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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.

Ocwen Sues FIS Over Alleged Inflated Billing

One lawsuit has begat another in California. Ocwen Financial Corp. has alleged that the monitor appointed to review its business practices in the wake of a mortgage servicing settlement ran through an almost $45 million budget in half the time and with half the work. Ocwen alleges that Fidelity Information Services overbilled and charged for improper expenses, including associate trips to casinos and strip clubs.

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Rising Demand, Shrinking Inventory Fuel Median Price Growth

home sales

There are few more concrete examples of supply-and-demand economics in action than the housing market. A new report looking at April numbers shows a spike in demand and a corresponding spike in median prices. The B-side, of course, is that while demand rises, inventory shrinks, fueling the current sellers’ market.

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Buying Remains the Cheaper Option, but for How Long?

Buying might still be cheaper than renting in major U.S. metros, but rising prices and stalling rents could soon flip that dynamic. A new report by Trulia shows how the most expensive U.S. markets could see a rise in rentals. A lot depends on federal policy over the next couple years.

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Housing Recovery Has Been Slight and Erratic

Home values have been in steady ascent for a long time, but they’re still not where they were before the crash. A new report by Trulia shows housing recovery is not only slow going, it’s been incredibly scattershot. And we might not see the full end of the recession’s effects for almost another decade.

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FHFA’s Unified MBS Plans Delayed Until 2019

The Federal Housing Finance Agency Thursday announced that Release 2 for its Single Security Initiative and Common Securitization Platform (CSP) for Fannie Mae and Freddie Mac will come in mid-2019. Release 2, the announcement stated, will allow Fannie Mae and ...

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Delinquencies Down, Performance Steady in Q4

According to a recently released report by the Federal Housing Finance Agency (FHFA), foreclosures from Fannie Mae and Freddie Mac since the dawn of conservatorship reached 3.8 million as of Q4 2016. Overall however, serious delinquencies are down, along with short sales and REOs. FHFA also found that that the types of loan modifications offered are being influenced by the increase in home prices over the last couple of years.

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Homeowners Regained Equity in 2016

Last year turned out to be a good year for U.S. homeowners with mortgages. A new study by CoreLogic found that roughly 63 percent of all homeowners saw their equity increase.

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