Recent Posts At Straight Talk

• And four more makes 7 – working on a Friday night! March 20, 2010
  More from Calculated Risk….. From the FDIC: Community & Southern Bank, Carrollton, Georgia, Assumes All of the Deposits of Appalachian Community Bank, Ellijay, Georgia …As of December 31, 2009, Appalachian Community Bank had approximately $1.01 billion in total assets and $917.6 million in total deposits. … The FDIC estimates that the cost to the Deposit […]
  Sean Vault
• 2 More Bank Closings – and 1 that no one wanted….. March 20, 2010
  From Calculated Risk…… From the FDIC: Bank of Upson, Thomaston, Georgia, Assumes All of the Deposits of Century Security Bank, Duluth, Georgia Century Security Bank, Duluth, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. … As of December 31, 2009, [...] […]
  Sean Vault
• American National Bank March 19, 2010
  And it’s not even 5:00…… From Calculated Risk: From the FDIC: The National Bank and Trust Company, Wilmington, Ohio, Assumes All of the Deposits of American National Bank, Parma, Ohio American National Bank, Parma, Ohio, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as rece […]
  Sean Vault
• Housing Prices – Bad Less Quickly March 19, 2010
  Here’s an article in Housing Wire that compares housing prices in January of 2009 to January 2010 and also December 2009 to January 2010.  A couple of thoughts about this article: The numbers are not an improvement.  House prices didn’t go up, but they are getting bad less quickly.   If the trend continues, eventually we’ll see [...] […]
  Sean Vault
• Why I Don’t Like Bi-Weekly Mortgages….. March 19, 2010
  Since it’s only Thursday and I’ve had four people ask me about whether they should take advantage of a bi-weekly mortgage plan and I surprised all four of them with my answer, I thought I’d share with you why I don’t like bi-weekly mortgages. First, let me explain the concept of a bi-weekly mortgage and how [...] […]
  Sean Vault
• It’s Different This Time….. March 18, 2010
  Don Peck from the Atlantic Magazine has a rather sobering analysis of the current economic conditions and how it’s different this time than it has been the last few. We’ve been saying on here that there is a seismic shift going on in consumer thinking and spending.  What he has to say reaffirms that view. Well worth [...] […]
  Sean Vault
• Real Estate Owned by the Three “F” March 18, 2010
  This chart is courtesy of Calculated Risk. A few thoughts of mine below the chart…… Okay, a couple of thoughts: One can argue all you want about statistical noise, about how the housing crisis is getting better, but when you look at a chart like this, it clearly shows that the three “F”s (Fannie, Freddie and FHA) [...] […]
  Sean Vault
• Financial Reform – Hello? March 18, 2010
  I’ve really come to appreciate Jon Stewart’s irreverent take on the issues in the financial world…… The Daily Show With Jon Stewart Mon – Thurs 11p / 10c In Dodd We Trust www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Reform Are you sick [...] […]
  Sean Vault
• The Fed – Translated…. March 16, 2010
  What the Fed Said Last Time What the Fed Said This Time What Difference does it make….. Information received since the Federal Open Market Committee met in December suggests that economic activity has continued to strengthen and that the deterioration in the labor market is abating. Information received since the Federal Open Market Committee met in January […]
  Sean Vault
• The Latest Problem with Employment Verifications March 16, 2010
  Are you sick and tired of the lack of straight talk in the mortgage world?We are.   That's why we write here - even though we have to do it under a pen name - because our lending institutions don't like it......If you want to work with someone who will tell it to you straight, [...] […]
  Sean Vault