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Dramatic Easing of Mortgage Standards

 

Photo courtesy of  ims.net

Photo courtesy of ims.net

Federal Housing Finance Agency Director Mel Watt on Monday announced plans to expand home buyers’ access to mortgages by loosening up lending standards.

During the Mortgage Bankers Association‘s annual conference, Watt said FHFA will release guidelines “in the coming weeks” to allow increased lending to borrowers with down payments as low as 3 percent. FHFA, which regulates Fannie Mae and Freddie Mac, also will help lenders who sell loans to the mortgage giants by easing standards on borrowers who don’t have perfect credit profiles. The move is expected to help open up the credit box to first-time buyers, self-employed borrowers, borrowers who have had recent job switches, and borrowers who faced financial hardship during the recession.

Watt said on Monday that Fannie and Freddie would not force repurchases from lenders of mortgages that are later found to have minor flaws in them, as long as borrowers have kept up with their mortgage payments for 36 months. Watt also said that lenders wouldn’t be forced to buy back bad loans if flaws were later discovered in the reporting of borrowers’ finances, debt loads, and down payments — as long as the borrowers would have qualified for the loans had the information been accurate.

“Minor, immaterial loan defects should not automatically trigger a repurchase request,” says David Stevens, CEO of the Mortgage Bankers Association. “As a result, lenders will be more confident in offering mortgages to qualified borrowers.”

FHFA said it will clarify to lenders when it will force buy-back loans that were issued based on inaccurate information. FHFA acknowledges that it failed to provide lenders with enough clarity in the past. That caused lenders to get cautious with lending after facing a flood of high-dollar settlements from loans they issued that later turned sour.

“We know that this issue has contributed to lenders imposing credit overlays that drive up the cost of lending and also restrict lending to borrowers with less than perfect credit scores or with less conventional financial situations,” Watt said. Addressing such issues are “critical to ensuring that there is liquidity in the housing-finance market and to providing access to credit for borrowers.”

Source: “Regulator Unveils Plan to Spur Lending by Fannie, Freddie,” Los Angeles Times (Oct. 20, 2014) and “Fannie-Freddie Clarify Buyback Rules in Bid to Ease Credit,” Bloomberg (Oct. 20, 2014)

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Review of Bear River Pasta Company

Bear River Pasta Company Entrance

Picture 1 of 4

By Judy J. Pinegar, Writer

Recently, a friend recommended I try the Bear River Pasta Company, it was a little hard to find, at 109 Bank Street. Inside it is compact and very clean. There is a refrigerator full of pre-made pasta dishes with the sauce, along with bread and yummy salads for eating in, or taking out for an easy dinner meal. They also make lots of different sandwiches on wheat or sourdough bread with all the fixings. Owners Carl Brenner and Theresa McGuire have done a nice job of creating a reasonably priced venue for quick meals and take-out dinners.

If you are eating in, you microwave the dish of pasta, and your choice of salad and freshly toasted bread is brought to you. We tried the Spaghetti and Meatballs, apparently the hands down favorite seller!  It was delicious, and so were the Garlic and Pesto Breads! We also shared a Carmel Balsamic Gelato which was fantastic!  Lots of other flavors of gelato were also available along with Cannoli and Tiramisu.

A second refrigerator was filled with many different kinds on homemade pasta as well as homemade sauces, enough to serve a family. There is also a supply of Italian specialty items, oils, candies, cookies, beautiful wooden wine stoppers, nic-naks and potholders. The salad items also include many varieties of olives, nicely displayed.

We took out some fresh made Fettuccini and the Tomato Basil Sauce, along with some nice homemade pot holders. All and all it was a great find, and I am sure we will come again!  Check out the full menu at their website www.bearriverpasta.com. Bear River Pasta also attends local events and street fairs, and catering as requested.

For their menu and more go to their website Bear River Pasta Company

Their telephone number is 530.274.1760

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Scotts Flat Reservoir Lake Level September 2014

Scotts Flat Reservoir

Scotts Flat Reservoir
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Scotts Flat Reservoir

Pictures  by John J. O’Dell from my deck.

The water level in the lake is down further than I’ve seen since I’ve lived in Cascade Shores, or at least it seems that way.  Scotts Flat Lake or should I say reservoir, what’s the difference?  A lake is a body of water but a  reservoir is different because it’s level is deepest at the dam and some other technicalities . Oh, well, I still like to call it a lake.  If you really want to know the difference between a lake and reservoir go to Lakes & Reservoirs.

If you want to see the projected water level for Scotts Flat Reservoir  that was prepared by Nevada Irrigation District, go to picture 5.  I’m guessing from my pictures and the graph for water levels for Scotts Flat Lake that the present elevation is around 3,036 foot elevation. The high appears to be 3,062  feet in elevation.  That’s a 26 foot drop which cuts the water storage in half, from 40,000 acre feet to 25,000 acre feet. An acre foot is one foot of water over one acre of land or 43,560 cubic feet of water.

