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Author Archives: Scott Morgan

Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He's been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing.

Economy Moving Closer to Normal

After half a year of failed predictions and slow starts, the U.S. economy actually appears to be closing in on normal, at least according to Freddie Mac. Freddie Mac's latest Economic and Housing Market Outlook shows that the agency expects to see the U.S. housing market driven once again by fundamentals—jobs, household formations, and affordability—rather than economic upheaval.

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Affordability a Concern in Housing Recovery

As the U.S housing market climbs back to healthy, a third of it is less affordable now than it's been all century, according to RealtyTrac. The firm's latest housing affordability report found that 34 percent of the 1,200 U.S. counties it surveyed are at their least affordable, on average, since 2000.

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Judicial Foreclosures Make Up Majority of Inventory

The inventory of mortgage foreclosures in the United States is on the decline overall, but for what inventory remains, judicial states account for almost three-quarters of the country’s foreclosure market, according to Black Knight Financial Services.

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House Financial Services Committee Sends Fed Reform Bill to a Floor Vote

Congress Wednesday fired its latest rounds in its ever-escalating battle with the Federal Reserve, as a Republican-controlled House committee passed a reform bill aimed at making the Fed more accountable and transparent. The Fed’s has already warned of serious trouble if the nation’s top financial institution were held to formal policy regarding its ability to set interest rates.

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Cordray to Testify Regarding Allegations of Discrimination at CFPB

As part of its continuing effort to address nagging allegations of discrimination and subsequent backlash against whistleblowers at the Consumer Financial Protection Bureau (CFPB), the House Oversight and Investigations Subcommittee will on Wednesday hear testimony from CFPB director Richard Cordray. ...

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Morgan Stanley Settles RMBS Claims

Morgan Stanley agreed to pay back $275 million to investors whom the Securities and Exchange Commission say were mislead by a pair of mortgage bonds the company marketed during the financial crisis.

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Four Indicted in Loan Modification Scam

Federal authorities indicted four California men Thursday in connection with a bogus loan modification program that reportedly bilked hundreds of struggling homeowners out of millions of dollars nationwide at the height of the financial crisis.

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