deposits are FDIC insured, and the way it works is you get 1.75 American miles per dollar per year.

That's paid out monthly, so if you had $10,000, you would earn 17,500 miles in a year.

Because even though I was paying my payments on time and all of those things, because we were in jewelry, we were considered high risk.

High risk to the bank.

And I was just a loan number.

Nobody knew me there.

Bad.

Blood in the streets everywhere.

And I went to a local bank, Texas Capital Bank.

Yeah.

So we have two partners in this.

We have Black Lake on the technology side, and then we have Texas Capital Bank, and Texas Capital is basically the counterparty that both the IMB and the bank will be facing when they sell those loans.

So IMB sells to Texas Capital, Texas Capital straight to the bank, and that's where earlier I had mentioned that one-to-one relationship.

That's what allows us to do that.

Together, the two modules are expected to form a free-flying space station.

On our catalyst watch for the day, Dillard's, Energy Transfer, Sunoco, and Texas Capital Bank shares are some of the notable companies that will start trading on the Texas Stock Exchange as their primary listing.

And the two-day Energy Intelligence Forum 2026 will begin.

The event is designed to bring together energy executives, investors, policymakers, analysts, and civil society leaders to debate how the energy system can remain secure and affordable while decarbonizing.

All right.

Texas Capital Bank moving their listing to the Texas Stock Exchange.

I think you're going to see a lot more of that in the coming months.

Dillard's came.

The exchange opened in July, and September has seen the first corporate commitments and primary listing transfers.

On September sixteenth, Texas Capital's Texas Equity Index Exchange Traded Fund and Texas Oil Index ETF became the TXSE's first primary listings.

The company's CEO, president, and chairman, Rob Holmes, rang the bell on Yall Street to celebrate the company's primary listing transfer.

Texas Capital was formerly listed on the Nasdaq.

Holmes praised the TXSE's investor base as an affirmation of the exchange's technological and strategic innovation.

The exchange saw over two hundred seventy-five million dollars in total investment, with major investors including BlackRock, JPMorgan Chase, and Charles Schwab.

I had a little bit of reserves built up.

I asked Bob Haas, who was the reservoir engineer for Texas Capital Bank, I said, Bob, when can I get a bank loan? When can I get a bank loan? Oh, no, you're not ready.

You're not ready.

Finally, sometime around late 99 or 2000, he said, let's go talk to Texas Capital Bank.

And Bob presented what I was doing to them And they set me up based upon the little reserves I had developed at that time with a $600,000 line of credit.

This was in late 99 or 2000 sometime.

And, boy, it was just wonderful that this happened.

But... boy, it was only the beginning of building our asset base and our company because as we began to drill the Barnett shale wells and have tremendous success, something that was a holy grail for banks up to that time was they needed at least six months and preferably a year's worth of production to build a decline curve to be able to loan money against reserves on.