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"
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Payton Legal Group
- Mar 22
- 4 min
Does refinancing a mortgage impact your credit score?
Does refinancing a mortgage impact your credit score? Ways to help your credit score
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Payton Legal Group
- Mar 20
- 2 min
Wells Fargo faces probe over alleged discriminatory refinancing practices
Wells Fargo faces probe over alleged discriminatory refinancing practices
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Payton Legal Group
- Nov 24, 2021
- 1 min
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.
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Payton Legal Group
- Nov 23, 2021
- 1 min
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.
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Payton Legal Group
- Aug 4, 2021
- 2 min
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, 2021
- 1 min
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, 2021
- 1 min
Forbearance share dips as re-entries increase
Forbearance re-entries increased to almost 5.6%.
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Payton Legal Group
- May 20, 2021
- 3 min
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.
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Payton Legal Group
- May 10, 2021
- 2 min
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, 2021
- 3 min
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 8, 2021
- 3 min
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 8, 2021
- 5 min
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.
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Payton Legal Group
- Apr 6, 2021
- 1 min
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 19, 2021
- 2 min
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, 2021
- 1 min
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 19, 2021
- 3 min
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
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Payton Legal Group
- Mar 10, 2021
- 1 min
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, 2021
- 3 min
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 18, 2021
- 2 min
Household debt reaches US high – driven by mortgages
US credit-card balances fell by the most on record last year even as households increased their total debt by taking on new mortgages.
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