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"
rustypaytonMar 271 minMortgage delinquency rates increase after nine monthsMortgage delinquency rates increase after nine months. The number of serious delinquencies are no cause for concern, however
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 GroupFeb 153 minClass action targets RealManage, HomeWiseDocs for 'unconscionable fees' charged to Home owners. Class action targets RealManage, HomeWiseDocs for 'unconscionable fees' charged to Home owners.
Payton Legal GroupJan 253 minBlack mortgage discrimination – applicants denied at an alarming rateBlack mortgage applicants are being turned down at a much higher rate than their White counterparts
Payton Legal GroupJan 141 minBlack homeownership – mortgage approval gap is wideningBlack homeownership – mortgage approval gap is widening. A recent look at HMDA data reveals disparity has grown to an alarming degree.
Payton Legal GroupDec 9, 20212 minHow many renters and homeowners are missing payments?Renters were three times more likely than homeowners to miss payments in September and October.
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 GroupOct 28, 20214 minWhy some bankers are rushing to settle US redlining probesThe clampdown is coming at a particularly awkward time. A group of veteran bankers and private equity investors in Texas spotted an...
Payton Legal GroupOct 25, 20213 minCiti agrees to racial auditCitigroup Inc. became the first Wall Street bank to agree to do a deep dive into its business on racial discrimination.
Payton Legal GroupOct 25, 20213 minJustice Department to expand redlining investigation effortsThe Justice Department announced Friday a cross-government effort to investigate and prosecute redlining.
Payton Legal GroupSep 11, 20212 minWhat 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...
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 25, 20212 minCDC delivers verdict on eviction and foreclosure bansCenters for Disease Control extends the nationwide ban protecting tenants who are unable to make rental payment for one final month.
Payton Legal GroupJun 24, 20212 minCalls for extension to eviction banWith one week to go before the nationwide ban on evictions expires, the White House is acknowledging that protections are still needed.
Payton Legal GroupJun 22, 20213 minJudge finds eviction moratorium “unenforceable”Judge finds eviction moratorium “unenforceable”. It could prompt a spate of people to be forced from their homes.
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 22, 20212 minNMHC asks firms to help renters as eviction ban deadline loomsIn anticipation of the eviction moratorium ending on June 30, The National Multifamily Housing Council has issued a new set of principles.
Payton Legal GroupJun 4, 20211 minForbearance share dips as re-entries increaseForbearance re-entries increased to almost 5.6%.