Payton Legal Group
CFPB bans RMK Financial from mortgage industry for deceptive practices
Deceptive mortgage ads have led to a $1 million fine and a permanent ban on the company
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Payton Legal Group
- Jan 24
- 2 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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rustypayton
- Jan 18
- 3 min
Mortgage fraud trial looms for top prosecutor.
Tenure was marked by high-profile decisions. With a March trial date quickly approaching in the federal perjury case against Baltimore’s...
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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
- Dec 22, 2022
- 4 min
Wells Fargo problems far from over.
Wells Fargo problems far from over - report. Massive settlement isn't the end.
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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
- Nov 19, 2022
- 5 min
'Zombie mortgages' – homeowners facing foreclosure
'Zombie mortgages' – homeowners facing foreclosure. Old mortgages are having a big impact.
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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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Payton Legal Group
- Jul 27, 2022
- 3 min
Three more captured in massive multistate fraud scheme
Three more were captured in a massive multistate fraud scheme.
The trio unsuccessfully sought to declare themselves immune from prosecution
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Payton Legal Group
- Jul 15, 2022
- 3 min
New York man pleads guilty in mortgage fraud scheme
A New York man has pleaded guilty for his role in a mortgage fraud scheme involving multiple mortgage loans at a multifamily complex, US Ju
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Payton Legal Group
- Jun 3, 2022
- 4 min
Boston-area man convicted in 10-year mortgage fraud scheme
Scam involved at least two dozen fraudulent loan transactions totaling $6.5M.
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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
- Mar 12, 2022
- 3 min
New Jersey man draws nine-year prison stint for mortgage fraud
A New Jersey man was sentenced on Thursday to 108 months in prison for conspiring to obtain mortgage loans to finance the sale of properties
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Payton Legal Group
- Mar 9, 2022
- 3 min
California man pleads guilty to mortgage modification scam.
A California man has pled guilty to operating a multimillion-dollar mortgage modification fraud scheme.
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Payton Legal Group
- Feb 28, 2022
- 3 min
Highest foreclosure activity since March 2020.
Highest foreclosure activity since March 2020. The increase coincides with lifting of CFPB restrictions
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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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