U.S. sales of existing homes tumbled 17.8% in April, their largest one-month drop since a 22.5% plunge in July 2010. So reports the Associated Press.

U.S. mortgage delinquencies had their biggest single-month increase on record in April. So reports USA Today.

Fannie Mae and Freddie Mac have each notched another milestone on their way out of federal conservatorship by seeking a financial advisor. So reports 24/7 Wall Street.