rustypaytonMar 292 minWells Fargo sued over alleged modern-day redlining practicesWells Fargo sued over alleged modern-day redlining practices. It says claim reflects the bank's "sordid history of racial bias"
Payton Legal GroupMar 224 minDoes refinancing a mortgage impact your credit score?Does refinancing a mortgage impact your credit score? Ways to help your credit score
Payton Legal GroupMar 202 minWells Fargo faces probe over alleged discriminatory refinancing practicesWells Fargo faces probe over alleged discriminatory refinancing practices
Payton Legal GroupNov 24, 20211 minMortgage default risk increases as refi boom nears an endThe lifetime default risk of US-backed mortgages rose in the second quarter of 2021.
Payton Legal GroupNov 23, 20211 minUS banks hit by new rules over cyber incidentsBanks must report major cyberattacks to regulators within 36 hours if the incident is likely to disrupt their business.
Payton Legal GroupAug 4, 20212 minMortgage boom drives biggest jump in household debt since 2013US household debt rose at the fastest pace since 2013 in the second quarter.
Payton Legal GroupJun 22, 20211 minMBA announces support for a plan to close the racial homeownership gapThe Mortgage Bankers Association has announced its support for the Black Homeownership Collaborative’s plan to boost Black Homeownership.
Payton Legal GroupJun 4, 20211 minForbearance share dips as re-entries increaseForbearance re-entries increased to almost 5.6%.
Payton Legal GroupMay 20, 20213 minBiden to reverse Trump changes on bank antidiscrimination lawThe Biden Admin. said it will repeal changes made by the Trump Admin. to a law aimed at stopping banks from discrimination.
Payton Legal GroupMay 10, 20212 minComplaints hit record levels – CFPBMortgage customers aren’t happy – in fact, the last time they were this unhappy was April 2018.
Payton Legal GroupMay 1, 20213 minU.S. Foreclosure Activity Continues To Increase Despite Government MoratoriumForeclosure Activity Increases 9 Percent in First Quarter of 2021; Foreclosure Starts Increase 3 Percent From Last Quarter.
Payton Legal GroupApr 8, 20213 minCan the CFPB's new forbearance rules prevent a foreclosure crisis?Can the CFPB's new forbearance rules prevent a foreclosure crisis?
Payton Legal GroupApr 8, 20215 minThe $50 billion race to save America’s renters from evictionWith judges ruling against a federal eviction ban, pressure mounts on the Biden administration to distribute billions in aid to renters.
Payton Legal GroupApr 6, 20211 minUS consumer watchdog eyes rules to prevent foreclosuresThe Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures.
Payton Legal GroupMar 19, 20212 minFebruary’s housing starts are bad news for the housing marketFebruary’s housing start numbers have been disappointing for the housing market.
Payton Legal GroupMar 19, 20211 minUS mortgage rates hit highest level in nine monthsUS mortgage rates climbed for the fifth consecutive week following the Fed’s announcement on Wednesday.
Payton Legal GroupMar 19, 20213 minWhat does $1.9 trillion in stimulus mean for housing, mortgage?The Biden Administration’s $1.9 trillion stimulus package has been signed into law
Payton Legal GroupMar 10, 20211 minWhy Hawaii and Nevada had the largest delinquency spike in DecemberWhy Hawaii and Nevada had the largest delinquency spike in December
Payton Legal GroupMar 3, 20213 minWhy Black homeownership rates are 35% behind whitesNew analysis from personal finance company NerdWallet has found that while homeownership rose to 75% among white Americans in 2020, only 44%
Payton Legal GroupFeb 18, 20212 minHousehold debt reaches US high – driven by mortgagesUS credit-card balances fell by the most on record last year even as households increased their total debt by taking on new mortgages.