Lending

Sometimes Hollywood hits a homerun.

For example, The Big Short, the movie account of the US financial collapse of 2007-09. Its all-star cast is notable. But we were skeptical from the sound bites used in previews and other promotional blather that this would be another anti-capitalist propaganda flick. We were wrong.

Nevada Rural Housing Authority along with several community partners broke ground Wednesday on the Richards Crossing housing facility in Carson City to benefit homeless veterans. The complex is at Jeanell Drive near the corner of North Carson Street and Winnie Lane.

CARSON CITY, Nev. – United Federal Credit Union has broken ground on a second state-of-the-art branch in Carson City, Nevada. The new branch, located at 935 Jacks Valley Road, is part of a multi-phase project aimed at supporting UFCU’s planned growth in northern Nevada area.

“It is an exciting time to be a UFCU member in northern Nevada,” said UFCU Nevada Market Vice President Danny DeLaRosa. “These new branches will bring them a level of service second to none in the financial industry.”

Jennifer Morrison has rejoined the Greater Nevada Mortgage (GNM) team to work with homebuyers and real estate professionals in Carson City, and the Washoe and Douglas County areas. Her office is located inside of the Greater Nevada Mortgage office at 4070 Silver Sage Drive in Carson City.

For a few hours one day each year, children of all ages are offered the opportunity to immerse themselves in the full spirit of the season, when Cafe at Adele’s hosts Cookies with Santa, a benefit event that combines all the best aspects of good cheer with helping to provide gifts for area children.

Carson Tahoe Cancer Center, an affiliate of Huntsman Cancer Institute, University of Utah, is hosting an art show through Friday, Dec. 18. This touching collection of over 25 pieces, created by patients, survivors, caregivers and loved ones, represents an inspiring journey of hope through paintings, mixed-media, music, photography, and quilt-work.

Aqua Metals, Inc., which is commercializing a non-polluting electrochemical lead recycling technology called AquaRefining, announced Friday a $10 million loan from Green Bank in conjunction with a 90 percent loan guarantee from the U.S. Department of Agriculture Rural Development Agency for the development of its first AquaRefinery.

Beginning Oct. 3, most mortgage transactions will be required to be completed on new disclosure forms created by the Consumer Financial Protection Bureau. The new forms – the Loan Estimate and Closing Disclosure – have been designed to improve consumer understanding of the mortgage process sooner, assist consumers with comparison shopping, and prevent unexpected issues at the time of closing.

Recently a client brought in an IRS Notice that said she owed $2,834 because of a 2013 form 1099-MISC that showed she had income of $14,805. It took some extra research but we sent a letter to IRS that said she owed nothing because the form was issued in error.

STATELINE — Sports stars and celebrities worked out the kinks from tee to green Tuesday during the opening practice round of the American Century Championship at Edgewood Tahoe Golf Course at Lake Tahoe.

Among the headliners to warm up and sign autographs at the famed Tahoe South course were defending 2014 champion Mark Rypien, retired New York Yankees pitcher Roger Clemens, American Olympic soccer star Brandi Chastain and first-timer Justin Timberlake.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

Megastar and multi-talented artist Justin Timberlake will join superstar athletes and entertainers for the first time this summer at the American Century Championship celebrity golf tournament in Lake Tahoe. The much-decorated performer is an avid golfer who plays to a six handicap and is renowned in the sport for his philanthropic endeavors.

Small businesses in Nevada were a big deal in 2014. The Nevada Small Business Development Center, a statewide resource for business assistance and headquartered in the University of Nevada, Reno’s College of Business, helped open 136 new small businesses in the state last year.

“It’s easy to forget the impact small businesses can have, especially with the growing focus on many big-named businesses in the state,” Sam Males, director of the Nevada SBDC, said. “These smaller businesses created 470 jobs and $18 million in new financing, clearly making a marked impact.”

Nevada lawmakers are reviewing a bill that aims to curb predatory short-term lending. Republican Sen. Michael Roberson is sponsoring SB242, which would enact the ......

Greater Nevada Mortgage (GNM) has named James Anderson as its new Executive Vice President of Mortgage Lending. Anderson will lead GNM’s strategic initiatives and oversee sales, servicing, operations, and secondary marketing, as well as the relationship with parent company, Greater Nevada Credit Union.

The Nevada Rural Housing Authority is hosting a free Homebuyer’s Expo on Saturday, April 18, from 1 p.m. to 4 p.m. in the Bonanza Room at the Nugget, 1100 Nugget Ave, Sparks.

The Expo is designed to educate prospective homeowners on the process of purchasing a home and ways to prepare for homeownership down the road. There will be presenters from NRHA, USDA Rural Development, Financial Guidance Center, lenders and more.

The following is in answer to Brendan Trainor's RN&R Nov 6th column, The power of gold and silver.

http://www.newsreview.com/reno/power-of-gold-and/content?oid=15407117

Brendan Trainor's "Austrian School" theories won't add to his understanding of the real world of banking and finance.

