Payton Legal Group
Forbearances may have reached a floor.
"Forbearance remains an option for struggling homeowners" The share of mortgage loans in forbearance has remained steady over the past...
top of page
Search
rustypayton
Jan 18, 20233 min read
Mortgage fraud trial looms for top prosecutor.
Tenure was marked by high-profile decisions. With a March trial date quickly approaching in the federal perjury case against Baltimore’s...
4 views0 comments
Payton Legal Group
Dec 22, 20224 min read
Wells Fargo problems far from over.
Wells Fargo problems far from over - report. Massive settlement isn't the end.
1 view0 comments
rustypayton
Mar 29, 20222 min read
Wells Fargo sued over alleged modern-day redlining practices
Wells Fargo sued over alleged modern-day redlining practices. It says claim reflects the bank's "sordid history of racial bias"
5 views0 comments
Payton Legal Group
Mar 22, 20224 min read
Does refinancing a mortgage impact your credit score?
Does refinancing a mortgage impact your credit score? Ways to help your credit score
3 views0 comments
Payton Legal Group
Mar 20, 20222 min read
Wells Fargo faces probe over alleged discriminatory refinancing practices
Wells Fargo faces probe over alleged discriminatory refinancing practices
3 views0 comments
Payton Legal Group
Nov 24, 20211 min read
Mortgage default risk increases as refi boom nears an end
The lifetime default risk of US-backed mortgages rose in the second quarter of 2021.
2 views0 comments
Payton Legal Group
Nov 22, 20211 min read
US banks hit by new rules over cyber incidents
Banks must report major cyberattacks to regulators within 36 hours if the incident is likely to disrupt their business.
4 views0 comments
Payton Legal Group
Aug 4, 20212 min read
Mortgage boom drives biggest jump in household debt since 2013
US household debt rose at the fastest pace since 2013 in the second quarter.
2 views0 comments
Payton Legal Group
Jun 22, 20211 min read
MBA announces support for a plan to close the racial homeownership gap
The Mortgage Bankers Association has announced its support for the Black Homeownership Collaborative’s plan to boost Black Homeownership.
3 views0 comments
Payton Legal Group
Jun 4, 20211 min read
Forbearance share dips as re-entries increase
Forbearance re-entries increased to almost 5.6%.
4 views0 comments
Payton Legal Group
May 20, 20213 min read
Biden to reverse Trump changes on bank antidiscrimination law
The Biden Admin. said it will repeal changes made by the Trump Admin. to a law aimed at stopping banks from discrimination.
4 views0 comments
Payton Legal Group
May 10, 20212 min read
Complaints hit record levels – CFPB
Mortgage customers aren’t happy – in fact, the last time they were this unhappy was April 2018.
5 views0 comments
Payton Legal Group
May 1, 20213 min read
U.S. Foreclosure Activity Continues To Increase Despite Government Moratorium
Foreclosure Activity Increases 9 Percent in First Quarter of 2021; Foreclosure Starts Increase 3 Percent From Last Quarter.
7 views0 comments
Payton Legal Group
Apr 8, 20213 min read
Can the CFPB's new forbearance rules prevent a foreclosure crisis?
Can the CFPB's new forbearance rules prevent a foreclosure crisis?
4 views0 comments
Payton Legal Group
Apr 8, 20215 min read
The $50 billion race to save America’s renters from eviction
With judges ruling against a federal eviction ban, pressure mounts on the Biden administration to distribute billions in aid to renters.
9 views0 comments
Payton Legal Group
Apr 6, 20211 min read
US consumer watchdog eyes rules to prevent foreclosures
The Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures.
1 view0 comments
Payton Legal Group
Mar 19, 20212 min read
February’s housing starts are bad news for the housing market
February’s housing start numbers have been disappointing for the housing market.
2 views0 comments
Payton Legal Group
Mar 19, 20211 min read
US mortgage rates hit highest level in nine months
US mortgage rates climbed for the fifth consecutive week following the Fed’s announcement on Wednesday.
3 views0 comments
Payton Legal Group
Mar 19, 20213 min read
What does $1.9 trillion in stimulus mean for housing, mortgage?
The Biden Administration’s $1.9 trillion stimulus package has been signed into law
5 views0 comments
bottom of page