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Old 05-24-2013, 10:19 AM
  #130841  
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Originally Posted by The Cavalier
Has anyone here done a mortgage with Delta Community Credit Union (or Wings for that matter)?
Yes. Great service. On my refinance I wanted to use DCU but they could not match the rates and prices offered by competitors on Quicken, Zillow, etc... DCU tends to lag the market, so if rates are going up you can score a great deal. If rates are going down they can not compete.

A word of caution about how you shop if you use Yahoo, Quicken or Zillow. The internet sites sell your query to anyone willing to pay. Your phone will ring, your e-mail will be full, etc ... Might even be worth giving them a discreet phone number to control the hassle factor from telemarketers. I gave an obviously bum number and in the comments asked that they only contact me through an e-mail I had set up specifically for that purpose.

Another word of caution, closing costs and fees. I asked for a pro forma statement, then shopped the product again. None of the really aggressive marketers exactly matched what they held out in their advertising. The market moves very quickly. Depending on your lock the deal they offer changes.

In the end the 1/8th to 1/4 point spread for a truly no closing cost loan (not adding anything to principal) is, IMHO, worth it with rates this low. There are good charting tools. If you are a trend analysis type, you'll have a good idea when to say "lock."

Since all of our mortgages end up with Fannie and Freddie, I don't think it matters who originates your loan ... just shop price.
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Old 05-24-2013, 10:34 AM
  #130842  
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Originally Posted by Carl Spackler
ACL, I have two questions for you. But first, here's my premise: I propose the following letter be unanimously accepted by every elected member of the DALPA MEC and sent to Lee Moak:

---------------------------------------------------------------------

Dear Captain Moak,

This letter is to advise you of the unanimous opinion of the Delta MEC regarding your signing of the Pinnacle agreement that completely subverted the rightful role of the Delta MEC.

We are requesting a letter of apology from you on behalf of ALPA national to the pilots of Delta Air Lines and their elected representatives. This letter must also include a pledge to never again act on behalf of Delta pilots without the direct participation of the Delta MEC. We will be expecting this letter no later than 30 days from today.

Should this letter not be forthcoming within the timeframe stated above, the Delta MEC is unanimously resolved to no longer be affiliated with the Airline Pilot's Association. It is imperative for you to understand the importance the Delta MEC places on all parties within ALPA operating in strict adherence to the policies that make our union a truly bottom up organization. Your actions in the Pinnacle matter were in direct contravention of those policies in our opinion and can never be allowed again. DALPA either controls the interests of the pilots they represent, or they do not. We require a clear answer to that question.

Although your actions have produced great mistrust among many Delta pilots, we still believe there is a solution if all can be confident of this never happening again. We look forward to your letter inclusive of the items we must have in order to continue our relationship.

Regards...

-------------------------------------------------------------------

Now here are my 2 questions for you ACL:

First, would you sign off on a letter that had this as its basic premise?

Second, if Moak wrote back and said go pound sand, would you follow through in ending our affiliation with ALPA and creating a new independent union?

Carl
I love the letter except the nuclear line of leaving ALPA. Why is that necessary? Why not demanding a restructuring including the ousting of Moak? Most people that I know outside of his yes men here at DALPA cannot stand the guy after they meet him, including my friends that have been at national.
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Old 05-24-2013, 10:49 AM
  #130843  
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Originally Posted by 80ktsClamp
I love the letter except the nuclear line of leaving ALPA. Why is that necessary? Why not demanding a restructuring including the ousting of Moak? Most people that I know outside of his yes men here at DALPA cannot stand the guy after they meet him, including my friends that have been at national.
I'd be OK with that. Lee would have to know the implied threat anyway.

Looking forward to acl and nu's answer to this question.

Carl
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Old 05-24-2013, 11:00 AM
  #130844  
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I just contacted Wings FCU for a mortgage yesterday in fact. The DTW office manager was very helpful, and as of today, I 've electronically sent in the application. As contrasted to a "mortgage specialist" based in Florida, who requested all my financial paperwork two weeks ago, and still needs more. By the time that "specialist" considers approving me, I should be in my new acquisition, thank you to Wings.
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Old 05-24-2013, 11:46 AM
  #130845  
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Originally Posted by Denny Crane
Just spitballin' but couldn't JB's move to increase competition on routes with major carriers be an attempt by their management to get one of said major carriers to purchase/merge with them?

Denny
My personal opinion, they are adding cities in the U.S. that will attract even more foreign code shares. You know, kind of the Alaska Airlines of the east coast but not exclusive to the east coast. If this type of operation is allowed to grow, just like cancer it will eat away at the big 3 US airlines on both domestic and international city/routes. Now would be a good time to crush them before they get very far with this strategy.

JetBlue | Investor relations | Press Releases

http://www.breakingtravelnews.com/ne...odeshare-deal/
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Old 05-24-2013, 12:02 PM
  #130846  
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Originally Posted by Going2Baja
If in So Cal I have a person that does no cost loans and will notify you when the rates drop and they can save you some more $$$. I've done 3 w/ her in the past year. Now @ 3.5% and there wasn't a cost to me at all (other than a sore hand after signing papers for hours.) Good luck!! PM me if you'd like contact info.

