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CFPB Sues Experian Over Handling Consumer Disputes

CFPB Sues Experian Over Handling Consumer Disputes

by Phil Hall | Jan 7, 2025 | Industry Updates, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the consumer reporting agency Experian, alleging that if failed to properly investigate consumer disputes. Experian, based in Costa Mesa, California, is one of the nation’s three largest...
CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’

CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’

by Phil Hall | Jan 7, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Vanderbilt Mortgage & Finance, claiming the company was “setting families up to fail when they borrowed money to buy a manufactured home.” Maryville, Tennessee-based Vanderbilt originates...
Home Builders Join Lawsuit Against HUD and USDA Over Energy Codes

Home Builders Join Lawsuit Against HUD and USDA Over Energy Codes

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Home Builders (NAHB) has joined 15 state attorneys general in a lawsuit to stop to the US Department of Housing and Urban Development (HUD) and the US Department of Agriculture (USDA) from adopting the 2021 International Energy Conservation...
Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A New Jersey judge rejected a request from 26 towns for an injunction to halt the state’s affordable housing development process while their lawsuit challenging the state requirements is decided. The towns sued in October to void a state law the created guidelines for...
CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’

Now-Defunct Success Real Estate Sued by Former Agents

by Phil Hall | Dec 31, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Twelve former agents with Massachusetts’ Success Real Estate have sued the company, which abruptly shut down two weeks ago, and its owner Stephen Webster. According to coverage in The Patriot-Ledger, the agents said they are owed hundreds of thousands of dollars in...
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