|
Sales Representative
We're a progressive leasing company with ambitious growth plans for 2008. If you're a proven sales rep in the small ticket arena and ready to join a winning team, contact us immediately. We offer a competitive comp plan, amazing work environment, and have strong relationships with the major funding sources.
E-mail: recruiter@gen-cap.com .
About the Company: Genesis Commercial Capital, LLC; Irvine, CA |
|
Monday, July 21, 2008
Robin Williams as “Lovelace” in “Happy Feet.” The comedian, actor, “Mork and Mindy (1978-1982),” “Mrs. Doubtfire,” “Dead Poets Society, “ “Good Morning, Viet Nam,” was born July 21, 1952, Chicago, Illinois. Trained in acting at Julliard with roommate Christopher Reeve, Williams has taken risks and shown range in films, winning the Best Supporting Actor Oscar for “Good Will Hunting” (1997, with Matt Damon & Ben Affleck). He has also won six Golden Globe Awards, two Screen Actors Awards, a Grammy Award, and is a long time World Wide Web surfer; lives in San Francisco.
http://en.wikipedia.org/wiki/Robin_Williams
Headlines---
Correction: Freddie Mac CEO $20 Million
Classified Ads---Documentation
Leasing 102 by Mr. Terry Winders, CLP
Landlord/Mortgage Waivers Today
Susan Carol Joins Advertising-Marketing List
How to create your own private/public blog
Corps Play It Safe w/Reserves for Bad Debts
Cartoon---Getting Faster
Classified Ads---Help Wanted
World Leasing News to debut July 31
Top Stories --July 14--July 18
Dash “over here”
Taking a look at 'good' credit
Bank customers can get more than $100g FDIC
Bankruptcy filings are on the rise
Paulson braces public for more tough times
Citigroup eliminated 6,000 jobs
States helping homeowners in default
News Briefs---
CalFireNews
California Nuts Brief---
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today's Top Event in History
This Day in American History
Baseball Poem
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
News on Line---Internet Newspapers
New York City
######## surrounding the article denotes it is a “press release”
-------------------------------------------------------------------
Correction: Freddie Mac CEO $20 Million 
The July 14th story stated "Fannie Mae Prez made $12MM 2007/2006 $14.4MM." As noted, it was a press release from Fannie Mae dated January 30, 2008. Leasing News assumed it was "accurate" because it came from a public entity. New information is being sought due to filings regarding the sister company, Fannie Mac.
In congressional hearings regarding "credit" and "aid" to Fannie Mae, some congressman are asking questions, considering many actions either “good ole boy” or even “socialism.” Ironically,
it is coming more from Democratic congressmen and senators than Republican!
Last Friday, Fannie Mac declared in a SEC filing Freddie Mac Chairman and Chief Executive Richard Styron took nearly $19.8 million in compensation last year, plus has additional stock options granted to him. This salary was granted to him by his board of directors even though the mortgage company's stock lost half its value in 2007.
Freddie Mac Chairman/CEO Richard Syron
For 2007, Syron received a $1.2 million salary, a $3.45 million bonus, including $1.25 million to remain at the company, and $771,585 in other compensation. He also received stock and options valued by the company at $14.3 million at the time they were awarded.
The company last year picked up the tab for Syron's financial planning expenses, car and driver for commuting, home security system, business-related dining and travel costs for his wife and $100,000 in legal fees from negotiating his employment contract.
Syron also received $898,444 from dividends on restricted stock and options he holds.
If Syron resigns or is fired with cause, he will owe the company $1.25 million. But if he is fired without cause, he will pocket $19.1 million.
July 14th story
http://www.leasingnews.org/archives/July%202008/07-14-08.htm#mae
In case you missed this one:
Fannie Mae-Mac spent millions on lobbying
http://www.usatoday.com/money/companies/2008-07-17-fannie-freddie-lobbying_N.htm
[headlines]
--------------------------------------------------------------
Classified Ads---Documentation
Irvine, CA
I have over seven years experience in the leasing industry working in
documentation & funding. Available for work immediately.
Email: jen@pwrcapital.com714-401-1132
[Resume] |
For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
Leasing Recruiters:
http://www.leasingnews.org/Recruits/index.htm
To place a free “job wanted” ad here, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm
[headlines]
----------------------------------------------------------------
Leasing 102
by Mr. Terry Winders, CLP
Landlord/Mortgage Waivers Today
The pressure to obtain a landlord wavier has weakened in the past few years because of competition and the need for fast turnaround credit and document services. However, in an economy turn down, especially in a recession or stagflation, there will be more pressure on leasing portfolios. Many are going to wish that their request for landlord waivers would have been more complete.
One of the most misunderstood and rarely asked for documents in leasing, or financing, is the dreaded landlord’s waiver. It is a form that allows you to preauthorize access to the property in which your equipment, or collateral, is located upon a default. While some landlords do not like to sign the waver it is one of the most important documents to have to protect your asset when default occurs. The more risky the credit the more important the landlords form. Selling a landlord on the importance of the waiver to your credit decision is as important as selling the lease to the lessee and cannot be taken lightly.
Property rights is one of the most sacred parts of our laws so if a property owner refuses to allow entry on to his property, to retrieve your asset, you may have to litigate for the privilege and it will be expensive and time consuming. It is not fun when a bankrupt judge releases your asset from the bankruptcy and when you go to pick it up the landlord refuses to allow you entrance to his property.
In the beginning when everything looks to be acceptable and the purpose is explained, in person, to the landlord and the Lessor promises or states in the waiver not to enter the premises without permission, or with the landlord in attendance, and will repair or replace any damage sustained form the removal process most landlords will sign the form. Most landlords are afraid of the damage that remains after contract repossessors leave the property. So telling them that you will repair, or clean up after yourselves, and are willing to put that in the form smoothes their fears and many will sign the form. That language reads as follows;” The Lessor or Secured Party shall promptly, at its sole expense, repair in a commercially reasonable manner any and all damages to the Premises caused by such removal.”
