Payton Legal Group
Washington Trust agrees to settlement over discrimination allegations
Washington Trust agrees to settlement over discrimination allegations
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Payton Legal Group
Jan 24, 20232 min
Forbearances may have reached a floor.
"Forbearance remains an option for struggling homeowners" The share of mortgage loans in forbearance has remained steady over the past...
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Payton Legal Group
Jan 13, 20233 min
Bank to pay $31 million redlining settlement
Bank to pay $31 million redlining settlement. It's the DOJ's largest ever
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Payton Legal Group
Jan 13, 20231 min
US foreclosure filings surged 115% in 2022
US foreclosure filings surged 115% in 2022. The report reveals why repossession remains low despite the rise in foreclosure activity
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Payton Legal Group
Dec 14, 20222 min
US foreclosures continue to soar… but they are still below pre-pand
US foreclosures continue to soar
… but they are still below pre-pandemic levels
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Payton Legal Group
Oct 22, 20223 min
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, 20222 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, 20222 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, 20221 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, 20224 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, 20222 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, 20223 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, 20223 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, 20221 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, 20212 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, 20211 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, 20214 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, 20213 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, 20213 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, 20212 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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