Scott’s Flat is situated among the tall pines at the 3100-foot elevation nine miles east of Nevada City via Highway 20 and Scott’s Flat Road. It offers 169 campsites at two large campgrounds, plus a group camp. Across the lake, accessible via Red Dog and Quaker Hill Roads from Nevada City, is the Cascade Shores Day Use Area. As you can see from my pictures, there a lot of trees around the reservoirs, oops lake.

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Meet Tommie Turvey, Equine Extremist, at the Draft Horse Classic at the Nevada County Fair

Tommie performing with Pokiejoe.  Picture courtesy of Nevada County Fairgrounds

Tommie performing with Pokiejoe. Picture courtesy of Nevada County Fairgrounds


Meet and Greet with Tommie and his famous horses on Saturday and Sunday of the Classic

 

Tommie Turvey, Equine Extremist, who will be performing at this year’s Draft Horse Classic, will be featured at a Meet and Greet on Saturday and Sunday from 2 -3 pm at the Nevada County Fairgrounds. Held outside the arena, near the box office, the Meet and Greet is a great opportunity to meet Tommie, meet his famous horses, get an autograph, and chat with Tommie about his work with horses.

Tommie is a world-renowned equine entertainer, stuntman, and one of the best movie horse trainers of today. As a professional stuntman and movie horse trainer, Tommie has been involved with his horses in the Hollywood blockbuster movies “Jonah Hex,” “Batman: Dark Knight,” and Larry the Cable Guy’s “Witless Protection.” His horses have also been featured in AMC’s series “The Walking Dead,” NBC’s “Revolution,” and TNT’s “Burn Notice.”

Additionally, Tommie was called upon by Anheuser Busch to train and coordinate eight of their famous Budweiser Clydesdales for their highly watched 2013 Superbowl commercial. The commercial, “Brotherhood,” was voted best Superbowl ad, and has more than 15 million views on YouTube.

horse-bucking

Tommie training Clydes for Budweiser Commercial Photo courtesy of Nevada County Fairgrounds

Tommie training Clydes for Budweiser Commercial
Photo courtesy of Nevada County Fairgrounds

Tommie and his horses travel the world performing for hundreds of thousands of people each year, and have performed in some of North America’s biggest shows – the National Finals Rodeo in Las Vegas, the Hollywood Charity Horse Show, Night of the Horse in Del Mar, the Toronto Royal, and the PA Horse World Expo. They have also been featured in the Tournament of Roses Parade on New Year’s Day and the World Equestrian Games in Lexington, Kentucky.

His bay and white American Paint Horse, “Pokerjoe” is the star of the group. He is well known for his comedy antics, black mane, white tail, and his most requested equine act. In 2009, Pokerjoe was immortalized as a Breyer ® Horse model. Tommie’s black and white Paint Horse, “Joker,” was cast as the Celebration Breyer® Model Horse in 2006, showcasing his performances and television career.

As an owner of 14 horses from Paints, Pintos, Quarter Horses, Haflingers, Trakehners, Mini’s, Rocky Mountain and Mustangs, Tommie has dedicated his life to bringing the power and beauty of the horse to the forefront through entertainment and inspiring demonstrations. He is based at Liberty Horse Ranch in Summerville, GA. For more information about Tommie, visit Tommie’s website at www.equineextremist.net.

In addition to the Meet and Greet (held Saturday and Sunday from 2 – 3 pm on the backside of the arena, next to the arena box office), Tommie will be featured at each performance at the Draft Horse Classic. The Classic is held September 18 – 21 at the Nevada County Fairgrounds in Grass Valley. Tickets to the Classic performances are on sale now, and can be purchased by calling the Fairgrounds Office at (530) 273-6217 or visiting the Fairgrounds’ website at www.NevadaCountyFair.com.

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BBQ Cook-off and Bounty of the County Nevada County Fairgrounds

 

PART OF THE FESTIVITIES AT THE DRAFT HORSE CLASSIC WEEKEND

 “Backyard BBQ Cook-Off” on Saturday, September 20;

“Bounty of the County” on Sunday, September 21

 

In between Draft Horse performances at the Nevada County Fairgrounds, September 18 – 21, take time to visit two tasty events happening on the grounds during the weekend – “Backyard BBQ Cook-Off” and “Bounty of the County.”

On Saturday, September 20, from 1 – 4 pm, taste the delicious samples of food made by BBQ experts. Tasting tickets will be available at the event at 5 for $10. Come taste the treats, enjoy a beverage or two, and sit back and listen to live musical entertainment by local favorite “Cool Heat.”

