Mortgages are bought, sold and traded constantly in today’s market. Very few mortgage originators hold onto the loans they’ve made. Some do hold onto them for a time, but most are sold on the secondary market.
It’s just how it is today. Fifth-Third or PNC or Citi or a smaller broker, it doesn’t seem to matter. Our current mortgage was originated with a local company, and sold to Citi a couple of months later. What is bizarre is that Citi didn’t want to originate the loan themselves. The days of George Bailey and Bedford Falls, NY are gone. I’m not sure we are better for it.
As a life long Red State (NE) resident, while I can see your point, particularly on local and House races, there is a part of me that feels if we are going to be running uphill anyway might as well go big. I mean why should conservative voters vote for right-wing light when they can get the real deal. At least with a loud liberal voice we could maybe wake up some of those apathetic “both sides are the same so why bother voting” side-line sitters to the real differences between the party. But I suppose that is its own sort of fatalistic cynicism.
Baron Hill was my rep. He lost after pulling the lever in favor of Obamacare. He knew that vote was likely to cost him his job (that was before we knew 2010 was going to be a bad year for Dems), but he did it anyways. I thanked his office in person for his tough vote - they said he was happy to do it because it was the right thing to do and he’ll have no regrets. I was looking forward to voting for him in the Senate race even if the climb was steep. Not so with Evan Bayh. I’ll vote for the asshole, but I’m not going to like it. Not one stinking bit.
I think you’ll be fine. Since you are doing business through the car dealer you aren’t technically an individual. They are awesome for large businesses. That’s who 5/3 cares about and how they built their brand. They do not care about the little person at all. Don’t ever get a checking account there. Credit unions are the best alternative.
No, the bank doesn’t have a shady rep. They screw individuals right out in the open. If you got what you thought you should, it’s all good. They can’t change your terms or anything. I’ve dealt with them specifically on behalf of clients with mortgages and they really do suck. Not to mention the people who bought my last house from me (two doctors, mind you). 5/3 screwed around for two weeks on the closing date. Notably, they didn’t tell us it would be delayed the first time by two days until after the husband (a brain surgeon) had traveled in from their home state and we were all enroute to the closing. They are seriously customer service clueless.
I remember in 08 he was Hillary’s surogate at many events here in Iowa. If she wins we could see a more “on board” senator then we saw after the '08 election.
Former Sen. Evan Bayh (D-IN) will announce a bid for Senate on Monday and replace the current Democratic nominee in the race, Baron Hill, CNN reported Monday morning, citing an unnamed source. .
… “While our campaign had been making great progress and building momentum all over Indiana, it is simply not enough to fight back against the slew of out-of-state, special interest and dark money that is certain to come our way between now and November,” Hill said in a statement… …
… Democrats have been heavily recruiting Bayh to run for the seat, in part because he had $10 million in a campaign account when he retired, according to CNN.
Seems to me like the better option would have been for Bayh to stay retired from the Senate and transfer his campaign fund to Hill - if that’s possible under current campaign finance rules.
While far from perfect Evan Bayh is about as good as we can expect to come out of Indiana. And we know what they’re capable of electing. On balance this is sort of good news.
I’d rather he sleep at his desk than spend most of his time on teevee bad-mouthing his party, as he did before. (Only Lieberman was worse on that score, and he became an independent.) His actual record wasn’t quite the very worst, but I’m hard-pressed to think of a shallower, oilier, more corporatist, more self-serving Democrat.
That said, I’m (breathes deeply) 100% behind him over his GOP opposition, or pretty much anyone else in today’s Republican party; we need to control the Senate for all the obvious reasons, and the cushion of the Indiana seat (if he can win it) will be helpful in 2018, when the map won’t be favorable to us. Having him around again just means I’ll have to learn to better control my gag reflex.
Well, no, I don’t live in Indiana. Don’t know how you figured that one out, but you got me there, pal…
…However…I do live in the United States, and even as someone who would very much like to see a Democratic majority in the Senate next year, I believe we need someone like Evan Bayh kneecapping a progressive agenda like a fish needs a bicycle. Because we’ve seen this movie before. If you’re a Republican and you want some “bi-partisan” cover, Bayh’s your man…er, dog. As in Blue Dog. Tax cut for the 1%? He’s on it. Restrictive abortion funding amendment? Voted for it. The kind of Democrat Roger Ailes wants on Fox News? That’s Bayh. And last I recall, he left the Senate because he didn’t like it there anymore, and did so in such a way to maximally screw Democrats.
So, to sum up…I don’t really care that you don’t care. Because lots of other people, in and out of Indiana, do.
Do we really want to return to the Blue Dog nonsense???
From 2009:
This morning on MSNBC’s Morning Joe, Sen. Evan Bayh (D-IN) discussed the creation of a new group of “moderate” Democratic senators whose goal is to “restrain the influence of party liberals.” MSNBC’s Lawrence O’Donnell explained the implications of Bayh’s new group, saying “this is the group that will control the outcome politically on what can pass on the Senate floor.”
Bayh explained that his office would be issuing a press release detailing the group and its 15 inaugural members.
Second the credit union. I had a bank account for six months when I started working, then switched to a credit union when I wanted to take out a small ($500) car loan. The bank refused me, but the credit union let me take it out on my signature and had lower interest rates. I’ve never had any other account since. They’ve held my mortgages, my car loans, and my education loans. I’ve never paid for checking and they know me by name.
Keep always in mind that in 2018 there is a strong possibility that the Democrats will lose up to five Senate seats, so they need to really, really pile on this time to build up a buffer. There were nine flippable seats (by which I mean the Democratic candidate is ahead or no more than 5% behind today); now there are ten. The Dems really need at least nine so as to have a bombproof majority for 2018 and on.
If you got what you thought you should, it’s all good. They can’t change your terms or anything. I’ve dealt with them specifically on behalf of clients with mortgages and they really do suck. Not to mention the people who bought my last house from me (two doctors, mind you). 5/3 screwed around for two weeks on the closing date. Notably, they didn’t tell us it would be delayed the first time by two days until after the husband (a brain surgeon) had traveled in from their home state and we were all enroute to the closing. They are seriously customer service clueless.