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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...
Payton Legal Group
Jan 24, 20232 min read
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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...
rustypayton
Jan 18, 20233 min read
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Wells Fargo problems far from over.
Wells Fargo problems far from over - report. Massive settlement isn't the end.
Payton Legal Group
Dec 22, 20224 min read
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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"
rustypayton
Mar 29, 20222 min read
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Does refinancing a mortgage impact your credit score?
Does refinancing a mortgage impact your credit score? Ways to help your credit score
Payton Legal Group
Mar 22, 20224 min read
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Wells Fargo faces probe over alleged discriminatory refinancing practices
Wells Fargo faces probe over alleged discriminatory refinancing practices
Payton Legal Group
Mar 20, 20222 min read
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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.
Payton Legal Group
Nov 24, 20211 min read
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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.
Payton Legal Group
Nov 22, 20211 min read
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Mortgage boom drives biggest jump in household debt since 2013
US household debt rose at the fastest pace since 2013 in the second quarter.
Payton Legal Group
Aug 4, 20212 min read
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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.
Payton Legal Group
Jun 22, 20211 min read
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Forbearance share dips as re-entries increase
Forbearance re-entries increased to almost 5.6%.
Payton Legal Group
Jun 4, 20211 min read
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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.
Payton Legal Group
May 20, 20213 min read
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Complaints hit record levels – CFPB
Mortgage customers aren’t happy – in fact, the last time they were this unhappy was April 2018.
Payton Legal Group
May 10, 20212 min read
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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.
Payton Legal Group
May 1, 20213 min read
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Can the CFPB's new forbearance rules prevent a foreclosure crisis?
Can the CFPB's new forbearance rules prevent a foreclosure crisis?
Payton Legal Group
Apr 8, 20213 min read
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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.
Payton Legal Group
Apr 8, 20215 min read
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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.
Payton Legal Group
Apr 6, 20211 min read
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February’s housing starts are bad news for the housing market
February’s housing start numbers have been disappointing for the housing market.
Payton Legal Group
Mar 19, 20212 min read
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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.
Payton Legal Group
Mar 19, 20211 min read
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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
Payton Legal Group
Mar 19, 20213 min read
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