AP - WHAT HAPPENED?: Sales of new U.S. homes rose 9.6 percent last month, as first-time homebuyers seized on a tax credit that covers 10 percent of the home price, up to $8,000.

AP - Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

AP - GMAC Inc., said Tuesday it posted a wider second-quarter loss of $3.9 billion as it shifted from being primarily an auto and mortgage loan company to an online, retail bank.

AP - Pulte Homes Inc. and Centex Corp

AP - Pulte Homes Inc. says its second-quarter loss widened versus a year ago, but the homebuilder’s results improved over the first quarter as the housing market started to recover.

AP - Pulte Homes Inc.

AP - Pulte Homes Inc. says its second-quarter loss widened versus a year ago, but the homebuilder’s results improved over the first quarter as the housing market started to recover.

Time.com - In February, the Obama Administration said it would pay mortgage-servicing companies to modify existing home loans to make them more affordable — an attempt to keep struggling borrowers in their houses and slow the escalating pace of foreclosures

Reuters - Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday.

AP - Loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration’s loan modification program, the government will announce Thursday.