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SEC adopts new rules for credit-rating agencies (AP)
AP - Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
 
Russia to buy out mortgages from banks (AP)
AP - Russia's government pledged a mortgage buyout Wednesday and announced more aid for major airlines and other companies beyond an existing $200 billion financial rescue package, Russian news agencies reported.
 
TransUnion: 3Q mortgage delinquencies shoot higher (AP)
AP - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.
 
"Bottom's been made" in stocks: Legg Mason's Miller (Reuters)
Reuters - Legg Mason's Bill Miller, a celebrated value investor but whose stock picking is far off the mark this year, said on Wednesday the "bottom has been made" in U.S. equities, and forecast opportunities for strong gains once markets rally.
 
Obama says reviewing TARP, eyeing homeowner relief (Reuters)

President-elect Barack Obama listens to a reporter's question after introducing New Mexico Governor Bill Richardson as nominee for commerce secretary during a news conference in Chicago, December 3, 2008. (Jeff Haynes/Reuters)Reuters - President-elect Barack Obama said on Wednesday he is reviewing whether taxpayers are getting maximum bang for the buck from a $700 billion government financial rescue package and indicated particular interest in helping prevent mortgage foreclosures.



 
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Alpine MT Lenders

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