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 ...

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.

--- AFP ...

AP - With more than 4 million homeowners behind on their mortgage payments, the government and major banks are scrambling to help at-risk borrowers avoid foreclosure.

--- AP ...

Reuters - The regulator for the two largest U.S. mortgage finance companies on Tuesday unveiled a plan to cut monthly payments for struggling homeowners in an effort to reverse a wave of defaults threatening the economy.

--- Reuters ...

AP - Volatility slammed 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. The Dow Jones industrial average fell about 150 points.

--- AP ...

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.

--- AFP ...