Fannie Mae, the biggest loan provider for U.S. residential mortgages, will start to require compensation from companies with mortgage services that failed to appropriately handle mortgage loan problems. The government-directed corporation stated that it will commence to review the providers’ loan files, processes and procedures that are being utilized. It is another sign that the [...]

President Barack Obama, who was under pressure to improve the U.S. economy, said he and his economic consultants are talking about new ways on how to generate more jobs. Included in the proposed new ways are more tax cuts among different businesses. Back from his 10-day vacation, Obama came into sight in the White House [...]

World market shares soar on Tuesday; traders are looking for beaten-down stocks in the market. The pricing details with regard to the flotation of the Agricultural Bank of China (Agbank) want to help in improving the sentiments. There are some positive remarks from European Central Bank (ECB). They said that French banks have improved their [...]

The UK economy is getting lively and continues to grow in the second quarter, based on the survey held by the British Chambers of Commerce (BCC). The organization collected data across the country in 5,600 businesses and establishments. They have seen that the growth of the economy for the last three months up to the [...]