AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.

Reuters - Mortgage lender IndyMac Bancorp Inc said on Tuesday depositors had been withdrawing cash at an "elevated" pace since a key U.S. senator questioned its ability to survive the housing crisis.

Investor's Business Daily - 1 The major averages took off in the final 2 hours of trading, with the Nasdaq rising 2.3%, the S&P 500 1.7% and the Dow 1.4%. Fannie Mae and other financials rebounded on regulators' soothing comments after diving Mon. Crude and commodities prices fell hard again, sinking related stocks but lifting other equities.

AP - Faced with record-high foreclosure rates, the Bush administration has been scrambling to keep people from losing their homes, but many are beyond help, Treasury Secretary Henry Paulson said Tuesday.

AP - The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages that later collapsed, federal regulators said Tuesday.

AP - Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back Tuesday, a day after plunging over worries the pair might need billions of dollars in new capital if a new accounting rule is put into effect.

Reuters - U.S. Treasury Secretary Henry Paulson said on Tuesday that home foreclosure starts may hit 2.5 million this year, many of them the borrowers' own fault for taking out loans they couldn't afford.

Reuters - The Senate moved closer on Monday to passing election-year legislation meant to save hundreds of thousands of troubled homeowners from foreclosure.

AP - A measurement of pending home sales fell to the third-lowest reading on record in May as the housing market's recovery continued to prove elusive.

Reuters - Pending sales of previously owned U.S. homes plummeted by 4.7 percent in May, far more than expected and a sign of more trouble ahead for the beleaguered housing market, a real estate trade group report showed on Tuesday.

Reuters - Shares of Fannie Mae and Freddie Mac , the two largest providers of U.S. mortgage finance, rose after their regulator said on Tuesday that they should have adequate returns to raise capital.

AP - A mortgage rescue plan to save hundreds of thousands of homeowners from foreclosure drew overwhelming Senate support, inching toward passage despite Republican objections.

AP - Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.

Investor's Business Daily - 1 Freddie Mac and Fannie Mae shares fell 18% and 16% to long-time lows after Lehman Bros. said a new accounting rule may force the mortgage finance giants to raise $29bil and $46 bil, respectively. The firms are likely to get exemptions, Lehman said. Freddie has struggled to raise capital. Other financial firms also fell.

AP - Treasury bonds rose Monday as investors fled the stock market amid growing concerns about the financial sector. A Federal Reserve official warned that financial companies' problems might worsen, and a Wall Street analyst raised questions about government lenders Freddie Mac and Fannie Mae.

AP - During a bustling lunch hour in this Welsh commuter town, 25-year-old Richard Williams is one of the few who pause to look at properties for sale in a real-estate agent's window — and he isn't buying.

AP - Democrats bent on showing they can govern and Republicans anxious about a sour re-election climate are pushing a pared-down summer agenda in Congress. Lawmakers want to try to save homeowners from foreclosure, avert Medicare cuts and give the government power to spy on suspected terrorists.

AFP - Swiss banks UBS and Credit Suisse would have to set aside 70 billion Swiss francs (43.5 billion euros, 68.3 billion dollars) more in company capital as Switzerland's banking watchdog moves to prevent a repeat of the subprime crisis, a Swiss newspaper reported Sunday.

AFP - Swiss banks UBS and Credit Suisse need to set aside 70 billion Swiss francs (43.5 billion euros, 68.3 billion dollars) more in capital as Switzerland's banking watchdog moves to prevent a repeat of the subprime crisis, a Swiss newspaper reported Sunday.

AP - Home foreclosures will keep rising next year no matter who is elected president in November.