The nation’s top consumer advocacy watchdog, the Consumer Financial Protection Bureau (CFPB), is intensifying its investigation into high-interest seller-financed home sales.
This type of home sale typically targets low-income buyers unable to acquire a traditional mortgage. The CFPB announced Monday (Nov. 15) that it has called upon Harbour Portfolio Advisors of Dallas and National Asset Advisors of Columbia, SC, two major companies offering these types of contracts, to comply with a civil investigative demand for documents.