However, when sent in the mail with no explanation except “please sign and return” you should expect your document to be thrown away instead of returned. Also a landlord sometimes looks at his tenet as less desirable when forms are shoved in his direction with no courtesy call or explanation. I have never had a landlord fail to sign my form when I had a salesperson call on him and explain the purpose and explain our procedure should a default ever occur. I have even had conversations with landlords who later called me when the lessee was moving the leased equipment or was trying to sell it out of trust. A landlord can become a good source of information and usually is in the same boat as you are when things begin to go south.
If you do not have a landlord waiver I would suggest you contact them once it appears the lessee is starting to have problems or is a chronic pass due. If you are up front with the landlord they can help by keeping an eye on the lessee or if they are confrontational you know it early and can take the appropriate steps at once to avoid lengthily delays later.
If you are going to have trouble with a landlord contact your attorney to determine the property rules in that State so you can act with knowledge and foresight. It would also be important to know the issues in the state in which you have a large amount of assets like office equipment or data processing equipment where long delays can wipe out any thought of much recovery.
If the Lessee owns the property and it is mortgaged the same issues apply.
In my audit experience, many companies are not up-to-date with their documentation, especially landlord waiver documents and procedures.
Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666.
He invites your questions and queries.
Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm
(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)
[headlines]
--------------------------------------------------------------
Susan Carol Joins Advertising-Marketing List
Leasing Advertising-Marketing
These companies have experience in the finance and leasing industry
Please fax our request form back to 408.317-2066 or you
may e-mail to: kitmenkin@leasingnews.org .
Second Column: YCS - Year Company Started | YELB - Years in equipment Leasing Business
|
Name
City, State
Contact
Website
Leasing Association |
YCS
YELB
(see above for meaning)
|
Geographic Area |
Client Ref: |
|
Susan Carol Associates Public Relations, Inc.
Fredericksburg, Virginia 22401-8409
Susan Carol, APR
sca@scapr.com
540-361-1274
http://www.scapr.com
ELFA, The Lease Blog
|
1989
23 |
|
The Alta Group |
Integrating public relations, branding, marketing and advertising for measurable results. |
[headlines]
--------------------------------------------------------------
How to create your own private/public blog
By Christopher Menkin
A site that allows you to utilize your own web host to download and install software is
www.wordpress.org.
Bloggers interested in a hosted service that does not provide marketing and private information via cookies and other internet techniques can run their blogs on Wordpress.com. This site draws 90 million monthly page views and is ranked no 29 on Quantcast.com and No. 31 on Alexa.com, which Leasing News used to rate leasing web media site.
In reality, most of the sites such as Classmates, Myspace, Lindekin, and even the Lease Blog are combination websites and listserv. True blogs are for instance Shawn Halladay of the Alta Group, who started www.leasingnotes.com, primarily on accounting and tax issues, but were basically his topics in the choosing. He told Leasing News his business with the Alta Group has kept him too busy to continue it, but maybe some day....
Another is now incorporated into Jeffrey Taylor's http://www.executivecaliber.ws/sys-tmpl/door/
He is a retired CPA, active Certified Leasing Professional (CLP) and an expert on FASB, GAAP and Sarbanes-Oxley (SARBOX).He was a lease trainer, turned real estate broker in Arizona and now also
runs http://scottsdaleluxurycruises.com/ His Jeff Taylor blog was at one time over 18,000 worldwide.
While there are many sales networks as wells as what are called browsers, Yahoo, Google, and others who offer a private blog program, they are actually extensions of their main site for advertising purposes, gaining information on where you go, who you contact, and utilize the information not only for marketing but selling your email contacts and information on specific information. They are the masters of “Trigger Data,” bringing ads to searches, selling information for direct internet marketing, including lists. This is done very easily with "cookie" information. Anyone who follows the stock market realizes the advertising capabilities that Yahoo, Google, and others get to create leads or bring advertising direct to you is done through the information they obtain from your browsing habits, including the information from services they offer, such as blogs, personal pages, and even news pages (and many more such sites where advertisers pay per hit or word.)
With the growth of the Lease Blog, as well as Classmates, MySpace, Ning, LinkedIn, Plaxo, you may want to look into a "blog" for your personal and/or business experience. Believe it or not, the most popular media communication was AOL, and most of the so-called other sites have grown from the original concept. You should host your own site and choose the features you want, and keep the information on where you go, and who visits you, private. As in setting up an e-mail address book, one can be set up for individuals as well as groups (clients, vendors, friends, relatives), both private and public.
Leasing News communicates with its "advisors" on a private blog, for instance. Messages are posted, then sent as e-mail to those who have access. They need not respond, or they may send an individual e-mail. The advantage is they do not need to "log in." If they want to respond to the entire group, they then "log in" and respond. The site also records when the last day a member logged in to make a response or review items in the log, which also can be set up in a subject matter.
You can set up more than one blog on your web page or blog service to contact your sales personnel, brokers, vendors, credit department, collection department, the entire company or your relatives, friends, or hobby group or interest group; you can have multi-addresses, too, if you want to include cell phones or other media, as many savvy internet users do, or keep it simple.
According to the search engine company Tecnorati, 175,000 blogs are created each day in the world. The estimate there are 113 million with 184 million bloggers creating 570,000 posts each day, reaching 70 percent of web surfers each day. Blogging has both personal and business purposes.
--
Dictionary.com definition of a blog: "an online diary; a personal chronological log of thoughts published on a Web page; also called Weblog, Web log."
"web·site or Web site"
n. A set of interconnected webpages, usually including a homepage, generally located on the same server, and prepared and maintained as a collection of information by a person, group, or organization.
Dictionary.com (note both spellings are acceptable, but website preferred.editor).
"Listserv: an e-mail discussion group; an online mailing list."
Dictionary.com
The Leasing Blog:
http://www.theleaseblog.com/
Note: Christopher Menkin utilizes AOL, Classmates, Google, The Lease Blog, Myspace, Ning, Lindekin, Plaxo, Yahoo, and several others. Leasing News has also utilized blog, chatforum, and "live" in the past. Leasing News started out as a "listserv" in early 1990's. As a side note, many of these groups help with getting “inside” news and events. Our secret to being ahead of the competition comes from our
readers and friends on these network connections.