On Sunday, September 21, Bounty of the County takes place from 1 – 4 pm.  Bring your appetite to this fun and delicious event, hosted by Nevada County Grown. Bounty of the County is a pairing of fabulous local chefs with the finest produce and meats of Nevada County Grown farmers and ranchers. This is local, fresh, and delicious food at its best – and a feast for your palate. In addition to great food, there will be music, vendors, demonstrations, and educational booths. Artists’ Studio in the Foothills (ASiF) will also feature an art exhibit and sale. For the children, there will be plenty of activities, including veggie stamping, pasta shell necklaces, recycled paper pots, butterfly plant markers, and a soil discovery station. Tasting tickets will be sold at the event at 3 for $10, and proceeds benefit local agriculture. Additional details can be found at NevadaCountyGrown.org.

In addition to these two tasty events, the Harvest Fair is bustling with activities during the weekend, including musical entertainment on the Pine Tree stage, Art at the Classic, delicious festival food on Treat Street, a clogging jamboree, a Western Trade Show, and visits to the barns.

The Draft Horse Classic and Harvest Fair runs September 18 – 21 at the Nevada County Fairgrounds. There are six performances featuring the magnificent Draft Horses – Thursday and Friday at 6:30 pm, Saturday at 10 am and 6:30 pm, and Sunday at 10 am and 4 pm.

For tickets to the Draft Horse Classic performances, or for details about the Harvest Fair activities, visit NevadaCountyFair.com or call (530) 273-6217.

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Draft Horse Classic Tickets on Sale Now

Carriage-(ProSportsPix)

Carriage-(ProSportsPix)

 

Majestic Draft Horse performances, breath-taking competitions, and seeing a Draft Horse “up-close” are all part of the festivities at the 28th annual Draft Horse Classic and Harvest Fair, September 18 – 21, at the beautiful Nevada County Fairgrounds in Grass Valley. Featuring six performances by the beautiful Draft Horses, this event has become the premier Draft Horse show in the western United States. The Classic spotlights a variety of horses, teams, and performances; featuring everything from farm wagons, carriages, and driving competitions to dancing horses and racing mules.  The stars of the show are the horses, and with more than 120 horses stabled on the grounds, the Classic offers a unique chance to observe them in a multitude of settings.

Tickets to this event are on-sale now.  Once again, we’re offering discounted pricing on adult admission tickets for evening performances, as well as on morning performances and children’s tickets.  Tickets can be purchased by calling (530-273-6217), faxing (530-273-1146), or visiting the Fair Office on McCourtney Road. Tickets can also be purchased on-line at NevadaCountyFair.com. There is a small transaction fee if you order your tickets on-line.  Ticket order forms are available at www.NevadaCountyFair.com. Choose from six performances!

Although there is a charge for the Draft Horse performances in the arena, admission to the Fairgrounds is free so all can enjoy the many activities of the Harvest Fair happening during the four days of the Classic. Visit the grounds to enjoy western music, Harvest Fair agricultural competitions and hundreds of community exhibits, a clogging jamboree, horse shoeing demonstrations, delicious food on Treat Street, and artwork at Art at the Classic. Plus, you don’t want to miss the opportunity to visit the barns and meet the famous Draft Horses up-close.

On Saturday of the Classic, it’s the Backyard BBQ and Chef’s Challenge Rib Cook-Off, happening from 1 – 3:30 pm. Whether you want to show off your cooking skills or simply join the fun and taste the treats – we’ve got it all in one place. Tasting tickets and alcoholic beverages will be available to purchase at the event.

On Sunday, September 21, enjoy the Fall-like weather underneath the tall pine trees for Bounty of the County.  Sponsored by Nevada County Grown, Bounty of the County takes place from 1 – 4 pm and is a pairing of fabulous local chefs with the produce and meats of Nevada County Grown farmers and ranchers. This is local, fresh, and delicious food at its best – and a feast for your palate.  Information is available at www.NevadaCountyGrown.org.

The Nevada County Fairgrounds is located on McCourtney Road in Grass Valley, just 50 miles northeast of Sacramento. The phone number is (530) 273-6217. Visit www.NevadaCountyFair.com for tickets to the Draft Horse Classic and for more information.

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Monkey Vs. Tigers

This gibbon is having fun, but it’s also very lucky.

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John J. O’Dell Realtor® GRI
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Destruction Derby at the 2014 Nevada County Fair

Photo courtesy of Nevada County Fairgrounds

Photo courtesy of Nevada County Fairgrounds

It’s back – the Destruction Derby at the Nevada County Fair!  The popular Derby, held on Sunday of the Nevada County Fair, will be locally produced by five of Nevada County’s Rotary Clubs – The Rotary Club of Nevada City, Rotary Club of Nevada County South, 49er Breakfast Rotary of Nevada City, Penn Valley Rotary, and Rotary Club of Grass Valley.

