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By Renae Merle
Washington Post Staff Writer
Tuesday, June 17, 2008; D01

Major mortgage lenders have agreed to streamline and speed up the process for assisting distressed homeowners, according to new guidelines set to be released today.

The guidelines will address the complaints of homeowners and housing counselors that even as foreclosures climb, lenders remain difficult to work with and can take months to approve a request or even acknowledge that a homeowner has asked for help. In the meantime, borrowers fall further behind in their payments and grow more frustrated.

Caucus, FCC Chair Differ On Setting Aside XM, Sirius Channels for Minorities

By Jeffrey H. Birnbaum
Washington Post Staff Writer
Tuesday, June 17, 2008; D01

Senior members of the Congressional Black Caucus yesterday criticized a compromise plan for the proposed merger of the XM and Sirius satellite radio companies, saying the deal does not provide enough opportunities for minority-owned programming.

Federal Communications Commission Chairman Kevin J. Martin said over the weekend that he would support the merger after XM Satellite Radio Holdings and Sirius Satellite Radio voluntarily agreed, among a series of other concessions, to lease 4 percent of their radio spectrums, or 12 channels, for programming run by minorities and women.

Reuters - Gay-pride season seems to be extending well beyond its official month of June. Gay marriage is now legal in California, stars are coming out of the closet (and woodwork) as never before, and NewFest -- the New York Lesbian, Gay, Bisexual & Transgender Film Festival -- has kicked off the summer cycle of gay film festivals with its 20th anniversary run.

Reuters - The release date for the Game's third album, "LAX," has been moved yet again. Originally due June 24 and then shifted to July 8, the set is now scheduled to hit shelves July 22.

Reuters - Comic book movie "The Incredible Hulk" added about $1 million in box office muscle to its debut weekend, pushing the film's total domestic ticket sales to $55.4 million, according to final studio figures on Monday.

Reuters - U.S. newspaper publisher McClatchy Co plans to cut its work force by about 10 percent, or about 1,400 jobs, as part of a restructuring plan to deal with a damaging drop in advertising revenue.

Reuters - Paramount Pictures International, which releases movies outside North America, said on Monday it has topped the $1 billion mark at overseas box offices behind hit films including "Iron Man" and the latest "Indiana Jones" saga.

Reuters - Market expectations for the Federal Reserve to raise interest rates three or four times by the end of the year do not seem to match the balance of views within the Fed, the Financial Times said on Tuesday.

AP - Stan Winston, the Oscar-winning special-effects maestro responsible for bringing the dinosaurs of "Jurassic Park" and other iconic movie creatures to life, has died. He was 62.

Reuters - Pioneering special effects and makeup artist Stan Winston, a four-time Oscar winner who transformed Arnold Schwarzenegger into "The Terminator" and brought dinosaurs to life in the "Jurassic Park" films, has died at age 62, his studio said on Monday.