[headlines]
--------------------------------------------------------------
Corporations Play It Safe With Reserves for Bad Debts
Credit Today
www.creditToday.net
For the past two years bad-debt reserves have exceeded actual write-offs to bad debts by over 11 times, according to this month's Credit Today mini-benchmarking survey. Looking ahead, data suggest corporations are being even more cautious in fiscal year 2008. In many companies, determining the reserve for bad debts is as much an art as a science.
Even if you base the calculation on a historical standard such as the percentage of yearly sales that end up being written off as bad debts, what is to say this year's receivables will bear any resemblance to those of the past? That is certainly part of the reason why corporations consistently maintain much higher bad-debt reserves than history would indicate they need. Despite your best credit and collection skills, you never know when a large account, or two or three, could hand you an unpleasant surprise.
A lot of small business failures can also be a problem. Larry Lederman, credit manager with Gallery Marketing Group, Niles, IL, observes, "In the gift industry, there is a much greater failure of businesses than with other industries. We are therefore increasing our reserve position."
Our latest monthly benchmarking survey explored recent trends regarding the relation between bad-debt reserves, actual write-offs, sales and DSO. We also asked our survey participants about their policies for setting the amount of their company's reserve for bad debt and determining when a receivable should actually be taken off the books.
Our survey sample included a diverse range of industries, though consumer products manufacturing and wholesale/distribution made up 58 percent of the total. The sample was even more balanced in terms of gross profit margins (not to be confused with net profit). The participants were roughly split in thirds between low, moderate and high selling margins. Annual sales for 2007 ranged from $12 billion on the high end to $1.3 million on the bottom: the average was $929.4 million and the median $306.5 million. On the whole, our participants provide a fairly representative sample of corporate America.
Policy Considerations
The companies we polled revealed considerable variety in the standards used to decide when a debt is uncollectible and should therefore be removed from the books. The three most popular criteria were used by only about 50 percent of the survey participants.
Slightly over half record the write-off when an agency or attorney advises that the receivable is uncollectible, but nearly as many take the hit at the time an account is placed for collection with a third party. When it comes to bankruptcies, 46 percent charge their bad-debt reserve upon receipt of a bankruptcy notice while 11 percent wait until the bankruptcy is discharged by the court, and one participant takes a partial write-off upon the filing of a bankruptcy and maintains the balance on the receivables at "net expected value."
In addition, a couple of companies left the write-off decision to the discretion of the corporate credit manager. When it comes to setting the amount of the reserve for bad debt, there is no single standard. In fact, many of the respondents use a combination of methods to arrive at a number for the reserve with which they are comfortable. Interestingly, a percentage of the receivables are favored over a percentage of sales - 31 percent to 23 percent.
Quite a few also selected specified accounts in combination with either a percent of receivable or of sales. For example, one company reported that it takes a specific reserve by account for their top 100 customers and then a percentage of receivables for everybody else.
The most popular method based on outstanding receivables involved taking a weighted percentage of a series of aging categories, higher percentages added to the reserve as the outstanding receivables got older.
Those we categorized as other involved more in-depth analysis of their receivables, including the use of scoring and other risk ratings as well as more complex formulas for computing the bad debt reserve. One such formula involved calculating the percentage of actual write-offs to average sales for the last 24 months, less credits and discounts, and multiplying that amount by total sales for the previous twelve months less discounts and credit plus total A/R times gross profit.
The full story is available at www.credittoday.com
copyright 2007 Credit Today, reprinted with permission:" www.CreditToday.net
[headlines]
--------------------------------------------------------------
[headlines]
--------------------------------------------------------------
Leasing Industry Help Wanted
National Account Manager
Arizona * California * Illinois * Minnesota |
TOP PERFORMERS ONLY
SINCE 1995
National Account Manager
60% commission. APP only to $ 250,000. No industry/geo restrictions. Tremendous flexibility/freedom: your home office or our regional offices. BJohnson@Alliancecap.com
|
|
Sales Representative
|
Sales Representative
We're a progressive leasing company with ambitious growth plans for 2008. If you're a proven sales rep in the small ticket arena and ready to join a winning team, contact us immediately. We offer a competitive comp plan, amazing work environment, and have strong relationships with the major funding sources.
E-mail: recruiter@gen-cap.com .
About the Company: Genesis Commercial Capital, LLC; Irvine, CA |
|
Vendor Sales Specialists
|
VENDOR SALES SPECIALISTS
LEASING SALES PROFESSIONALS
Like selling vendor programs and large transactions?
Enjoy international financing programs?
Prefer the advantages of a commission only environment with the security of health and welfare benefits?
CLICK HERE to find out how to have fun again. |
About the company: Located on the water in
beautiful Newport Beach, California.The environment is positive. |
Growing vendor based equipment leasing company
Learn our value proposition
2 Years Sales or Related Exp.
College Degree Preferred
You will work with people
that you can trust and respect
Click here to learn more
|
|
Please see our Job Wanted section for possible new employees.
[headlines]
--------------------------------------------------------------
World Leasing News to debut July 31
Many in the leasing industry throughout the world await Icon Sudhir Amembal’s web newspaper to debut this July 31, 2008.
Its format will give the web news media a wake up call on events that are global in nature. While the name is similar to Leasing News, it is not affiliated.
The editor is Lisa Lafter, who also is the editor of the United Association of Equipment Leasing “Newsline,” but perhaps more well-known as the long time editor of the Monitor on line and magazine as well. In addition, Susie Angelucci, the former Monitor advertising director, is joining the on line publication which they plan to come out each Tuesday and Thursday, plus up-dated daily, including issuing a monthly printed magazine, which most likely will be in direct competition to the Monitor.
To sign up, please see the advertisement that follows. Should you have any technical difficulties, perhaps contact: lisarafter@rw-assoc.com
Advertisers who want to reach the global marketplace, here is an opportunity to get in on the ground floor with a preferred position.