Baja.
As a banker in my previous life, I can tell you one thing: There is always a cost to you. They might spin it as a no cost loan to you but somewhere in the back-end, you are paying.

Trust me on this.

TEN
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Old 05-24-2013, 12:03 PM
  #130847  
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Originally Posted by sailingfun
None of those groups saw the massive increases in pay we saw in the early 2000's. If you compare our contract wages to what other employees are paid at Delta relative to the industry today we are ahead of every group except perhaps the mechanics who would be about the same as we are. Our flight attendants as a example are paid substantially less then American and our far more productive. They are paid 20 percent less then SW's hourly rate and not far from them in productivity. Delta flight attendants were the most productive of the legacy airlines in 2011. In addition they took substantial cuts in many areas including freezing their retirement plan with no follow on retirement at all for almost 4 years. Today they get something like 6 percent into a DC type plan. All the other employees saw the same increases in health care and other costs they we took. A 300 dollar a month increase in health care premiums has a lot more impact on a employee taking home 1600 dollars a month then a pilot.
Overall Delta's non pilot employee costs are at best industry average. If you count in the fact Delta was able to outsource many of those jobs the costs are probably well below industry average. We are industry leading. If you tried to use a argument about pilot costs verses other employee costs at Delta before the NMB you would look very foolish.
Why? I don't understand. We gave the most up. We stand to get the most back. Even our CEO himself was just given a 42 percent raise. I feel it's a good argument. Our company will probably make $2 billion in pretax revenue (still a half billion short of where we get paid more profit sharing). If the company can make that kind of cash, why are we the only employee group still being punished? I think we are also the only employee group without a pension(I don't want a pension). Why do you think we would look foolish? Honest question.
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Old 05-24-2013, 12:06 PM
  #130848  
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Originally Posted by forgot to bid
There is a guy a Delta buddy of.mine recommended last summer and.it worked out well. No closing costs, no appraisal, flat 4%, 30 yr, (goal was to drop the payments and then pay extra). I think I spent 8 min on the phone and I went with him. That was in ATL btw. I was happy.

I think the bank.had offered 4.4% and $3500 closing and $400 appraisal and so on.
Was it "Marty"?

TEN
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Old 05-24-2013, 12:16 PM
  #130849  
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Originally Posted by forgot to bid
Someone was asking about a quote that alluded to the PWA being cost neutral. One of the quotes is from the 2012 Q3 CEO Discussion and goes as follows:

Quote 1

25JUL13

Richard Anderson [opening statement]
With the benefits achieved with our new pilot agreement, we have the flexibility we need to both accelerate our fleet restructuring and improve pilot productivity as we vary our capacity by season. The agreement enables us to up-gauge our domestic fleet by acquiring 717s and two-class regional jets which will replace more than 200 50-seat aircraft over the next few years.

Paul Jacobson [opening statement]
The retirement of the 50-seat regional jets is one of the single biggest opportunity costs we have. The up-gauging strategy will improve our efficiency by lowering our unit costs while simultaneously improving our product while maintaining our capacity discipline. Secondly, we are aligning our head count with our reduced capacity and recently had over 2,000 employees elect to participate in our voluntary early retirement program. These employees will retire by the end of the year with limited backfill, which will continue to result in improved productivity.

Ed Bastian [answering a question from UBS on CASM ex-fuel]
And I’d say the other thing, Kevin, there that we did not necessarily forecast or see coming as clearly is the opportunity we had with our pilots to do the contract early. It’s going to pay significant dividends over time as it will have a big cost return to it, not just in terms of improved productivity, but the ability to fairly substantially restructure the domestic fleet. But that those costs came in right away so that’s in our September guidance as well, and that was another big piece.
Quote 2

24OCT13

Operator
We’ll take our next question from Mary Jane Credeur with Bloomberg News.

Mary Jane Credeur - Bloomberg News
Hi, folks. Can you talk a little bit about how you’re going to afford that new pilot contract?

Richard Anderson
Hi, Mary Jane, this is Richard. Sorry for not saying hello. When you look at the overall value that we’re going to create as a result of unlocking the ability to refleet plus the productivity that has been built into that agreement, we’re confident that it will be an important part of our ability to get to unit cost over the next couple of years to improve our margins and our return on invested capital.

Glen Hauenstein
And, Mary Jane, this is Ed. One additional thing, we also reduced the profit sharing going forward and that’s an important part of helping to fund that cost growth.

Mary Jane Credeur - Bloomberg News
Sure. Okay. Thank you.

Operator
We’ll take our next question from...
Good post. In layman's terms. The company bought scope from us with a 10.8 percent raise.
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Old 05-24-2013, 12:20 PM
  #130850  
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Thanks everyone for the credit union info!
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