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Washington Trust agrees to settlement over discrimination allegations
Washington Trust agrees to settlement over discrimination allegations
Payton Legal Group
Sep 30, 20232 min read
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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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Bank to pay $31 million redlining settlement
Bank to pay $31 million redlining settlement. It's the DOJ's largest ever
Payton Legal Group
Jan 13, 20233 min read
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US foreclosure filings surged 115% in 2022
US foreclosure filings surged 115% in 2022. The report reveals why repossession remains low despite the rise in foreclosure activity
Payton Legal Group
Jan 13, 20231 min read
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US foreclosures continue to soar… but they are still below pre-pand
US foreclosures continue to soar
… but they are still below pre-pandemic levels
Payton Legal Group
Dec 14, 20222 min read
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US foreclosure activity soars to almost pre-pandemic levels
167% increase from a year ago, but borrowers selling homes to avoid foreclosure auctions
Payton Legal Group
Oct 22, 20223 min read
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Credit Suisse to pay $495 million to settle legacy RMBS case
Credit Suisse Group AG agreed to pay $495 million to settle the largest remaining case related to mortgage-backed securities.
Payton Legal Group
Oct 22, 20222 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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Mortgage delinquency rates increase after nine months
Mortgage delinquency rates increase after nine months. The number of serious delinquencies are no cause for concern, however
rustypayton
Mar 27, 20221 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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Class action targets RealManage, HomeWiseDocs for 'unconscionable fees' charged to Home owners.
Class action targets RealManage, HomeWiseDocs for 'unconscionable fees' charged to Home owners.
Payton Legal Group
Feb 15, 20223 min read
1,141 views
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Black mortgage discrimination – applicants denied at an alarming rate
Black mortgage applicants are being turned down at a much higher rate than their White counterparts
Payton Legal Group
Jan 25, 20223 min read
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Black homeownership – mortgage approval gap is widening
Black homeownership – mortgage approval gap is widening. A recent look at HMDA data reveals disparity has grown to an alarming degree.
Payton Legal Group
Jan 14, 20221 min read
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How many renters and homeowners are missing payments?
Renters were three times more likely than homeowners to miss payments in September and October.
Payton Legal Group
Dec 8, 20212 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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Why some bankers are rushing to settle US redlining probes
The clampdown is coming at a particularly awkward time. A group of veteran bankers and private equity investors in Texas spotted an...
Payton Legal Group
Oct 28, 20214 min read
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Citi agrees to racial audit
Citigroup Inc. became the first Wall Street bank to agree to do a deep dive into its business on racial discrimination.
Payton Legal Group
Oct 25, 20213 min read
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Justice Department to expand redlining investigation efforts
The Justice Department announced Friday a cross-government effort to investigate and prosecute redlining.
Payton Legal Group
Oct 25, 20213 min read
6 views
0 comments


What happened to foreclosures after federal moratorium ended?
Report reveals impact of moratorium expiration on foreclosure activity Foreclosure activity spiked 27% month over month and 60% year over...
Payton Legal Group
Sep 10, 20212 min read
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