"World Leasing News is a separate entity and not affiliated with Leasing News "
[headlines]
--------------------------------------------------------------
Top Stories --July 14--July 18
Here are the top ten stories most “opened” by readers last week:
(1) Funder of Leasing Co’s in Trouble
http://www.leasingnews.org/archives/July%202008/07-16-08.htm#funder
(2) SunBridge Capital on the ropes?
http://www.leasingnews.org/archives/July%202008/07-14-08.htm#sun
(3) Lakeland concerned about leasing
http://www.leasingnews.org/archives/July%202008/07-18-08.htm#lake
(4) Leasing 102 by Mr. Terry Winders, CLP
Lease instead of Loan
http://www.leasingnews.org/archives/July%202008/07-14-08.htm#102
(5) Largest leasing convention of year now 3 days!
http://www.leasingnews.org/archives/July%202008/07-18-08.htm#conv
(tie)
(6) Free Lease-vs.-Buy Calculator
http://www.leasingnews.org/archives/July%202008/07-14-08.htm#calc
(tie)
(6) Fannie Mae Scandal: A History
http://online.wsj.com/article/SB121599777668249845.html?mod=googlenews_wsj
(7) Trigger Leads---Part IV
http://www.leasingnews.org/archives/July%202008/07-16-08.htm#trigger
(8) ACC Capital joins the Funder list
http://www.leasingnews.org/archives/July%202008/07-18-08.htm#fund
(9) More on Troubled Banks
http://www.leasingnews.org/archives/July%202008/07-16-08.htm#trbl
(10) Trigger Leads---Part III
by Christopher Menkin
http://www.leasingnews.org/archives/July%202008/07-14-08.htm#trigger
Tie: Often these are not actual "ties," meaning they have the same count, but are very close. Leasing News has had actual "ties," and in one instance, three stories all tied in actual visits by readers. Editor.
[headlines]
--------------------------------------------------------------
Dash “over here”
“…sorry its taken awhile for a picture...bandwidth is very very very slow this pic will take an hour just to send....”
That’s my son Dash on the left (note: he is apolitical, not left or right) and a professional sailor who drives a pick-up truck, but mostly a Harley-Davidson, swims five miles a day when in the United States, plus runs five to seven miles (he says time, not miles, is important,) plus works out in the gym, still not married, listens to Johnny Cash and AC/DC, and I can tell you more, but he doesn’t like me writing about him.
I am not permitted to say where he is or what he does, as if he is captured, the enemy has access to the internet and will learn too much about him. I can tell you he is on his fourth tour of duty in the middle east. I am very proud of him.
Kit Menkin
[headlines]
--------------------------------------------------------------
Taking a look at 'good' credit
By Dana Dratch • Bankrate.com
You've sent for your credit report and paid extra for your credit score. Now what?
You probably sent for it because you want to know one thing: How good (or bad) is your credit?
But instead of a straight answer for your trouble, your report consists of a list of current and past debts plus a number. And what that number means can vary widely.
"Every company sets its own criteria," says Maxine Sweet, vice president of public education for Experian, one of the three major credit bureaus.
At the same time, that number is becoming more important in everyday life, as everyone from insurance companies to potential employers have started looking at credit histories and scores.
"More nontraditional types of entities are using credit scores," says Janet Garkey, editor with the Credit Union National Association's Center for Personal Finance.
While credit ratings and credit scores take on more meaning and importance in everyday life, so do the misunderstandings and misconceptions that surround them.
Myth: There's just one type of credit score.
"There are a lot of different scoring models out there," Garkey says. Making it even more confusing, different creditors will look at different factors, she says. "They don't necessarily look at the same thing."
Many larger financial institutions have their own scoring system (which you may or may not ever see). Credit bureaus also have their own separate scoring system, which they sell to creditors and consumers. Several years ago, the three bureaus banded together to introduce a new numerical rating system.
Dubbed the Vantage score, it runs from 501 to 990 and also gives consumers an academic letter grade.
But when it comes to credit scores, one of the most common versions is the FICO score. "It's the 800-pound gorilla," says Craig Watts, public affairs manager with Fair Isaac Corp., the company that pioneered credit scoring and introduced FICO scores nearly 20 years ago.
A FICO score can range from 300 (very bad) to 850 (very good). The median is 723, according to Fair Isaac statistics.
Some reassuring news: The majority of consumers still have good credit. Forty-five percent of consumers have a score between 700 and 799, and 13 percent score above 800, according to statistics from Fair Isaac.
Just like the SATs, perfect scores are rare. Even though 850 FICO scores do exist, high scores taper off around 825, says Sweet. "You can't get much better -- that's pretty much walking on water," she says.
Now for the rest of the population: 27 percent rank above 600, and 13 percent weigh in above 500. Only 2 percent have 500 or below, according to Fair Isaac numbers.
Myth: There's only one yardstick for assessing what the numbers mean.
Even with the same brand of credit score, different lenders will set different ranges for what constitutes good, better and solid-gold credit ratings.
Taking a look at 'good' credit
Depending on whom you ask, "good" credit will start at a different place on the scale, even with the same type of score.
Consider these diverse views:
• On a 300 to 850 scale, "Lenders are going to be looking for something 650 and above to be able to offer you a favorable rate," says Steve Katz, spokesman for TransUnion.
• With a FICO score, "Anything about 690 is considered pretty good," says Linda Sherry, director of National Priorities for Consumer Action, a D.C.-based advocacy group.
• "Any score above 700 is considered a very good score," says Gail Cunningham, senior director of public relations for the National Foundation for Credit Counseling Service.
• Anything in the range of "720-plus is pretty good," says Garkey.
• But Curtis Arnold, founder of CardRatings.com, puts someone with a 650 to 699 FICO score in the "marginal" category. When that same consumer hits 700 and up, that's when he or she can expect to get better offers for credit cards, he says.
Afraid your number is too low? You can't always tell, especially these days. While some lenders would see a specific number and decline credit, "others will go after you," says Sweet.
While one bank might give a consumer with a certain FICO score favorable rates, another could put that same person into the subprime lending category. The lesson here: Know your scores, and then shop around.
What lenders want to see
Even though the formulas will vary, and lenders will look for different numbers, five basic criteria will usually play a big part in determining your scores and credit worthiness:
Payment history
Percentage of available credit you're using
Length of your credit history
Your recent efforts to get more credit
Mix of credit types you use
Different lenders or institutions will give different weight to various factors when they develop their formulas. At FICO, which is used in the majority of mortgage applications, here's the breakdown:
The breakdown:
• Payment history: 35 percent.
