AP - Mortgage applications fell last week, as refinancing activity slowed.

Reuters - Three potential bidders are still looking at buying a large stake in American International Group's key Asian life insurance unit, people close to the matter said on Wednesday.

Reuters - Ambac Financial Group Inc reported a fourth-quarter loss of more than $2 billion on Wednesday as the bond insurer set aside nearly $1 billion more for losses tied to residential mortgage debt.

AP - President Barack Obama knows Americans are unhappy that their taxes will be used to rescue people who bought mansions beyond their means.

AP - President Barack Obama says the "day of reckoning has arrived" for Americans after a spree of extravagant buying, gutted regulations and little or no long-term financial planning.

AP - A bankruptcy judge on Tuesday tentatively approved Delphi Corp.'s request to stop paying for its salaried retirees' health and life insurance, but he left the door open for some former employees to be excluded from the move.

The Motley Fool - When hiring a financial planner, it pays to screen carefully. It's important to understand exactly how each candidate is paid, so that you can make an informed market decision. But remember, few worthwhile pros work for peanuts. Don't get so ruthless about cost that you end up with worthless advice.

Reuters - The U.S. House of Representatives is expected to vote on a bill on Thursday that would let bankruptcy judges rewrite home loans and shield mortgage servicers who modify loans from bondholder lawsuits.

Reuters - U.S. bankruptcy judges would get power to modify home loans and mortgages services who alter loans would win protection from bondholder lawsuits under a bill to be considered by U.S. lawmakers later this week, sponsors of the legislation said on Monday.

Reuters - The leader of the U.S. House of Representatives said on Monday lawmakers expect to begin debating legislation this week that would let judges erase some mortgage debt for borrowers who file for bankruptcy.