Payton Legal Group
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.
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Payton Legal Group
Oct 25, 20213 min read
Justice Department to expand redlining investigation efforts
The Justice Department announced Friday a cross-government effort to investigate and prosecute redlining.
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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.
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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.
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Payton Legal Group
Jun 4, 20211 min read
Forbearance share dips as re-entries increase
Forbearance re-entries increased to almost 5.6%.
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Payton Legal Group
Jun 1, 20213 min read
What’s the impact of the end of forbearance?
On June 30 of this year, the federal forbearance program is set to end.
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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.
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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.
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Payton Legal Group
Apr 16, 20211 min read
Foreclosure activity increases in Q1, despite moratorium
Foreclosure activity increased over the first quarter of 2021.
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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?
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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.
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Payton Legal Group
Mar 30, 20213 min read
Biden has extended the eviction moratorium - what that means for mortgage
The Biden administration announced yesterday that it will extend the CDC’s federal moratorium on evictions of renters.
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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.
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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.
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Payton Legal Group
Mar 10, 20211 min read
Why Hawaii and Nevada had the largest delinquency spike in December
Why Hawaii and Nevada had the largest delinquency spike in December
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Payton Legal Group
Mar 3, 20213 min read
Why Black homeownership rates are 35% behind whites
New analysis from personal finance company NerdWallet has found that while homeownership rose to 75% among white Americans in 2020, only 44%
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Payton Legal Group
Feb 25, 20213 min read
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.
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Payton Legal Group
Feb 8, 20212 min read
Five million Americans missed housing payments in December
Five million Americans missed housing payments in December
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Payton Legal Group
Feb 4, 20212 min read
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.
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Payton Legal Group
Feb 4, 20211 min read
Illinois real estate developer faces fraud charges for “helping” buyers qualify for mortgage loans
A real estate developer from Illinois and two others have been accused of running a multi-million-dollar mortgage fraud scheme.
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