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Former police chief charged with grand theft - Las Vegas Sun
A former Blue Lake police chief has pleaded not guilty to charges he stole firearms from police evidence. David Gundersen was arraigned Friday on a felony charge of grand theft by a public official. Prosecutors say Gundersen took firearms from the ...

After layoff, a move to non-profit world - Crain's Chicago Business
Chicagoan Sol Flores , 34, had been laid off from her job as a PricewaterhouseCoopers consultant when two church acquaintances asked her to become executive director of their fledgling non-profit agency. Six years later, La Casa Norte, which serves ...

Experts Divided Over Executive Pay Curbs in Germany - Deutsche Welle
A heated debate in Germany about curbing executive pay and holding managers personally liable for huge losses at banks in the wake of the global financial turmoil came to a head this week with a number of German bankers being asked to return their ...

Charity offers up $68M in mortgage rescue money - Chicago Sun-Times
The John D. and Catherine T. MacArthur Foundation said Wednesday it is investing $68 million in grants and low-interest loans to stop foreclosures in Chicago neighborhoods, to help 10,000 households, prevent 2,700 foreclosures by 2010 and provide ...

Squid washing up on Oregon beaches - Seattle Post Intelligencer
CANNON BEACH, Ore. -- Hundreds of Humboldt squid that apparently ventured too far north in search of food have washed up on northern Oregon beaches in a rare die-off. The squid, about 3 1/2 feet long, have been reported as far south as Cannon Beach ...

MacArthur Foundation to help stop Chicago foreclosures - Chicago Tribune
Saying it is well aware of the problem in its own Chicago backyard, the John D. and Catherine T. MacArthur Foundation today announced $68 million in local grants and low-interest loans to help stop the rising number of home foreclosures. The ...

Porter: Played in rock bands, learned about responsibility early - Las Vegas Sun
Editor's note: The formative years of the two candidates for the 3rd Congressional District are examined in these stories. Future stories will examine their political and legislative histories. In the early 1970s, when Jon Porter was in high school ...

In face of budget cuts, who will speak for those who can't? - Eureka Times-Standard
On Sept. 23, the California state budget was signed -- a budget notable not only for being extraordinarily late, but also for the nature of the services and programs that were deemed unworthy of funding. Services for seniors received especially ...

Government bill could rescue struggling homeowners - Eureka Times-Standard
With this week's government bailout of foundering housing finance giants Fannie Mae and Freddie Mac, many struggling homeowners and potential home buyers, both local and nationwide, have been given yet another reason for uncertainty and concern. The ...

Lehman Brothers demise triggers huge default - Times Online
Lehman Brothers, the bust investment bank, triggered one of the biggest corporate debt defaults in history yesterday as it emerged that the US Federal Reserve is harbouring grave concerns about whether Washington’s $700 billion (£413 billion ...

Today's Mortgage Terms starting with H

Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.

Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.

Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.

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