Payton Legal GroupAug 3, 20212 minNearly half of forbearances will expire in the next two months – servicers bewareAround 65% of active forbearance plans are set to expire through the rest of 2021
Payton Legal GroupJun 4, 20211 minForbearance share dips as re-entries increaseForbearance re-entries increased to almost 5.6%.
Payton Legal GroupJun 1, 20213 minWhat’s the impact of the end of forbearance?On June 30 of this year, the federal forbearance program is set to end.
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 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 GroupFeb 25, 20213 minThree solutions for homeowners in forbearanceForeclosure and forbearance moratoriums were pushed out to June of this year but the extension isn’t necessarily a fix to the problem.
Payton Legal GroupFeb 8, 20212 minFive million Americans missed housing payments in DecemberFive million Americans missed housing payments in December
Payton Legal GroupFeb 5, 20213 minForbearance is nearing its end and over 5% of borrowers are still in the programWe’re approaching the one-year anniversary of mortgage forbearance programs.
Payton Legal GroupFeb 4, 20212 minSlowdown in forbearance improvement presents new challengesNext 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 GroupDec 28, 20202 minMr. Cooper bolsters COVID-19 assistance initiatives Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupDec 23, 20201 minBank of America provides mortgage relief amid COVID-19 pandemicResults Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupNov 17, 20203 minForbearance rates are going down, but for how much longer?Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupNov 5, 20201 minForbearance numbers down, but still 'remarkably high'Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupOct 30, 20202 minForbearances tick back up above 3 millionResults Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupOct 29, 20201 minForbearance share down only slightly – MBAResults Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupOct 26, 20202 minWill the end of forbearance mean a wave of foreclosures?Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupOct 16, 20203 minConsidering the availability of forbearance, why are 400K Americans behind on their mortgages?Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
Payton Legal GroupOct 16, 20202 minWells Fargo placed at least 1,600 borrowers in forbearance without consent Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,