Federal Home Loan Bank of New York
Michael Schoffelen is an accomplished finance professional with extensive experience in mortgage partnership finance, asset disposition, and structured finance. Currently serving as Vice President and Mortgage Partnership Finance Business Officer at the Federal Home Loan Bank of New York since April 2016, Michael has previously held key positions such as Director of Asset Disposition at ResCap Liquidating Trust, where management of a loan and securities portfolio valued at approximately $1 billion was conducted. Michael's expertise spans various roles in notable companies, including Ally Financial, OneMain Financial, and Deutsche Bank Securities, focusing on credit risk management, securitization, and structured finance. With an MBA in Accounting from the University at Buffalo and a BA in Biochemistry from SUNY Potsdam, Michael's educational background complements a robust career in the financial sector.
Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York (FHLBNY) is a privately-owned wholesale bank that helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth.