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Mortgage News for Tuesday - February 6, 2007

More Mortgage News
• St. Louis County couple charged with mortgage fraud
• Refinance mortage amounts rise
• Mortgage Lenders files for bankruptcy
• US economy solid, inflation too high
• Immigrant entrepreneurs shape new economy in the US
• Will India beat the US economy?
Mortgage News
Immigrant entrepreneurs shape new economy in the US - 2007-02-06
Manuel A. Miranda was eight when his family immigrated to New York from Bogotá. His parents, who had been lawyers, started to selling home-cooked food from the trunk of their car. Manuel pitched in after school, grinding corn by hand for traditional Colombian flatbreads called arepas. Jay Chung and his son Joshua, from South Korea, has a company in Manhattan that is one of the city’s top supplier of tourist items.
Read the full story at Business Times
 
Will India beat the US economy? - 2007-02-06
The Indian economy is exploding. Its success story is being talked about all over the globe. According to global financial services firm Goldman Sachs, India can keep up an 8 per cent growth rate till 2020 and will overtake the United Kingdom as the world's fifth-largest economy by the middle of next decade at this pace. Global ratings agency Standard & Poor's has also hiked India's sovereign credit rating to investment grade after a gap of almost 16 years.
Read the full story at Rediff
 






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