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Shepherd hits out at Ashley over 'ridiculous' Newcastle claims - Guardian Unlimited
Freddie Shepherd was replaced as chairman of Newcastle United in July 2007 by Chris Mort. Photograph: Jason Cairnduff/Action Images Mike Ashley's claims that he inherited a financial mess at Newcastle United and possibly saved the club from going ...

Investors sue ex-Fannie Mae execs - BBC Business
Four former senior executives at Fannie Mae have been sued by investors in the troubled mortgage firm. The investors claim Stephen Ashley, Daniel Mudd, Robert Levin and Steven Swad lied about the firm's finances, artificially inflating its share ...

Honey, Was That PotBelly's Sandwich $4.23 Or $858,432? - Consumerist.com
Sorry PotBelly Sandwich Works customers, you can't order the Chicken Salad Sandwich unless you qualify for a mortgage. Ashley's husband thought his usual lunchtime meal cost $4.23, but, as his wife discovered when trying to pay their credit card bill ...

Abu Dhabi interest in Newcastle as Ashley flies out for talks - The Independent
Mike Ashley is expected in Abu Dhabi within the next 24 hours to speak to possible purchasers for Newcastle United after he put the Tyneside club up for sale on Sunday afternoon Having put Newcastle United up for sale on Sunday afternoon, Mike Ashley ...

No let-up in Newcastle fans' actions against Mike Ashley - Times Online
Mike Ashley is believed to have been in Abu Dhabi last night in an attempt to push through a quick sale of Newcastle United, but the club's embattled owner has been informed by supporters that protests against his regime will continue. After a dismal ...

Guardian Daily: Murray denied - Guardian Unlimited
Andy Murray fails to beat the world's greatest tennis player in the US Open final as Roger Federer equals a 90-year-old record with his fifth win in a row. Laurence Donegan watched the fest. A Guardian survey of 66 prospective Tory candidates for ...

Newcastle United offered to Dubai billionaire for £480m - Daily Mirror
Mike Ashley has offered Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum the chance to buy Newcastle for £480million. Ashley's valuation would give him a staggering profit of around £230m in just 16 months. Newcastle were locked in talks with ...

Lend America Launches Institutional Mortgage Solution to Help ... - PR Newswire
Modify non-performing portfolios to maximize cash flow and deliver profitable exit strategy MELVILLE, N.Y., Sept. 11 -- Lend America, recently ranked as the 12th largest direct-to-consumer FHA lender in the nation, announced today it has launched a ...

Impact On You Of Mortgage Giants' Takeover - CBS News
(CBS) With Washington taking over mortgage goliaths Fannie Mae and Freddie Mac, many current and would-be homeowners are wondering what effect the move is likely to have on them. On The Early Show Monday, Treasury Secretary Henry Paulson told co ...

Former Fannie Mae execs sued in investor complaint - Washington Post
Resize NEW YORK (Reuters) - Four former top executives of Fannie Mae (FNM.N) were sued on Monday, one day after the mortgage finance giant was seized by the U.S. government, in an investor lawsuit that claims the four lied about the company's ...

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Today's Mortgage Terms starting with J

  • Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
  • Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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