| Wyoming Calendar for June 4, 2007
* Today through June 7, art exhibitions "African Sculpture from the New Orleans Museum of Art"; "From the Collection: Recent Landscape Photography"; "Ancient Bronzes of the Asian Grasslands from the Arthur M. Sackler Foundation"; "Bill Gollings: Cowboy Artist," paintings from the Sherry Nicholas Collection, and American Modernists will be displayed. Admission is free. Hours are 10 a.m.-5 p.m. Monday-Saturday and 1-5 p.m. on Sunday.* Today through Sept. 1, a new exhibition featuring two popular Hispanic religious art traditions will be on display at the University of Wyoming Art Museum. "Pinturas de Fe: The Retablo Tradition in Mexico and New Mexico" includes examples of both "retablos" and "ex votos," traditional artwork styles which blossomed in the New World between the 17th and 19th centuries.
Financial Toxic Waste Disposal
"$503 billion is a lot of collateralized debt obligations, and a whopping 500% increase in three years is enough to make your eyeballs comically spring from your head, as in 'Booiinnnnng!'" by The Mogambo Guru Fortunately, I had been eating a very low-roughage diet for a couple of days, which worked out perfectly to keep me from making a big mess in my pants when I saw that, last week alone, Total Fed Credit was up by $3.7 billion, foreign central banks bought up another $14 billion in government and agency debt (stashing them at the Fed), and another $4.8 billion of actual, in-your-hand cash money was printed up, which comes out to about $35 for each of the 137 million Americans who have a freaking job. In one week! One! And sure enough, all this new money and credit is showing up in prices, and the Consumer Price Index, as tortured into compliance as it is, is still registering a hefty monthly increase of 0.6%.
How to deal with tighter credit rules
Mortgage broker Bruce Honaker has seen up close how much tougher it is for people with tarnished credit to get a loan these days. "If somebody comes into the office now with less than perfect credit and no down payment, they're eight or nine months away from (getting a mortgage)," said Honaker, owner of American Acceptance Capital in Antioch. "I sit down and analyze their situation and try to help them get their credit into (a better) range. We set up a plan to get (bad debts) cleared up, and once their score is up several months down the road, then they can go for the house." Across the country, people who took out subprime loans -- higher-interest mortgages for those with poor credit -- have begun to default on those loans in record numbers. The result: Lenders have gotten a lot pickier and prospective borrowers have to meet stricter criteria to qualify for a mortgage.
Mortgage Application Refused - Understanding And Successfully ...
Often, when your lender scrutinizes your loan application for a new home or piece of property so thoroughly that it is finally turned down, it can be very distressing. If this happens, you should be able to understand just why such a decision was taken and do what you can to remedy the situation. The causes for rejection given below will help you understand just why it happens to some people. Causes for rejection: There is a term called LTV, and this means that the appraised value of the property you want to purchase is much lower than the purchase price or loan-to-value ratio.Or it may be just the case that the LTV is just too high for the lender to approve. He may be restricted to a certain ratio and there is nothing he can do about it. Maybe you have applied for 90-95% of the buying price as the loan amount.
Subprime fiasco exposes manipulation by brokerages
TAHER AFGHANI WAS WORKING for discount retailer Target Corp. near San Francisco when friends told him about the riches to be made in Californias Mortgage Alley. It was 2004, and the U.S. real estate market was on fire. Down in Southern California, a hub for lenders specializing in loans to people with weak, or subprime, credit, Afghanis pals were making a fortune pushing risky mortgages on homebuyers. After tagging along with a buddy on a company trip to Los Cabos, Mexico, Afghani quit Target, headed south and began hustling loans at Costa Mesa-based Secured Funding Corp. I had never seen so much money thrown around in one weekend, Afghani, 27, says of the Cabo getaway. It was crazy. All these kids, literally 18 to 26, were loadedthe best clothes, the cars, the girls, everything.
Rochester calendar
Eagles Classic Car Drive-in, Eagles Club, 917 15th Ave. S.E., Rochester. 282-0470, Carol Hanson. 5 p.m.-9 p.m. Every Wednesday through Oct. 3. Art exhibit, Rochester Civic Theatre lobby, 20 Civic Center Drive S.E., Rochester. 288-5849. Pastel paintings by Jan Huffman Case on display. Southeast Minnesota Woodcarvers Workshop, Eagle Bluff Environmental Learning Center, on County Road 21, near Lanesboro. Instructors teaching skills like caricature carving and low-relief carving. Additional classes in watercolor painting, basket weaving and wood burning. Sponsored by Slim's Woodshed in Harmony. For information contact Slim at 1-877-886-3114; e-mail slim_ws@harmonytel.net; or visit www.slimswoodshed.com. Sue & Sandy's Classic Car Drive-In, Whistle Binkie's on the Lake, 247 Woodlake Drive S.E., Rochester.
Satellites score knockout with first-ever title
FULTON -- "It was just like a heavyweight title bout, just like Ali and Foreman." South Central coach Bill Fryar couldn't have said it better. The Satellites' first-ever Class A regional title victory, 15-11 over Lakewood Park Christian on Saturday, was more than a classic, it was, as pitching and hitting star Taylor Scarborough aptly put it, "Making history; we're really excited, we're going into next week (at the Hamilton Southwestern Semistate) so pumped up." Fryer's team withstood everything sixth-ranked Lakewood 21-7), which had upset Whiting in the morning game 4-1, then battled through four Lakewood pitching changes to come back four times, finally taking the lead in the bottom of then sixth, then holding off the top of the Panther batting order in the seventh. It was Scarborough's gutty pitching performance, bolstered personally by a grand slam and a total of seven RBI, against a heavy-hitting Panther team, that was the edge that clinched the win for the Satellites in the seventh.
Never a lender or a borrower be
Something thats changing is the way people lend money in South Africa - the new National Credit Act arrives on 1 June 2007 and promises to help prevent people becoming over-indebted. Classic Business Day gets Credit Information Ombudsman Manie van Schalkwyk on the line
LINDSAY WILLIAMS: No more high charges hidden in credit agreements as the new National Credit Act (NCA) designed to protect the consumer comes into full effect in June. Manie, weve been building up to this for quite a while - is the NCA really going to protect the consumer?
MANIE VAN SCHALKWYK: Yes, I think we are entering a good era - an absolutely new era for credit where consumers can expect debt protection in various ways. To prevent over-indebtedness for the first time in history the credit granter is being made responsible to ensure that consumers can afford the loans or the goods before granting credit.
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