• Current balances: 30 percent.
• Length of credit history: 15 percent.
• Interest in getting new credit: 10 percent.
• Mix of credit/other factors: 10 percent.
If lenders believe that other factors correlate to a higher or lower risk, they may include those in their formula. Some examples: how long you've been at your job, your income, if you have a phone in your name, or whether you rent or own your car or home.
But forget trying to predict the "right" response. Depending on the lender or type of loan, the creditor may want to see a different answer.
What they legally can't consider: gender, race, ethnicity or age (if you're over 65).
Learning your credit score, and what that number means in the real world, "empowers you during the application process," says Arnold. "If you don't know your score, you don't know what you can expect. You're venturing into the whole process blindfolded."
Dana Dratch is a freelance writer based in Atlanta.
[headlines]
--------------------------------------------------------------
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)
News Briefs---- Bank customers can get more than $100g in FDIC insurance coverage
http://www.fosters.com/apps/pbcs.dll/article?AID=/20080720/GJBUSINESS_01/68246295
Bankruptcy filings are on the rise
http://www.nypost.com/seven/07202008/business/run_on_the_bank_120744.htm
Paulson braces public for more tough times
http://www.usatoday.com/money/industries/banking/2008-07-20-tough-times_N.htm
Citigroup eliminated 6,000 jobs during the quarter, and about 11,000 from January to June.
http://www.usatoday.com/money/companies/earnings/2008-07-18-citigroup-earnings_N.htm
States helping homeowners in default
http://www.usatoday.com/money/economy/housing/2008-07-17-foreclosure-help_N.htm
Long waits, different looks as 7,000 give 'Idol' a shot
http://www.usatoday.com/life/television/news/2008-07-17-idol-auditions_N.htm
[headlines]
--------------------------------------------------------------
Fire News
http://www.fire.ca.gov/index_incidents.php
Big Sur:
www.surfire2008.org/
[headlines]
----------------------------------------------------------------
California Nuts Briefs--- Recount of unpaid Sacto library fees jumps total to $4.6 million
http://www.sacbee.com/1089/story/1093392.html
Governor Arnold Schwarzenegger has declared September 2008 California Wine Month
http://californiafarmer.com/index.aspx?ascxid=fpStory&fpsid=34880&fpstid=2
[headlines]
----------------------------------------------------------------
(This is a free “ad” for our good friends the Bateman’s,
proprietors of Thunder Mountain Kona coffee)
“Gimme that Wine” Bailout of Napa wine shrine flawed; Copia was broke and had violated tax rules
http://www.sacbee.com/101/story/1095434.html
Down-home Saratoga winery (Leasing News country)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/18/WIPG11N6B5.
DTL&hw=wine&sn=006&sc=186
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/
[headlines]
----------------------------------------------------------------
Calendar Events This Day Belgium: National Holiday.
Marks accession of first Belgian king, Leopold I, in 1831, after independence from Netherlands.
Guam: Liberation Day
National holiday. Commemorates US forces’ return to Guam in 1944, freeing the island from the Japanese.
Monkey Day
http://homeschooling.about.com/od/langearlyread/ss/lettermcolor_7.htm
National Junk Food Day
http://holidayinsights.com/other/junkfoodday.htm
Saint feast Days
http://www.catholic.org/saints/f_day/jul.php
[headlines]
----------------------------------------------------------------
Former Actor, now Governor of California, Arnold Schwarzenegger bought the first Hummer manufactured for civilian use in 1992. The vehicle weighed in at 6,300 lbs and was 7 feet wide.
[headlines]
----------------------------------------------------------------
Today's Top Event in History
1922 - Kay Starr is born in Dougherty, Okla. She begins her musical career with Joe Venuti's orchestra at age 15. She sings briefly with Glenn Miller, Charlie Barnet and Bob Crosby before launching a solo career in 1945. Her biggest hits are the No. 1 songs "Rock & Roll Waltz" and "Wheel of Fortune" and
The wheel of fortune
Goes spinning around
Will the arrow point my way
Will this be my day
Oh, wheel of fortune
Please don't pass me by
Let me know the magic of
A kiss and a sign
While the wheel is spinning, spinning, spinning
I'll not dream of winning fortune or fame
While the wheel is turning, turning, turning
I'll be yearning, yearning
For love's precious flame
Oh, wheel of fortune
I'm hoping somehow
If you'll ever smile on me
Please let it be now
While the wheel is spinning, spinning, spinning
I'll not dream of winning fortune or fame
While the wheel is turning, turning, turning
I'll be yearning, yearning
For love's precious flame
Oh, wheel of fortune
I'm hoping somehow
If you ever smile on me
Please let it be now
[headlines]
----------------------------------------------------------------
This Day in American History 1669 - John Locke's Constitution of English colony Carolina was approved.
1823 - After pirate attack, LT David G. Farragut leads landing party to destroy pirate stronghold in Cuba.
1828-The first strike in which a militia was called out occurred in Paterson, NJ when the Godwin Guards of the national militia were ordered to keep peace during a strike bought about by the changing from noon to one o’clock. the strikers were defeated, but the noon lunch hour was afterwards restored.
1832- Henrietta King Birthday – Founder of King Ranch in Texas. She inherited a good size ranch in west Texas - 500,000 acres - from her husband and a king-sized debt. By all reason the ranch should have gone on the auction block, but Henrietta was a stubborn woman. She decided to run it herself, hiring her son- in-law to assist. Together they streamlined the ranch operations. She personally developed the Santa Gertrudis cattle breed that became the mainstay of the Texas cattle business. When she died at age 92 in 1925, she had parlayed that nearly bankrupt ranch into the world-renowned King Ranch of 1,280,000 debt-free acres and an estate in excess of $5 million.
http://www.tsha.utexas.edu/handbook/online/articles/view/KK/fki16.html
http://www.harcourtschool.com/activity/biographies/hking/
http://www.taliesyn.com/hmking/hmking.htm
1846- Mormons found first “American” settlement in California (San Joaquin Valley) called “New Hope.”
