[drboom]

[quote=outtamojo]US Bank just gave me a zero percent credit card offer. Also got offer for one of those “Black Cards”
which I promptly shredded when I saw the astronomical annual fee.[/quote]

Me too. $495/year, but you get concierge service! And a carbon fiber card that is “sure to get you noticed”! And, uh … did I mention the carbon fiber card? I love getting noticed!

[quote]Btw, what’s wrong with banks asking 20% down? I don’t consider that tight in my book.[/quote]

Same here, but I think we’re in the minority. Everyone my wife and I talked to when we recently bought our house seemed to think it was odd–almost subversive, really–that we had no debt, FICO scores approaching 800, and 20% down that came from actual savings. It’s like we were being un-American or something.

[drboom]

[quote=outtamojo]US Bank just gave me a zero percent credit card offer. Also got offer for one of those “Black Cards”
which I promptly shredded when I saw the astronomical annual fee.[/quote]

Me too. $495/year, but you get concierge service! And a carbon fiber card that is “sure to get you noticed”! And, uh … did I mention the carbon fiber card? I love getting noticed!

[quote]Btw, what’s wrong with banks asking 20% down? I don’t consider that tight in my book.[/quote]

Same here, but I think we’re in the minority. Everyone my wife and I talked to when we recently bought our house seemed to think it was odd–almost subversive, really–that we had no debt, FICO scores approaching 800, and 20% down that came from actual savings. It’s like we were being un-American or something.

[drboom]

[quote=davelj][quote=drboom]We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂
[/quote]

SDNB wouldn’t have held onto your loan – it would have been sold to Fannie/Freddie or someone else in all likelihood. So, SDNB’s performance – or lack thereof – wouldn’t have had any effect on you.[/quote]

Yes, but having the FDIC swoop in can’t do good things to the escrow timeline–and the timeline was pretty inflexible in this case. SDNB almost never hangs on to residential loans, AFAIK, so I wasn’t concerned with that.

[quote]In fact, the bank in Atlanta that underwrote your loan may not still own it. And if it does – and it made you some kind of “friend’s deal” (which I doubt) – then it’s probably a bad deal for them. That is, they probably under-priced the loan. Not that you should care.[/quote]

The “friend” thing is how I wound up in contact with a little bank in Georgia. We didn’t get a “deal” … except that they were amazingly on top of things despite the geography and time difference. My agent had some unkind words for some of the services used in this deal (escrow guys overcharged and were kind of lame, appraiser goofed up, etc.), but he said the lender was “as good as it gets” service-wise. I agree, they were terrific. (Plug: “They” means David Turner at Westside Bank in Hiram, Georgia. He’s done a couple of short sales in California and might welcome more biz from the Land of Tofu.)

The bank was actually just a broker for this loan, so they didn’t fund anything directly.

It’s kind of fun to think about the Good Olde Days of escrow. After taking possession yesterday, I promptly started ripping 1960s vintage paneling off the walls, demolishing a built-in TV cabinet, and generally persuading things with my FUBAR. I’m a littlle sore. It’s like an episode of “This Old House” … except for the fact that it’s not a cool old Cape Cod, there’s no possible historical or achitectural significance, it’s a generic stucco box in 92020, and I have a very small budget. 😛

[drboom]

[quote=davelj][quote=drboom]We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂
[/quote]

SDNB wouldn’t have held onto your loan – it would have been sold to Fannie/Freddie or someone else in all likelihood. So, SDNB’s performance – or lack thereof – wouldn’t have had any effect on you.[/quote]

Yes, but having the FDIC swoop in can’t do good things to the escrow timeline–and the timeline was pretty inflexible in this case. SDNB almost never hangs on to residential loans, AFAIK, so I wasn’t concerned with that.

[quote]In fact, the bank in Atlanta that underwrote your loan may not still own it. And if it does – and it made you some kind of “friend’s deal” (which I doubt) – then it’s probably a bad deal for them. That is, they probably under-priced the loan. Not that you should care.[/quote]

The “friend” thing is how I wound up in contact with a little bank in Georgia. We didn’t get a “deal” … except that they were amazingly on top of things despite the geography and time difference. My agent had some unkind words for some of the services used in this deal (escrow guys overcharged and were kind of lame, appraiser goofed up, etc.), but he said the lender was “as good as it gets” service-wise. I agree, they were terrific. (Plug: “They” means David Turner at Westside Bank in Hiram, Georgia. He’s done a couple of short sales in California and might welcome more biz from the Land of Tofu.)

