The Consumer Financial Protection Bureau has accused Vanderbilt Mortgage & Finance of misleading borrowers looking to finance manufactured homes. In a new lawsuit, the CFPB claims Vanderbilt ignored obvious signs that borrowers could not afford loans, resulting in excessive financial struggle for families struggling to make payments. Vanderbilt allegedly charged fees and penalties on delinquent…
By ERIN FLYNN JAY A growing percentage of American homeowners have no mortgage on their property. According to the U.S. Census Bureau, nearly 40% of homes in the country were mortgage-free last year. That means more than 34 million homeowners have fully paid off their mortgage, leaders at the National Association of Home Builders said…
By ERIN FLYNN JAY Holiday home shoppers who are sensitive to mortgage interest rates near 8% may resist the idea of buying before Thanksgiving, hoping that Santa Claus brings relief, but is waiting until Christmas the answer this season? On Wednesday, the Federal Reserve held its target range for the federal funds rate at 5.25%…
By ERIN FLYNN JAY The city of Philadelphia, like many other communities in the country, is caught in a balancing act. High rents and a lack of affordable housing are a problem, but at the same time, building reduces much-needed green spaces for residents. What are city leaders doing to tackle these issues? Vern Anastasio,…
Berkshire Hathaway affiliate Intero has named Scott Chase president of the company and Terry Meyer as COO, according to a press release. Chase, who formerly served as COO, joined Intero in November 2018. As president, he will continue managing the Los Altos and Menlo Park offices, while focusing on increasing revenue and agent differentiation. He…
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