http://www.amazon.com/exec/obidos/ASIN/0934153094/inktomi-bkasin-20/
103-5362656-4423850
http://wwwlibrary.csustan.edu/bsantos/calif.html
1853- Anna Adams Gordon birthday - U.S. social activist. AAG at 24 became the live-in private secretary of Women's Christian Temperance Union (WCTU) organizer and its long-time president Frances Willard. She became a prominent activist in the WCTU in addition to her duties to Willard and she served as national as well as world WCTU president after Willard's death. It was under her presidency that the U.S. adopted the 18th Amendment prohibiting the manufacture and sale of liquor, the last major attempt by government to legislate morality and like all others, it failed. Contrary to popular belief, deaths from alcohol abuse recorded by hospitals went down considerable, as did traffic accidents.
http://search.eb.com/women/articles/Gordon_Anna_Adams.html
1856- Louise Blanchard Bethune birthday - U.S. architect. She was the first professional architect in the U.S. who was also a woman. In 1889 she was elected the first woman member of the American Institute of Architects.
http://www.fredbecker.org/News%20Letter/L%20Bethune.htm http://ah.bfn.org/a/archs/beth/bethberk.html http://www.distinguishedwomen.com/biographies/bethunel.html
1861-In the Battle of Bull Run Union General Irvin McDowell was defeated by Confederate troops led by General Joseph E. Johnston at the first Battle of Bull Run at Manassas, VA. It was the first major engagement of the war. It was during this battle that Confederate General T.J.Jackson won the nickname “Stonewall” (by the way, the movie “Gods and Generals is only boring, but inaccurate.) In the second Battle of Bull Run, August 29-30,1962, Union General John Pope was badly defeated by General Robert E. Lee. For trivia buffs, CS Col Francis Stebbins Bartow, 8th GA, killed at 1st Bull Run July 21, 1861, was the first Georgian to die in the war.
On July 18, 1861, with Confederate and Union troops gathering nearby, a Union shell dropped through the chimney of the home of Wilmer McLean who had retired to an estate near Manassas Junction VA. When the smoke had cleared and the first major battle of the war known as 1st Bull Run was over, McLean moved away from the war to a small quiet area of Virginia known as Appomattox Court House. On Sunday, April 9, 1865, the war ended in McLean's parlor with the meeting of Lee and Grant for the signing of the surrender of the Army of Northern Virginia.
(lower half of : http://memory.loc.gov/ammem/today/jul21.html)
1865-The New Orleans Tribune, first daily Black newspaper, is published in English and French. Belgian scientist Jean- Charles Houzeau became managing editor of the New Orleans Tribune that year. Ardently sympathetic to the plight of Louisiana’s black population and reveling in the fact that his dark complexion led many people to assume he was black himself, Houzeau passionately embraced his role as the Tribune’s editor and principal writer. The paper closed on February 28, 1869. Presently the New Orleans Tribune is a monthly newsmagazine targeted to the upscale African-American community. Founded in 1985 by Dr. Dwight and Beverly McKenna, the Tribune has earned a reputation as a fearless, pioneering advocate for social, economic and political issues often ignored by the mainstream press.
http://www.aaregistry.com/african_american_history/1219/
The_New_Orleans_Tribune_founded
http://www.neworleanstribune.com/
1886- The cardinal's hat was conferred upon Elzear Alexandre Taschereau, 66, archbishop of Quebec. He was the first Canadian to be made a cardinal in the Catholic Church.
http://www.archiv.umontreal.ca/Galeries/Groupe/TaschereauCardinal.htm
http://www.newadvent.org/cathen/14462b.htm
1896-National Association of Colored Women founded by Mary1873 - Jesse James and his gang conducted the first train robbery in America. At Adair, Iowa, James and company took $3,000 from the Rock Island Express.
Church Terrell in Washington ,DC
http://memory.loc.gov/ammem/aap/terrell.html
http://www.tnstate.edu/library/digital/terrell.htm
http://www.spartacus.schoolnet.co.uk/USAnacw.htm
http://www.cr.nps.gov/nr/travel/civilrights/dc2.htm
http://gos.sbc.edu/t/terrellmary.html
1898- Sara Dougherty Carter birthday - U.S. music legend. SDC, with her husband A.P., formed the nucleus of the Carter family singing group that included cousin Maybelle Carter (B. 05- 10-1909) and Maybelle's children (including June Carter)as they grew up. The group disbanded in 1943. The group was responsible for the popularization of Appalachian and folk music and was the first group to be elected to the Country Music Hall of Fame. Much of today's country music depends on the innovative guitar styling of Maybelle as well as Sara's slide picking.
http://www.artistdirect.com/music/artist/bio/0,,412598,00.html?artist=Sara+Carter
http://www.bartleby.com/65/ca/CarterFam.html
1899-Birthday of Ernest Hemingway, American short story writer and novelist born at Oak Park, IL. Made his name with such works as The Sun Also Rises (1926), A Farewell to Arms (1929), For Whom the Bell Tolls (1940) and The Old Man and the Sea (1952). He was awarded the Nobel Prize in 1954 and wrote little thereafter; he shot himself July 2, 1961, at Ketchum, ID, having been seriously ill for some time.
http://memory.loc.gov/ammem/today/jul21.html
1911-Birthday of (Herbert) Marshall McLuhan, university professor and author, called "the Canadian sage of the electronic age," was born at Edmonton, Alberta, Canada. Understanding Media and The Medium is the Massage (not to be confused with his widely quoted aphorism: "The medium is the message"), among other books, were widely acclaimed for their fresh view of communication. McLuhan is reported to have said: "Most people are alive in an earlier time, but you must be alive in our own time." He died at Toronto, Ontario, Dec 31, 1980.
1922 - Kay Starr is born in Dougherty, Okla. She begins her musical career with Joe Venuti's orchestra at age 15. She sings briefly with Glenn Miller, Charlie Barnet and Bob Crosby before launching a solo career in 1945. Her biggest hits are the No. 1 songs "Wheel of Fortune" and "Rock & Roll Waltz."
