Tag: mortgage
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…