Jumbo mortgages were much easier to come by before the housing crisis erupted and home values began to fall. Following these events, jumbo loan interest rates jumped and lenders tightened their restrictions on applicants. Consequently, only approximately 5 percent of total mortgages issued in the last two years were jumbo loans, compared to as much as 20 percent from 2004 to 2007.
Opportunity Village’s Magical Forest is closed tonight due to inclement weather. The facility on Oakey Boulevard at Torrey Pines Drive will reopen Saturday at 5:30 p.m., weather permitting, officials at Opportunity Village said.
An inmate was killed at High Desert State Prison about 7:30 p.m. Thursday night. The man, whose name was not released, died during an altercation with another inmate, Nevada Department of Corrections spokesman Suzanne Pardee said. That inmate is in custody, but his name is not being released, Pardee said.
Weather around Las Vegas is delaying some flights from entering and leaving McCarran International Airport Friday afternoon. Spokesman Chris Jones said visibility has been the cause of the delays. Travelers are encouraged to check with their airline or McCarran’s website to see if their flight has been delayed.
NEW ORLEANS — Drew Brees has New Orleans swinging, singing and trumpeting their Saints. The reigning Super Bowl MVP helped turn around the team and bring the city its first NFL championship in February. On Friday the down-to-earth quarterback was voted the 2010 Male Athlete of the Year, chosen by members of The Associated Press.
Champion boxer Floyd Mayweather Jr. was arrested on a battery charge just before midnight Thursday at a Strip casino, Las Vegas police said.
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VISTA, Calif. — An actor who appeared in the film “The 40-Year-Old Virgin” was sentenced Thursday to life in prison with possible parole in 12 years for stabbing his ex-girlfriend more than 20 times when he stopped by her home and found her with another man. Shelley Malil was sentenced after a jury convicted the actor of attempted murder.
NEW YORK — Meet SM, a 44-year-old woman who literally knows no fear. She’s not afraid to handle snakes. She’s not afraid of horror movies. When she visited a haunted house, it was a monster who was afraid of her. SM isn’t some cold-blooded psychopath or a hero with a tight rein on her emotions. She’s an ordinary mother of three with a specific psychological impairment, the result of a very rare genetic disease.
BOCA RATON, Fla. — If you’re a shopper looking for something sparkly to put under the Christmas tree, you could skip the jewelry. A new ATM at an upscale mall in Florida’s swanky Boca Raton dispenses shiny 24-carat gold bars and coins. A German company plans to install the machine Friday. Shoppers insert cash or credit cards and use a computer touch-screen to choose the weight and style they want. The machine spits out the gold in a classy black box with a tamper-proof seal.
The recession has wiped out 15 years’ worth of economic growth in some corners of Nevada’s economy, and experts say some of that lost commercial activity could be gone for good.
After stealing a car and leading a police chase on the streets of North Las Vegas in 1993, it looked like prison was the only state institution for which Lucy Flores was destined. Seventeen years later, however, she is a newly elected member of the Nevada Assembly.
With video installations, outdoor art marquee, wall murals and other new media elements turn The Cosmopolitan of Las Vegas into what, depending on your perspective, could be a resort with art or an art gallery with a casino.