1925 -Following a sensational 12-day trial, high school biology teacher John T. Scopes was found guilty of teaching evolution in his Dayton, TN classroom and was fined $100.
http://www.pbs.org/wgbh/amex/monkeytrial/timeline/index.html
http://www.law.umkc.edu/faculty/projects/ftrials/scopes/evolut.htm
http://www.law.umkc.edu/faculty/projects/ftrials/scopes/menk.htm
http://www.freeessays.cc/db/26/hmd422.shtml
http://xroads.virginia.edu/~UG97/inherit/1925home.html
1929-birthday of singer Helen Merrill singer New York
http://www.museum.media.org/ella/carnegie/artists/merrill.html
1931-birthday of tenor sax player Plas Johnson Donaldsville, LA
http://www.plasjohnson.com/
http://www.spaceagepop.com/johnson.htm
1934-- 113ø F (45ø C), near Gallipolis, Ohio (state record)
1943 -- "Stormy Weather" premieres in New York City with Lena Horne, Bill "Bo Jangles" Robinson, Fats Waller, Cab Calloway, the Nicholas Brothers, & Katherine Dunham. A week before the premiere, Horne said of African American actors, "All we ask is that the Negro be portrayed as a normal person. A worker in a union meeting, a voter in the polls...or an elected official. Perhaps I'm being naive. Perhaps these things will never be straightened out on the screen itself, but will have to wait until... [they're] solved in real life."
http://www.parabrisas.com/m_hornel1.html
http://www.reelclassics.com/Actresses/Horne/horne.htm
http://www.pbs.org/wnet/americanmasters/database/horne_l.html
http://www.amazon.com/exec/obidos/ASIN/B000001HKG/inktomi-musicasin-20/
103-5362656-4423850
1946---Top Hits
The Gypsy - The Ink Spots
They Say It’s Wonderful - Frank Sinatra
Surrender - Perry Como
New Spanish Two Step - Bob Wills
1949-birthday of Modern Blues Record owner/producer Dan Jacoubovitch, Roslyn, L.I..N.Y.
http://www.bluespower.com/armod.htm
http://www.bluespower.com/alph.htm
1950--DEAN, WILLIAM F. Medal of Honor
Rank and organization: Major General, U.S. Army, commanding general, 24th Infantry Division. Place and date: Taejon, Korea, 20 and 21 July 1950. Entered service at: California. Born: 1 August 1899, Carlyle, Ill. G.O. No.: 7, 16 February 1951. Citation: Maj. Gen. Dean distinguished himself by conspicuous gallantry and intrepidity at the repeated risk of his life above and beyond the call of duty. In command of a unit suddenly relieved from occupation duties in Japan and as yet untried in combat, faced with a ruthless and determined enemy, highly trained and overwhelmingly superior in numbers, he felt it his duty to take action which to a man of his military experience and knowledge was clearly apt to result in his death. He personally and alone attacked an enemy tank while armed only with a hand grenade. He also directed the fire of his tanks from an exposed position with neither cover nor concealment while under observed artillery and small-arm fire. When the town of Taejon was finally overrun he refused to insure his own safety by leaving with the leading elements but remained behind organizing his retreating forces, directing stragglers, and was last seen assisting the wounded to a place of safety. These actions indicate that Maj. Gen. Dean felt it necessary to sustain the courage and resolution of his troops by examples of excessive gallantry committed always at the threatened portions of his frontlines. The magnificent response of his unit to this willing and cheerful sacrifice, made with full knowledge of its certain cost, is history. The success of this phase of the campaign is in large measure due to Maj. Gen. Dean's heroic leadership, courageous and loyal devotion to his men, and his complete disregard for personal safety.
1951 - The National Association for the Advancement of Colored People protested the television version of "Amos 'n' Andy." The NAACP called it "a gross libel on the Negro and distortion of the truth".
1953-Birthday of Robin Williams, comedian, actor ("Mork and Mindy," Mrs Doubtfire, Dead Poets Society, Good Will Hunting,Good Morning, Vietnam), born Chicago, IL.
1954---Top Hits
Little Things Mean a Lot - Kitty Kallen
Sh-Boom - The Crew Cuts
Goodnight, Sweetheart, Goodnight - The McGuire Sisters
Even Tho - Webb Pierce
1956- In a 13-6 defeat to the Cubs, Dodger shortstop Pee Wee Reese becomes one of five active players to collect his 2000th hit and Junior Gilliam sets a major league record by handling 12 assists at second base.
1956--Billboard calls Elvis Presley "the most controversial entertainer since Liberace." The article also notes that Ed Sullivan, who once said Presley would never appear on his show, just signed the singer for three appearances
1957 - When she won the Women's National clay-court singles competition, Althea Gibson became the first black woman to win a major United States tennis title
1958 - On CBS-TV, the last installment of "Arthur Godfrey’s Talent Scouts" aired. Many artists owed their starts to "Talent Scouts," including Tony Bennett, Pat Boone, The McGuire Sisters and a singer named Connie Francis; who not only sang, but played the accordion.
1962---Top Hits
Roses are Red - Bobby Vinton
The Wah Watusi - The Orlons
Johnny Get Angry - Joanie Sommers
Wolverton Mountain - Claude King
1963- The usually mild-mannered Dodger manager Walter Alston is thrown out of both games of a doubleheader as the Braves sweep a twin bill for the first and only time in Milwaukee, 7-2 and 13-7. To make matters worse, the Los Angeles skipper has beer thrown in his face by a hometown fan as he leaves the second game.
1967-The Youngbloods and Wildflower performed at the San Francisco California Hall. Grand opening of the Straight Theatre at Haight and Cole. It was the former Haight Theatre, but was now a hippie-run alternative to the commercially successful Fillmore Auditorium and Avalon Ballroom.
1968-Arnold Palmer became the first golfer to surpass the $1 million mark in career earnings despite losing the PGA championship to Julius Boros by one stroke.
1968-Brandi Chastain birthday, soccer player born right here in San Jose, California where women take off their shirt all the time when hot.
1969 - One day after Neil Armstrong stepped onto the moon, on ABC-TV Duke Ellington and some of his band performed a 10-minute composition titled, "Moon Maiden." The tune featured piano, drums, bass and vocals.
1970 - No. 1 Billboard Pop Hit: "(They Long to Be) Close to You," Carpenters.
