NU Online News Service, Oct. 15, 12:32 p.m.EDT
State regulators, possibly within days, will approve the hiringof a firm to reassess the evaluations of 17,600 residentialmortgage-backed securities downgraded by the major credit ratingfirms, an official said.
A request for proposals to evaluate the securities is beingprepared by the National Association of Insurance Commissioners,according to Hampton Finer, a New York deputy insurancecommissioner. The NAIC is acting on a request by a life insurertrade group.
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