Jul 29

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Home prices slid by a steep 15.8 percent in 20 U.S. cities in May, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday, offering the latest evidence of continuing struggles in the nation's housing market.

Federal Reserve Chairman Ben Bernanke outlined a new set of mortgage-lending rules Tuesday, which will be aimed at shielding future homebuyers from risky lending practices and avoiding a repeat of the country's current mortgage crisis.