Reuters - Lehman Brothers Holdings Inc is in talks with prospective buyers to sell about $30 billion in commercial mortgage assets and other hard-to-value securities, the New York Post reported on its website.

Reuters - Britain's financial watchdog has found no evidence that illegal dealing was behind an abrupt fall in the shares of mortgage lender HBOS in March, but warned it would not relax its surveillance of the market.

Reuters - IndyMac Bancorp Inc , once one of the largest U.S. mortgage lenders, has filed for bankruptcy protection, less than three weeks after being seized by federal regulators following a bank run by depositors.

Reuters - U.S. President George W. Bush on Wednesday signed into law a sweeping rescue package aimed at resurrecting the housing market from its worst slump since the Great Depression and stabilizing the two largest mortgage finance companies.

AP - President Bush signed a housing bill Wednesday intended to rescue about 15 percent of the cash-strapped homeowners in fear of foreclosure in the next year or so.

AP - Mortgage application volume tumbled 14.1 percent during the week ending July 25, hitting its lowest level of the year, according to the Mortgage Bankers Association's weekly application survey.