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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

Payton Legal Group
Mar 12, 20223 min read


California man pleads guilty to mortgage modification scam.
A California man has pled guilty to operating a multimillion-dollar mortgage modification fraud scheme.

Payton Legal Group
Mar 9, 20223 min read


Highest foreclosure activity since March 2020.
Highest foreclosure activity since March 2020. The increase coincides with lifting of CFPB restrictions

Payton Legal Group
Feb 28, 20223 min read


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.

Payton Legal Group
Nov 24, 20211 min read


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...

Payton Legal Group
Oct 28, 20214 min read


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.

Payton Legal Group
Oct 25, 20213 min read


Justice Department to expand redlining investigation efforts
The Justice Department announced Friday a cross-government effort to investigate and prosecute redlining.

Payton Legal Group
Oct 25, 20213 min read


Mortgage boom drives biggest jump in household debt since 2013
US household debt rose at the fastest pace since 2013 in the second quarter.

Payton Legal Group
Aug 4, 20212 min read


Biden rolls out enhanced mortgage aid – can it curb foreclosure spike?
The Biden administration is offering delinquent borrowers new loan modifications and payment reductions.

Payton Legal Group
Jul 26, 20212 min read


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.

Payton Legal Group
Jun 22, 20211 min read


Forbearance share dips as re-entries increase
Forbearance re-entries increased to almost 5.6%.

Payton Legal Group
Jun 4, 20211 min read


What’s the impact of the end of forbearance?
On June 30 of this year, the federal forbearance program is set to end.

Payton Legal Group
Jun 1, 20213 min read


Complaints hit record levels – CFPB
Mortgage customers aren’t happy – in fact, the last time they were this unhappy was April 2018.

Payton Legal Group
May 10, 20212 min read


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.

Payton Legal Group
May 1, 20213 min read


Foreclosure activity increases in Q1, despite moratorium
Foreclosure activity increased over the first quarter of 2021.

Payton Legal Group
Apr 16, 20211 min read


Can the CFPB's new forbearance rules prevent a foreclosure crisis?
Can the CFPB's new forbearance rules prevent a foreclosure crisis?

Payton Legal Group
Apr 8, 20213 min read


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.

Payton Legal Group
Apr 6, 20211 min read


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.

Payton Legal Group
Mar 30, 20213 min read


February’s housing starts are bad news for the housing market
February’s housing start numbers have been disappointing for the housing market.

Payton Legal Group
Mar 19, 20212 min read


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.

Payton Legal Group
Mar 19, 20211 min read
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