Compared to peers, Vanderbilt charges minorities the most
Under federal rules, a lender making a “higher-priced” loan must disclose data about its interest rate. Among the 25 companies that originated at least 500 such mobile-home loans over the past five years, Clayton Homes’ Vanderbilt Mortgage gave the highest rates to minority borrowers as compared to whites.
Vanderbilt Mortgage
10 companies with most "higher-priced" loans
0.73
Smaller companies
San Antonio Federal Credit Union
0.32
Size of circle represents number of "higher-priced" loans
Centier Bank
1
U.S. Bank
0.28
0.39
American Financial Resources
-0.02
0.5
Borrowing rates for minorities
and whites are the same at 0
0
0
0.46
0.01
First Federal Bank
Charleston, SC
0.13
Wells Fargo Bank
21st Mortgage*
0.06
-0.5
Southwest Stage Funding
Origen Financial Services
Rate gap between
whites, minorities
-2.34
10 companies with most "higher-priced" loans
Smaller companies
Size of circle represents number of "higher-priced" loans
Rate gap between whites, minorities:
-0.5
0
0.5
1
0.73
Vanderbilt Mortgage
0.39
U.S. Bank
0.32
San Antonio Federal Credit Union
0.13
21st Morgage*
-0.02
American Financial Resources
-2.34
Origen Financial Services
0
Borrowing rates for minorities and whites are the same at 0