Payton Legal GroupJun 44 minBoston-area man convicted in 10-year mortgage fraud schemeScam involved at least two dozen fraudulent loan transactions totaling $6.5M.
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 GroupMar 123 minNew Jersey man draws nine-year prison stint for mortgage fraudA New Jersey man was sentenced on Thursday to 108 months in prison for conspiring to obtain mortgage loans to finance the sale of properties
Payton Legal GroupMar 93 minCalifornia man pleads guilty to mortgage modification scam.A California man has pled guilty to operating a multimillion-dollar mortgage modification fraud scheme.
Payton Legal GroupFeb 283 minHighest foreclosure activity since March 2020. Highest foreclosure activity since March 2020. The increase coincides with lifting of CFPB restrictions
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 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 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 4, 20211 minForbearance share dips as re-entries increaseForbearance re-entries increased to almost 5.6%.
Payton Legal GroupJun 1, 20213 minWhat’s the impact of the end of forbearance?On June 30 of this year, the federal forbearance program is set to end.
Payton Legal GroupMay 10, 20212 minComplaints hit record levels – CFPBMortgage customers aren’t happy – in fact, the last time they were this unhappy was April 2018.
Payton Legal GroupMay 1, 20213 minU.S. Foreclosure Activity Continues To Increase Despite Government MoratoriumForeclosure Activity Increases 9 Percent in First Quarter of 2021; Foreclosure Starts Increase 3 Percent From Last Quarter.
Payton Legal GroupApr 16, 20211 minForeclosure activity increases in Q1, despite moratoriumForeclosure activity increased over the first quarter of 2021.
Payton Legal GroupApr 8, 20213 minCan the CFPB's new forbearance rules prevent a foreclosure crisis?Can the CFPB's new forbearance rules prevent a foreclosure crisis?
Payton Legal GroupApr 6, 20211 minUS consumer watchdog eyes rules to prevent foreclosuresThe Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures.