Federal agencies said Colony Ridge used misleading sales tactics, including misrepresentations about flooding risks, and failed to verify borrowers' ability to repay, which contributed to high foreclosure rates. The settlement reached with the DOJ, CFPB and Texas OAG marks the DOJ's first predatory mortgage lending case and the CFPB's first federal court lawsuit involving the Interstate Land Sales Full Disclosure Act (ILSA).
"Point me in the direction of what dollar amount you need, and we'll get it priced out and funded today!" It's Bella, it's Jake, it's Zevi strangers offering quick cash to help Joshua Esnard's small business in North Carolina. How does $350,000 sound? Or $768,000 and up to $900,000? Approval in an hour, they say, money in a day. "No gimmicks, Joshua." "No hidden fees, No BS."
In January 2026, mortgage industry professionals and banking trade groups warned that President Donald Trump's proposed 10% interest rate cap on credit cards could have unintended negative consequences for homebuyers and the broader economy. While intended to provide financial relief, experts argue the measure could inadvertently tighten credit access and damage borrower credit scores. The primary concerns cited by mortgage and finance experts include:
The study demonstrated that while affluent areas exhibit high debt per borrower, lower-income regions, especially Black and Latino neighborhoods, bear even greater debt burdens and delinquency.