Reuters - Housing agencies announced on Tuesday a plan to ease mortgage payments for troubled borrowers through mortgage finance giants Fannie Mae and Freddie Mac.

AP - The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

AP - Volatility buffeted Wall Street again Tuesday as the reality hit investors that few industries are safe from the consumer spending slump — whether they're building homes, making cars or selling coffee.

Reuters - Stocks cut losses in afternoon trading on Tuesday, after BlackRock President Robert Kapito said a $30 billion Bear Stearns mortgage portfolio could end up being worth more than its market value implies and housing agencies said they would widen help for homeowners.

AFP - The US government Tuesday announced a sweeping program to ease payment terms for hundreds of thousands of homeowners struggling to service mortgages held by home finance giants Fannie Mae and Freddie Mac.

AP - Bad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a government filing that the mortgage unit of its finance arm may not survive.

AP - Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and warned that its $100 billion lifeline from the government may not be sufficient for its solvency should it continue to lose money.

AP - Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government's $100 billion lifeline as early as next year.

AFP - Fannie Mae, the US mortgage finance giant bailed out by the government, reported Monday a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.

Reuters - Fannie Mae said on Monday it is losing money so fast it may have to tap the government for cash to avoid shutting down after the largest source of funding for U.S. homes reported a record $29 billion loss.