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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Payton Legal Group
- Jun 22
- 1 min
MBA announces support for a plan to close the racial homeownership gap
The Mortgage Bankers Association has announced its support for the Black Homeownership Collaborative’s plan to boost Black Homeownership.
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Payton Legal Group
- Jun 4
- 1 min
Forbearance share dips as re-entries increase
Forbearance re-entries increased to almost 5.6%.
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Payton Legal Group
- Jun 1
- 3 min
What’s the impact of the end of forbearance?
On June 30 of this year, the federal forbearance program is set to end.
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Payton Legal Group
- May 10
- 2 min
Complaints hit record levels – CFPB
Mortgage customers aren’t happy – in fact, the last time they were this unhappy was April 2018.
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Payton Legal Group
- May 1
- 3 min
U.S. Foreclosure Activity Continues To Increase Despite Government Moratorium
Foreclosure Activity Increases 9 Percent in First Quarter of 2021; Foreclosure Starts Increase 3 Percent From Last Quarter.
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Payton Legal Group
- Apr 16
- 1 min
Foreclosure activity increases in Q1, despite moratorium
Foreclosure activity increased over the first quarter of 2021.
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Payton Legal Group
- Apr 8
- 3 min
Can the CFPB's new forbearance rules prevent a foreclosure crisis?
Can the CFPB's new forbearance rules prevent a foreclosure crisis?
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Payton Legal Group
- Apr 6
- 1 min
US consumer watchdog eyes rules to prevent foreclosures
The Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures.
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Payton Legal Group
- Mar 30
- 3 min
Biden has extended the eviction moratorium - what that means for mortgage
The Biden administration announced yesterday that it will extend the CDC’s federal moratorium on evictions of renters.
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Payton Legal Group
- Mar 19
- 2 min
February’s housing starts are bad news for the housing market
February’s housing start numbers have been disappointing for the housing market.
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Payton Legal Group
- Mar 19
- 1 min
US mortgage rates hit highest level in nine months
US mortgage rates climbed for the fifth consecutive week following the Fed’s announcement on Wednesday.
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Payton Legal Group
- Mar 10
- 1 min
Why Hawaii and Nevada had the largest delinquency spike in December
Why Hawaii and Nevada had the largest delinquency spike in December
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Payton Legal Group
- Mar 3
- 3 min
Why Black homeownership rates are 35% behind whites
New analysis from personal finance company NerdWallet has found that while homeownership rose to 75% among white Americans in 2020, only 44%
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Payton Legal Group
- Feb 25
- 3 min
Three solutions for homeowners in forbearance
Foreclosure and forbearance moratoriums were pushed out to June of this year but the extension isn’t necessarily a fix to the problem.
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Payton Legal Group
- Feb 8
- 2 min
Five million Americans missed housing payments in December
Five million Americans missed housing payments in December
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Payton Legal Group
- Feb 4
- 2 min
Slowdown in forbearance improvement presents new challenges
Next month is shaping up to be an “inflection point” for the nation’s housing market as almost a quarter of active forbearance plans end.
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Payton Legal Group
- Feb 4
- 1 min
Illinois real estate developer faces fraud charges for “helping” buyers qualify for mortgage loans
A real estate developer from Illinois and two others have been accused of running a multi-million-dollar mortgage fraud scheme.
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Payton Legal Group
- Jan 21
- 1 min
First-mortgage default rate sees uptick in December
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
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Payton Legal Group
- Jan 21
- 1 min
FHFA extends foreclosure, eviction moratoriums for the fifth time
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,
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