This year’s Destruction Derby is sure to be a crowd favorite! Watch as drivers put their cars to the ultimate test and crash, smash, and ram other vehicles while trying to keep their own vehicle running! That’s demolition at its best.

“The Nevada County Fairgrounds is extremely pleased that the Rotarians, who are leaders in our community, are taking on the production of the Destruction Derby at the Fair,” said Sandy Woods, CEO of the Nevada County Fairgrounds. “This event will be a truly locally produced event, and we are excited to be able to offer this entertainment to our community.”

The Destruction Derby is held on Sunday, August 10, at 7 pm at the Nevada County Fair. Tickets are $15 for adults and $8 for kids 12 and under.

In addition to the Destruction Derby, this year’s Fair has a full line up in the arena, including the Flying U Extreme Rodeo (produced by Cotton Rosser and Flying U Rodeo) on Wednesday and Thursday night, and Tuff Trucks and Monster Trucks (produced by Scott Miller Paving, Inc.) on Friday and Saturday night.

For tickets to Rotary’s Destruction Derby or any of the arena events, visit NevadaCountyFair.com. This year’s Nevada County Fair is August 6- 10.

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Five Days of Fun in Grass Valley Nevada County Fair

Photo courtesy of Nevada County Fair Grounds April Depiazza

Photo courtesy of Nevada County Fair Grounds April Depiazza

 

NEVADA COUNTY FAIR: AUGUST 6 – 10

Grass Valley – It’s Fair season, and the Nevada County Fair, happening August 6 – 10, has five days of “Simply Fun” planned for Fair-goers of all ages. Held under the shade of the tall pine trees in Grass Valley, the Nevada County Fair is the perfect opportunity to listen to musical entertainment, eat delicious food, enjoy carnival rides and games, visit barns full of animals, and see thousands of community exhibits – all in a community-friendly environment.

While visiting the Fair, zip line across The Green, check out the sky diver flying into the arena during the rodeo, try your hand at gold panning, walk in a water balloon, see baby chicks hatch in the embryology display, watch the Fair’s Family Feud competition, or listen to Mogollon’s music as they celebrate 20 years of performing at the Nevada County Fair. Or, how about visiting Circus Imagination, where children become instant stars by being selected from the audience, put in costume, and then performing in a spontaneous circus for the crowd.

Long-time crowd pleasing events will soar into the Fair’s arena Wednesday through Sunday evening. There’s the Flying U Extreme Rodeo happening on Wednesday and Thursday evening; while Friday and Saturday night features Tuff Trucks and Monster Trucks. On Sunday, the ever-popular Destruction Derby returns to the arena. All arena events begin at 7 pm.

Enjoy ongoing, musical entertainment at one of the outdoor stages. This year features a variety of music – pop rock, country rock, traditional country, Chicago-style blues, jazz, traditional and contemporary bluegrass, rockabilly dance, and rock and roll. Barbershop quartets, hula dancing and dancers, and Nevada County’s Concert Band will also be featured on the various stages.

For more fun, enter one of the special contests held daily in the Special Events tent. There’s a Cell Phone Photo Scavenger Hunt, an Instagram contest, Field Games, Kids Duct Tape Art Challenge, a Yo-Yo Contest, a Scrapbook Page Layout Contest, “Minute to Win It” fun, a Diaper Derby, a Just Dance Contest, and nightly karaoke. No pre-registration required – just show up and have fun. Details for contests are available on the Fair’s website.

A visit to the Fair wouldn’t be complete without a visit to Treat Street. It is here that you’ll find an array of delicious foods and drinks – pasties, tacos, corn on the cob, beer, tempura zucchini, baked potatoes, nachos, hamburgers, corn dogs, caramel corn, and more – all while supporting local, non-profit organizations.

For best deals, purchase your tickets before the Fair begins. Tickets are on sale now and advanced sale discounts are available through August 5 at 5 pm. To purchase tickets, visit NevadaCountyFair.com, stop by the Fair Office, or call the Fair Office.

Join us at this year’s Nevada County Fair, August 6 – 10, and find out why we’ve been voted as the “Best Community Event” for 12 years in a row. The Nevada County Fairgrounds is located at 11228 McCourtney Road in Grass Valley. For a list of daily activities, event details, tickets, or general information, visit www.NevadaCountyFair.com or call (530) 273-6217.

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More on the Water Wars in the Delta

1

Picture 1 of 4

Mount Diablo And Sacramento River

Pictures 1, 2 and 3 courtesy of Bill Wells

The public comment period for the Bay Delta “Conservation” Plan to divert the Sacramento River around the Delta has ended but the California Water War continues for the foreseeable future.  The Natural Resource Agency and the Department of Water Resouces (DWR) continue to provide a lot of misinformation but they are continually met with citizen truth squads.  Here is a recent op-ed in the Tracy Press to correct  some bad information recently put out by DWR Director Mark Cowin.

Read more Tracy Press
 

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