The bank was actually just a broker for this loan, so they didn’t fund anything directly.

It’s kind of fun to think about the Good Olde Days of escrow. After taking possession yesterday, I promptly started ripping 1960s vintage paneling off the walls, demolishing a built-in TV cabinet, and generally persuading things with my FUBAR. I’m a littlle sore. It’s like an episode of “This Old House” … except for the fact that it’s not a cool old Cape Cod, there’s no possible historical or achitectural significance, it’s a generic stucco box in 92020, and I have a very small budget. 😛

[drboom]

[quote=davelj][quote=drboom]We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂
[/quote]

SDNB wouldn’t have held onto your loan – it would have been sold to Fannie/Freddie or someone else in all likelihood. So, SDNB’s performance – or lack thereof – wouldn’t have had any effect on you.[/quote]

Yes, but having the FDIC swoop in can’t do good things to the escrow timeline–and the timeline was pretty inflexible in this case. SDNB almost never hangs on to residential loans, AFAIK, so I wasn’t concerned with that.

[quote]In fact, the bank in Atlanta that underwrote your loan may not still own it. And if it does – and it made you some kind of “friend’s deal” (which I doubt) – then it’s probably a bad deal for them. That is, they probably under-priced the loan. Not that you should care.[/quote]

The “friend” thing is how I wound up in contact with a little bank in Georgia. We didn’t get a “deal” … except that they were amazingly on top of things despite the geography and time difference. My agent had some unkind words for some of the services used in this deal (escrow guys overcharged and were kind of lame, appraiser goofed up, etc.), but he said the lender was “as good as it gets” service-wise. I agree, they were terrific. (Plug: “They” means David Turner at Westside Bank in Hiram, Georgia. He’s done a couple of short sales in California and might welcome more biz from the Land of Tofu.)

The bank was actually just a broker for this loan, so they didn’t fund anything directly.

It’s kind of fun to think about the Good Olde Days of escrow. After taking possession yesterday, I promptly started ripping 1960s vintage paneling off the walls, demolishing a built-in TV cabinet, and generally persuading things with my FUBAR. I’m a littlle sore. It’s like an episode of “This Old House” … except for the fact that it’s not a cool old Cape Cod, there’s no possible historical or achitectural significance, it’s a generic stucco box in 92020, and I have a very small budget. 😛

[drboom]

[quote=davelj][quote=drboom]We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂
[/quote]

SDNB wouldn’t have held onto your loan – it would have been sold to Fannie/Freddie or someone else in all likelihood. So, SDNB’s performance – or lack thereof – wouldn’t have had any effect on you.[/quote]

Yes, but having the FDIC swoop in can’t do good things to the escrow timeline–and the timeline was pretty inflexible in this case. SDNB almost never hangs on to residential loans, AFAIK, so I wasn’t concerned with that.

[quote]In fact, the bank in Atlanta that underwrote your loan may not still own it. And if it does – and it made you some kind of “friend’s deal” (which I doubt) – then it’s probably a bad deal for them. That is, they probably under-priced the loan. Not that you should care.[/quote]

The “friend” thing is how I wound up in contact with a little bank in Georgia. We didn’t get a “deal” … except that they were amazingly on top of things despite the geography and time difference. My agent had some unkind words for some of the services used in this deal (escrow guys overcharged and were kind of lame, appraiser goofed up, etc.), but he said the lender was “as good as it gets” service-wise. I agree, they were terrific. (Plug: “They” means David Turner at Westside Bank in Hiram, Georgia. He’s done a couple of short sales in California and might welcome more biz from the Land of Tofu.)

The bank was actually just a broker for this loan, so they didn’t fund anything directly.

It’s kind of fun to think about the Good Olde Days of escrow. After taking possession yesterday, I promptly started ripping 1960s vintage paneling off the walls, demolishing a built-in TV cabinet, and generally persuading things with my FUBAR. I’m a littlle sore. It’s like an episode of “This Old House” … except for the fact that it’s not a cool old Cape Cod, there’s no possible historical or achitectural significance, it’s a generic stucco box in 92020, and I have a very small budget. 😛

[drboom]

[quote=davelj][quote=drboom]We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂
[/quote]

SDNB wouldn’t have held onto your loan – it would have been sold to Fannie/Freddie or someone else in all likelihood. So, SDNB’s performance – or lack thereof – wouldn’t have had any effect on you.[/quote]

Yes, but having the FDIC swoop in can’t do good things to the escrow timeline–and the timeline was pretty inflexible in this case. SDNB almost never hangs on to residential loans, AFAIK, so I wasn’t concerned with that.

