Housing Feed

Safety agency urges vacation rental platforms to require owners to disable residential elevators until they can be inspected

After another death of a young child in a residential elevator, the CPSC Tuesday asked vacation rental platforms, AirBnB, Vrbo, and others, to take steps immediately to protect consumers. Small children can be crushed to death in a gap that may exist between the doors. Read more →


Consumers who buy manufactured homes are charged higher interest rates, have more risks, and face credit barriers, report shows

Manufactured housing, one of the most affordable types of housing available to low-income consumers, makes up 13 percent of the housing stock in small towns and rural America. However, the lower cost of buying a manufactured home often comes with higher interest rates and limited opportunity to refinance. Read more →


Real estate agents overcharge consumers billions annually through double-dipping, report shows

About one million sellers and buyers in home sales with a single agent are charged excessive commissions totaling several billion dollars annually, a report from the Consumer Federation of America shows. The report also examines the conflicts of interest of these double-dipping agents. Read more →


Sign up for my newsletter and get 10 money tips each week

This week, I wrote the 100th issue of my newsletter Helpful Money Tips for You. To celebrate, instead of offering my usual 10 tips, I offered 100. To sign up to get my free newsletter, go to http://eepurl.com/gkZ6JH. You'll get it in your email. Read more →


Federal and state agencies close down huge charity fraud operation

Two companies that operated a massive phone operation that placed 1.3 billion deceptive fundraising charity calls to 67 million consumers have agreed to settle charges by the FTC and states. The defendants collected more than $110 million using mostly illegal robocall solicitations.  Read more →


Two mortgage companies that sent deceptive loan ads to servicemembers and veterans settle with CFPB

The Consumer Financial Protection Bureau issued a consent order Friday against Sovereign Lending Group Inc., a mortgage lender in about 44 states and the District of Columbia. Sovereign offers mortgage loans guaranteed by the U.S. Department of Veterans Affairs. Read more →