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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


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


What 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 Group
Sep 10, 20212 min read


Wells Fargo slapped by multi-million fine
Consumer missteps come back to haunt it Wells Fargo & Co. will pay a $250 million fine after the Office of the Comptroller of the...

Payton Legal Group
Sep 10, 20212 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


CDC delivers verdict on eviction and foreclosure bans
Centers for Disease Control extends the nationwide ban protecting tenants who are unable to make rental payment for one final month.

Payton Legal Group
Jun 25, 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


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


Why Hawaii and Nevada had the largest delinquency spike in December
Why Hawaii and Nevada had the largest delinquency spike in December

Payton Legal Group
Mar 10, 20211 min read


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%

Payton Legal Group
Mar 3, 20213 min read


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.

Payton Legal Group
Feb 25, 20213 min read


Five million Americans missed housing payments in December
Five million Americans missed housing payments in December

Payton Legal Group
Feb 8, 20212 min read


How, and why, we should solve housing’s affordability problem
America’s affordability crisis is worsening. What can the US mortgage industry do in the face of these challenges.

Payton Legal Group
Feb 5, 20213 min read
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