Payton Legal Group
US foreclosure activity soars to almost pre-pandemic levels
167% increase from a year ago, but borrowers selling homes to avoid foreclosure auctions
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Payton Legal Group
- Oct 22
- 2 min
Credit Suisse to pay $495 million to settle legacy RMBS case
Credit Suisse Group AG agreed to pay $495 million to settle the largest remaining case related to mortgage-backed securities.
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rustypayton
- Mar 29
- 2 min
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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rustypayton
- Mar 27
- 1 min
Mortgage delinquency rates increase after nine months
Mortgage delinquency rates increase after nine months. The number of serious delinquencies are no cause for concern, however
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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
- Feb 15
- 3 min
Class action targets RealManage, HomeWiseDocs for 'unconscionable fees' charged to Home owners.
Class action targets RealManage, HomeWiseDocs for 'unconscionable fees' charged to Home owners.
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Payton Legal Group
- Jan 25
- 3 min
Black mortgage discrimination – applicants denied at an alarming rate
Black mortgage applicants are being turned down at a much higher rate than their White counterparts
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Payton Legal Group
- Jan 14
- 1 min
Black homeownership – mortgage approval gap is widening
Black homeownership – mortgage approval gap is widening. A recent look at HMDA data reveals disparity has grown to an alarming degree.
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Payton Legal Group
- Dec 8, 2021
- 2 min
How many renters and homeowners are missing payments?
Renters were three times more likely than homeowners to miss payments in September and October.
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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
- Oct 28, 2021
- 4 min
Why some bankers are rushing to settle US redlining probes
The clampdown is coming at a particularly awkward time. A group of veteran bankers and private equity investors in Texas spotted an...
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Payton Legal Group
- Oct 25, 2021
- 3 min
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, 2021
- 3 min
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
- Sep 10, 2021
- 2 min
What happened to foreclosures after federal moratorium ended?
Report reveals impact of moratorium expiration on foreclosure activity Foreclosure activity spiked 27% month over month and 60% year over...
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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 25, 2021
- 2 min
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.
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Payton Legal Group
- Jun 24, 2021
- 2 min
Calls for extension to eviction ban
With one week to go before the nationwide ban on evictions expires, the White House is acknowledging that protections are still needed.
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Payton Legal Group
- Jun 22, 2021
- 3 min
Judge finds eviction moratorium “unenforceable”
Judge finds eviction moratorium “unenforceable”. It could prompt a spate of people to be forced from their homes.
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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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