Payton Legal Group
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
- 3 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
- 1 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, 2022
- 2 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, 2022
- 3 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, 2022
- 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, 2022
- 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, 2022
- 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, 2022
- 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, 2022
- 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, 2022
- 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, 2022
- 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, 2022
- 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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