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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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Nearly half of forbearances will expire in the next two months – servicers beware
Around 65% of active forbearance plans are set to expire through the rest of 2021
Payton Legal Group
Aug 3, 20212 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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What’s the impact of the end of forbearance?
On June 30 of this year, the federal forbearance program is set to end.
Payton Legal Group
Jun 1, 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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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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Three solutions for homeowners in forbearance
Foreclosure and forbearance moratoriums were pushed out to June of this year but the extension isn’t necessarily a fix to the problem.
Payton Legal Group
Feb 25, 20213 min read
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Five million Americans missed housing payments in December
Five million Americans missed housing payments in December
Payton Legal Group
Feb 8, 20212 min read
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Forbearance is nearing its end and over 5% of borrowers are still in the program
We’re approaching the one-year anniversary of mortgage forbearance programs.
Payton Legal Group
Feb 5, 20213 min read
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Slowdown in forbearance improvement presents new challenges
Next month is shaping up to be an “inflection point” for the nation’s housing market as almost a quarter of active forbearance plans end.
Payton Legal Group
Feb 4, 20212 min read
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Mr. Cooper bolsters COVID-19 assistance initiatives
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Dec 28, 20202 min read
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Bank of America provides mortgage relief amid COVID-19 pandemic
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Dec 23, 20201 min read
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Forbearance rates are going down, but for how much longer?
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Nov 17, 20203 min read
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Forbearance numbers down, but still 'remarkably high'
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Nov 5, 20201 min read
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Forbearances tick back up above 3 million
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Oct 30, 20202 min read
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Forbearance share down only slightly – MBA
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Oct 29, 20201 min read
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Will the end of forbearance mean a wave of foreclosures?
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Oct 26, 20202 min read
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Considering the availability of forbearance, why are 400K Americans behind on their mortgages?
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Oct 16, 20203 min read
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