[quote]In fact, the bank in Atlanta that underwrote your loan may not still own it. And if it does – and it made you some kind of “friend’s deal” (which I doubt) – then it’s probably a bad deal for them. That is, they probably under-priced the loan. Not that you should care.[/quote]

The “friend” thing is how I wound up in contact with a little bank in Georgia. We didn’t get a “deal” … except that they were amazingly on top of things despite the geography and time difference. My agent had some unkind words for some of the services used in this deal (escrow guys overcharged and were kind of lame, appraiser goofed up, etc.), but he said the lender was “as good as it gets” service-wise. I agree, they were terrific. (Plug: “They” means David Turner at Westside Bank in Hiram, Georgia. He’s done a couple of short sales in California and might welcome more biz from the Land of Tofu.)

The bank was actually just a broker for this loan, so they didn’t fund anything directly.

It’s kind of fun to think about the Good Olde Days of escrow. After taking possession yesterday, I promptly started ripping 1960s vintage paneling off the walls, demolishing a built-in TV cabinet, and generally persuading things with my FUBAR. I’m a littlle sore. It’s like an episode of “This Old House” … except for the fact that it’s not a cool old Cape Cod, there’s no possible historical or achitectural significance, it’s a generic stucco box in 92020, and I have a very small budget. 😛

[drboom]

[quote=davelj]
Anyhow, FBOP owns San Diego National, Cal National up in LA, and Pacific National in SF, among other banks in Texas, Arizona, and Illinois. I suspect that these will all fail in due course.[/quote]

I bank with SDNB. They were one of the two lenders my wife and I considered when we shopping for a loan for our house about a month ago. We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂

I still like banking with SDNB, though, but I may end up back at Inland Federal Credit Union. That place is ultra local: one branch, and about four employees. I think I got asked for ID once in five years.

[drboom]

[quote=davelj]
Anyhow, FBOP owns San Diego National, Cal National up in LA, and Pacific National in SF, among other banks in Texas, Arizona, and Illinois. I suspect that these will all fail in due course.[/quote]

I bank with SDNB. They were one of the two lenders my wife and I considered when we shopping for a loan for our house about a month ago. We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂

I still like banking with SDNB, though, but I may end up back at Inland Federal Credit Union. That place is ultra local: one branch, and about four employees. I think I got asked for ID once in five years.

[drboom]

[quote=davelj]
Anyhow, FBOP owns San Diego National, Cal National up in LA, and Pacific National in SF, among other banks in Texas, Arizona, and Illinois. I suspect that these will all fail in due course.[/quote]

I bank with SDNB. They were one of the two lenders my wife and I considered when we shopping for a loan for our house about a month ago. We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂

I still like banking with SDNB, though, but I may end up back at Inland Federal Credit Union. That place is ultra local: one branch, and about four employees. I think I got asked for ID once in five years.

[drboom]

[quote=davelj]
Anyhow, FBOP owns San Diego National, Cal National up in LA, and Pacific National in SF, among other banks in Texas, Arizona, and Illinois. I suspect that these will all fail in due course.[/quote]

I bank with SDNB. They were one of the two lenders my wife and I considered when we shopping for a loan for our house about a month ago. We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂

I still like banking with SDNB, though, but I may end up back at Inland Federal Credit Union. That place is ultra local: one branch, and about four employees. I think I got asked for ID once in five years.

[drboom]

[quote=davelj]
Anyhow, FBOP owns San Diego National, Cal National up in LA, and Pacific National in SF, among other banks in Texas, Arizona, and Illinois. I suspect that these will all fail in due course.[/quote]

I bank with SDNB. They were one of the two lenders my wife and I considered when we shopping for a loan for our house about a month ago. We got a better deal from a one branch bank in Atlanta (friend of a friend of a friend kind of thing), so we went with them. One day after making the choice, the Chicago Tribune ran a story that JPMorgan had filed suit against FBOP for defaulting on a $246MM note. This made me feel better about my choice, to say the least. 🙂

I still like banking with SDNB, though, but I may end up back at Inland Federal Credit Union. That place is ultra local: one branch, and about four employees. I think I got asked for ID once in five years.

[drboom]

Yes, looks like Sandicor imposed some new rules. A lot of listings don’t show address information unless you log in, either.

[drboom]

Yes, looks like Sandicor imposed some new rules. A lot of listings don’t show address information unless you log in, either.

[drboom]

Yes, looks like Sandicor imposed some new rules. A lot of listings don’t show address information unless you log in, either.

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