Word: economice
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Still, the FHA is facing the same economic headwinds as every other mortgage-industry player. As unemployment rises, so do mortgage delinquencies. As of the end of June, nearly 8% of FHA loans were seriously delinquent or in foreclosure, according to the Mortgage Bankers Association - mirroring the rate for mortgages...
Indeed, while annual international travel has increased, from 124 million global travelers in 2000 to 173 million last year, annual overseas visits by foreigners to the United States have ticked down, from 26 million in 2000 to 25.3 million in 2008. The absolute drop-off seems small, until you consider...
Washington-watchers expect the TPA to pass the Senate by the end of the year. Once enacted, it will create two new entities - the Office of Travel Promotion and the Corporation for Travel Promotion - to help foreign visitors actually get into the country. The offices will serve as resources for...
On economic affairs, Obama leans on Timothy Geithner, the Treasury Secretary. Geithner has personal history in Asia, having studied China and Japan in college and graduate school before shifting to economics, eventually rising to become Under Secretary of the Treasury for International Affairs in Clinton's second term. As the...
Michael Froman, Obama's Deputy National Security Adviser for Economic Affairs, and Thomas Donilon, his principal Deputy National Security Adviser, will both be in the picture on economic and national-security issues, especially regarding the prospect of North Korean talks - or potential sanctions should those talks fail and relations with...