Buying a vehicle is now an even better deal for Nevadans who get their financing from Greater Nevada Credit Union. Through a partnership with CU Direct, Greater Nevada has received exclusive rights to launch the region’s first AutoPREMIER auto buying service and has already signed on a variety of preferred-partner dealers.

Over the past year and a half, Greater Nevada Credit Union (GNCU), the area’s largest locally-based credit union, has seen more than 115% growth in its business lending portfolio. One of the credit union’s newest products, construction loans, is taking off just as rapidly, thanks to local businesses that want to expand, and the unique services offered by Greater Nevada to help them do it.

This week's Women to Women features Natasha Gibson whose husband, Don Gibson, is running for Carson City Sheriff. Natasha is a Nevada native, born to Reno.

Natasha was raised mostly in Carson City as a youngster and graduated from Pioneer High School. She and her husband share Brandon, 2-years-old and Dylan, 13. Natasha is employed by Advanced Industries by Design.

Mrs. Gibson credits her husband with helping her through an extremely difficult period of her life, and the insight that he gave her is one of the strengths that he is able to give others, according to Natasha.

You may be asked to help handle the finances for your parents or another relative. That is not an easy job and it might be in addition to making health care decisions and/or serving as a caregiver.

If you are named in a Power of Attorney for Financial Matters, you have a new title – “Fiduciary”. That means you need to do the work and decisions correctly, always remembering it is their money, not yours.

First read the document carefully, reading it out loud may help your understanding. Sometimes you can involve the loved one in understanding what it means.

Last week the Sierra Nevada Association of REALTORS® joined together to collect toys for the Salvation Army's "Toys for Joy" program.

The Salvation Army of Carson City serves all of Carson City and Douglas County. The Sierra Nevada Association of REALTORS® is a professional organization supporting REALTORS® in the Sierra Nevada region, including the counties of Carson City, Douglas, Churchill and Lyon (except for Fernley).

All hands were on board Saturday as the Women's Council of the Builder's Association of Western Nevada answered the call to help two Carson City homeowners in need of upgrades and repairs.

Ramsey Circle homeowner Nora McGinley fought back tears as a team of local contractors with power tools and building materials arrived at her doorstep with one mission in mind: Lending a helping hand to a good neighbor.

"I'm so grateful. It's just wonderful to know there are people in our community who go out of their way on a Saturday to do something like this," said McGinley. "It's more than I ever imagined."

Northern Nevada Consumers can now choose from a dozen preferred dealers for special pricing and financing through Greater Nevada Credit Union (GNCU) membership. Carson City Toyota Scion is GNCU’s newest preferred dealer, joining eleven other dealers in Carson City, Reno and Elko.

Business owners and aspiring entrepreneurs will have an opportunity to access resources and learn more about overcoming the issues and challenges of launching or expanding a business during the Governor’s Conference on Small Business 2013. The annual statewide conference, taking place in Reno for the first time on August 28 at the Grand Sierra Resort, will provide a comprehensive one-stop resource for information on funding, licensing, regulatory compliance and much more.

Greater Nevada Mortgage (GNM) has brought on Tracy McLeod to serve as a Mortgage Consultant in Douglas County. Her diverse background encompasses more than 20 years of experience in mortgage servicing, including title, escrow and loan origination.

McLeod is an active member of the Council of Residential Specialists, the Women’s Council of Realtors and the Sierra Nevada Association of Realtors. Additionally, her efforts in the mortgage industry were recognized by the Nevada Appeal in 2008 when she was awarded Reader’s Choice for Loan Officer.

The Private Bank by Nevada State Bank released the fifth of its High Net Worth briefings today. The research prepared by local market research firm Applied Analysis estimated that recent changes in federal tax policy could cost Nevada’s high net-worth households as much as $1.8 billion annually. Changes analyzed included those sourced to higher marginal and capital gains tax rates, modifications to the alternative minimum tax, the reintroduction of deduction limitations for wealthy families (Pease limitation), new Medicare taxes and a permanent modification to the estate and gift tax.

LAS VEGAS – The Private Bank by Nevada State Bank released the fourth of its High Net Worth briefings today. The research prepared by local market research firm Applied Analysis was specific to changes in the income and investment portfolios of Nevada’s higher income households during the past several years. The report suggests that Nevada’s higher income households were overly exposed to real estate investment risk prior to the recession and have rapidly shifted assets into low-yield bonds, transaction accounts and certificates of deposit.

Sometimes it takes a while to get the big picture, to see things coming into focus. Now, I am not much for conspiracy theories, but if anything looks like it is being driven by design, this is one. The theories driving it were formulated many lifetimes ago. The people whose sick minds spawned them are long dead. For the life of me I do not understand how any egomaniac could possibly get his jollies from a trend he might have started but maybe not even his great-grandson might see coming to fruition. But there it is, a hundred year timeline on several fronts.

Destruction of money