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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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CDC delivers verdict on eviction and foreclosure bans
Centers for Disease Control extends the nationwide ban protecting tenants who are unable to make rental payment for one final month.
Payton Legal Group
Jun 25, 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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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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Foreclosure activity increases in Q1, despite moratorium
Foreclosure activity increased over the first quarter of 2021.
Payton Legal Group
Apr 16, 20211 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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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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Why Hawaii and Nevada had the largest delinquency spike in December
Why Hawaii and Nevada had the largest delinquency spike in December
Payton Legal Group
Mar 10, 20211 min read
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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%
Payton Legal Group
Mar 3, 20213 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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How, and why, we should solve housing’s affordability problem
America’s affordability crisis is worsening. What can the US mortgage industry do in the face of these challenges.
Payton Legal Group
Feb 5, 20213 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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FHFA extends foreclosure, eviction moratoriums for the fifth time
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Jan 21, 20211 min read
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Biden to extend moratorium on evictions and foreclosures
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal Group
Jan 21, 20212 min read
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