Tag: mortgage
Trump’s VA strands thousands of veterans by ending a key mortgage program
By Chris Arnold , Quil Lawrence The U.S. Department of Veterans Affairs, as of Thursday, has ended a new mortgage-rescue program that so far has helped about 20,000 veterans avoid foreclosure and keep their homes. The move leaves millions of military veterans with far worse options than most other American homeowners if they run into…
Faisal Islam: Mortgage rates are not rising yet but Reeves has to act
It has not been a good week for Chancellor Rachel Reeves. Government borrowing costs have hit their highest level in 16 years and the pound has fallen to a 14-month low against the dollar. She has gone on a planned trip to China amid accusations from opposition parties that she is leaving at a moment…
CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices
By Scott Neuman The U.S. Consumer Financial Protection Bureau said Monday that it is suing a Tennessee-based mortgage lender owned by Berkshire Hathaway, accusing the company of predatory practices aimed at steering borrowers into manufactured homes they could not afford. The CFPB said that Vanderbilt Mortgage & Finance often disregarded evidence that borrowers could not…