There are signs that the recovery from recession is not stoking inflation. The cost of living in the US rose at a slower pace while manufacturing has expanded in the New York and Philadelphia regions. Reports from the Federal Reserve Banks of those cities indicate that factories increased production...

A Chinese delegation arrived here this past Saturday to attend the first round of the China-US Strategic and Economic dialogues. More than 100 Chinese officials, led by Vice Premier Wang Qishan and State Councilor Dai Bingguo, landed at the Andrews Air Force Base outside Washington, D.C., and were welcomed...

Fiat courted a merger with Chrysler and planned to buy GM of Europe, which includes Opel of Germany and the British auto company Vauxhall. This was going to possibly make Fiat the second largest global auto company after Toyota. Fiat’s grand plans have been foiled by the Canadian parts manufacturer...

Tom Wilson, the chief executive of Allstate Insurance, called for a federal insurance regulator to oversee the regulation of national insurance companies. In an opinion piece, in the New York Times, Wilson owns up to the part that insurance companies have played in the collapse of the financial markets,...

Due to a worse than expected report on retail sales, U.S. stocks opened lower, on Wednesday, as investors wrestled with new doubts about the health of our economy.  The Dow Jones Industrial Average was down early and the Nasdaq Composite was down 1.6%. With the exception of health care, all major industries...

What is Fannie Mae? Fannie Mae is a private company that operates under a congressional charter to increase the availability and affordability of homeownership for low-, moderate-, and middle-income Americans. Fannie Mae does not lend money directly to home buyers. Instead, they work with lenders to...

Whether applying for your first mortgage or refinancing your existing mortgage, there are several features of mortgage plans that you should compare before deciding which mortgage suits you best. Things to consider are: Fixed-rate annual percentage rate (the cost of your loan as a yearly rate...

A Fixed-Rate Mortgage or Fixed Rate Loan applies the same interest rate toward monthly loan payments for the life of the loan. Fixed-Rate Loans are more straightforward and easier to understand than Adjustable Rate Mortgages (ARMs) or ARM mortgages. They are also more secure for the buyer, and are popular...

Today, many deserving people will only qualify for a bad credit mortgage loan or a high risk loan to purchase or refinance a home because they don’t meet the traditional minimum credit guidelines for low mortgage rates. A low income home loan, loan for people with bad credit or a bad credit mortgage...

Would you like to learn about home mortgage loans that are more than $333,700? Jumbo Mortgage Loans offer: Larger loan amounts to purchase more expensive homes Loan amounts as high as $1 million and down payments as low as 5% Jumbo Mortgage Loans facilitate high-end purchases of: Primary residences...