Rising home values and mortgage rates are putting home affordability out of reach for more families.
In Phoenix, rising home values have enabled lenders to sell foreclosed homes for more than what the home owners owed on their mortgages. The owners may have a right to the excess proceeds.
The mortgage giant is offsetting loan risks by tapping the reinsurance industry to guard against future losses.
Since the beginning of 2012, suburban markets have accounted for 87 percent of office demand. That follows vacancy rates in some areas of the country that spiked above 30 percent during the recession.