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Names and notes in business - Grand Rapids Press
Dr. Julie Forstner was appointed to lead the Cancer Center at Metro Health Village by the University of Michigan Health System. She also will serve as assistant professor of radiation oncology. Wanda McCallum joined Owens-Ames-Kimball Co. as office ...

Records Detail Vick's Lavish Spending - AOL
RICHMOND, Va. (Nov. 21) - Michael Vick was once the NFL's highest-paid player, and he spent like it. One of his friends tools around in a $31,000 Cadillac DTS. His former personal assistant steers a $45,000 Infiniti M45 and has a pair of power boats ...

Calif. boy dropped off under Neb. safe-haven law - Las Vegas Sun
Nebraska officials say a 14-year-old California boy has become the last child reported abandoned under the state's safe-haven law. Nebraska officials say the boy from Yolo County was driven to Nebraska's Kimball County Hospital on Friday by his ...

Boy is 36th dropped off under Neb. safe-haven law - Las Vegas Sun
Nebraska officials say a 14-year-old California boy has become the last child reported abandoned under the state's safe-haven law before it was changed to limit such drop-offs to infants no more than 30 days old. Nebraska officials say the boy from ...

Final Judgment - SCO Loses, Owes $3,506,526 - News Slashdot
Xenographic writes "SCO has finally lost to Novell, now that Judge Kimball has entered final judgment against SCO . Of course, this is SCO we're talking about. There's still the litigation in bankruptcy court, which allowed this case to resume so ...

November 2008 (25) - Sacramento Bee
The Sacramento-area housing market did it again. Thanks to continually falling prices and a large supply of bank repos, sales held strong in October. That makes it a seventh month in which sales in the region have been stronger than the same time ...

Kimball Hill chief's role developed over 15 years as 'sounding board' - Arlington Heights Daily Herald
C. Kenneth Love spent 29 years as a CPA and executive with Deloitte & Touche LLP, a tenure that led him to meet extraordinary people. One would change his life. Years ago, Love encouraged David K. Hill, chief executive of national home developer ...

Greenspan: Struggling economy will get worse before improving - WBIR
On Capitol Hill Thursday, lawmakers grilled top federal regulators about their role leading up to the financial and banking system meltdown. Former fed chair Alan Greenspan offered his views and signaled more tough times are ahead for Americans and ...

Dean Barkley unveils Senate campaign TV commercial - Minnpost.com
The Dean Barkley for Senate television commercial — and we do mean "the" because it's the one and only for this campaign so far — is ready to run this week on Channels 4, 5, 9 and 11. It's a homey message: He's a regular guy who pays his mortgage ...

Hennepin County debunks voter scare-tactic: Residents going through ... - Minnpost.com
I didn't think this particular voter scare-tactic had reached our state, but Hennepin County voting officials are taking no chances, and want to remind everyone: Residents who are involved in mortgage foreclosure proceedings can still vote. This ...

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Today's Mortgage Terms starting with D

  • Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
  • Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
  • Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
  • Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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