1970---Top Hits
Mama Told Me (Not to Come) - Three Dog Night
(They Long to Be) Close to You - Carpenters
Band of Gold - Freda Payne
He Loves Me All the Way - Tammy Wynette
1971--Carole King receives a gold album for "Tapestry."
1972 -- George Carlin charged with disorderly conduct & profanity after performing his famous "7 Words" routine at Summerfest in Milwaukee.
http://georgecarlin.com/
1972- Rod Stewart releases "Never a Dull Moment." The album peaks at number two and has two top 40 hits, "You Wear it Well" and a re-make of Jimi Hendrix's "Angel.
1973 - Jim Croce got his first big hit when "Bad, Bad Leroy Brown" reached #1 on the "Billboard" pop-singles chart. Two months later on September 20, 1973, Croce died in a plane crash.
1975 - No. 1 Billboard Pop Hit: "The Hustle," Van McCoy & the Soul City Symphony.
1975-Felix Millan of the New York Mets got four singles, but each time he was erased from the base paths as teammate Joe Torre grounded into four double plays. The Mets lost to the Houston Astros, 6-2.
1978---Top Hits
Shadow Dancing - Andy Gibb
Baker Street - Gerry Rafferty
Miss You - The Rolling Stones
Only One Love in My Life - Ronnie Milsap
1979-Seneca Falls, NY. Founded to honor American women whose contributions "have been of the greatest value in the development of their country" and located in the community known as the "birthplace of women's rights," where the first Women's Suffrage Movement convention was held in 1848, the Hall of Fame was dedicated with 23 inductees. Earlier National Women's Hall of Fame, honoring "Twenty Outstanding women of the Twentieth Century," was dedicated at New York World's Fair, on May 27, 1965.
1979-Genesis' first album in over two years, "Duke," goes gold. The LP makes it up to #11 and gives the group their first major hit, "Turn It On Again."
1979- Robert Palmer's "Bad Case Of Loving You" is released
1979-Genesis' first album in over two years, "Duke," goes gold. The LP makes it up to #11 and gives the group their first major hit, "Turn It On Again."
1984-The first reported killing of a human by a robot occurred at Jackson, MI. A robot turned and caught a 34-year-old worker between it and a safety bar, crushing him. He died of the injuries July 26, 1984. According to the National Institute for Occupational Safety and Health, it was "the first documented case of a robot-related fatality in the US."
1985-John Henry, the greatest money winner in thoroughbred racing history, was retired after earning $6,597,947. John Henry started 83 races and won 39 times.
1985 - No. 1 Billboard Pop Hit: "Everytime You Go Away," Paul Young.
1986---Top Hits
Invisible Touch - Genesis
Sledgehammer - Peter Gabriel
Nasty - Janet Jackson
Until I Met You - Judy Rodman
1988- The Red Sox suspend Jim Rice for three days for shoving manager Joe Morgan. The Boston outfielder became upset when the skipper pinch hit for him using the light-hitting shortstop Spike Owen.
1988 - While cool air invaded the central U.S., unseasonably hot weather continued over the western states. The temperature at Spring Valley, NV, soared from a morning low of 35 degrees to an afternoon high of 95 degrees. Fallon, NV, reported an all-time record high of 108 degrees, and Death Valley, CA, reported their sixth straight day of 120 degree heat.
1989-Weird Al Yankovic's first movie, "UHF" opens.
1996-Gretzy signs with the Rangers: after playing less than half a season with the St. Louis Blues, the team to which he had been traded from the Los Angeles Kings, center Wayne Gretzky signed a 2-year contract with the New York Rangers estimated to be worth $4 million per year plus incentives. Gretzky earned his money and defied those who thought he was too old and fragile to play regularly any more. He played everyone of the Rangers’ games and finished fourth in the league in scoring.
1997-Executive officer of a man-of-war w3ho was a woman was Lieutenant Commander Claire V. Bloom, who served as the executive officer of the frigate U.S.S. Constitution, the flagship of the Navy, during the 200th anniversary voyage that began in Marblehead, MA.
2000 -Thanks to Harold Baines' four hits, the Orioles halt its 20-game Canadian losing streak defeating the Blue Jays, 9-5. It is Baltimore's first victory north of the border since June 13, 1998.
2004-- A third piece of concrete, which apparently fell from the park's upper deck, is discovered at Wrigley Field by a club employee. Two other chunks have also fallen recently in different sections in the at 90-year-old stadium prompting Mayor Richard Daley to say he would not hesitate to close sections -- or all -- of the facility to protect fans from potential harm.
2006—Los Gatos/Saratoga, fourth day of over 100, and they say the weekend will even be hotter. Heat wave hits the entire country.
[headlines]
--------------------------------------------------------------
Baseball Poem
The Closer
"We need to have a talk about the door."
Her venom bared, she sheds her socks, her blouse,
her bra, her pants, then slithers off the floor
and into bed. Her eyes uncoil her spouse.
The hissing message piques his ears. His hair
is shocked erect. His paws are clenched. His back
is arched. He freezes, sizing up her stare,
then creeps up slowly, hungry for attack.
The closer takes the field, immersed in sweat,
the bases loaded, two outs, one-run lead,
the swarming air abuzz about the threat,
the prize so near desire transmutes to need.
He bends and grabs the rosin, throws it down,
then with a long, deep breath, ascends the mound.
[headlines]
--------------------------------------------------------------
SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
[headlines]
--------------------------------------------------------------
Daily Puzzle
How to play:
http://www.setgame.com/set/puzzle_frame.htm
Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm
[headlines]
--------------------------------------------------------------
http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx
[headlines]
--------------------------------------------------------------
Weather
See USA map, click to specific area, no commercials
http://www.weather.gov/
[headlines]
--------------------------------------------------------------
Traffic Live---
Real Time Traffic Information
You can save up to 20 different routes and check them out
with one click, or type in a new route to learn the traffic live.
[headlines]
--------------------------------------------------------------
News on Line---Internet Newspapers New York City
http://www.observer.com/ *Other on line newspapers:
http://www.leasingnews.org/Newspapers.htm
--------------------------------
[headlines] |
| 
