New data out today finds cash-strapped companies got rid of 25 million square feet of office space in the first quarter. The problem is likely to get worse due to the growing number of empty desks out there. Jeremy Hobson reports.
Homebuilder Lennar reported a widened loss in earnings last night, but sales were a little higher than what analysts expected. Jennifer Collins reports ways the company could show signs of improvement.
Defaults among loans insured by the Federal Housing Administration are up. As Steve Henn reports, if the FHA doesn't do a better job weeding out bad brokers and stopping fraud, trouble could be on the horizon.
The Federal Housing Administration has captured a huge chunk of the mortgage market in the last two years. Today, FHA insurance guarantees 1 in every 3 U.S. mortgages. Steve Henn reports explores the risks involved with such rapid growth.