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Suit Accuses Pulte Homes of Inflating Prices

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At www.sfgate.com

The lawsuit, filed in U.S. District Court in Northern California, alleges that Pulte's 'one-stop shopping' business model, in which it controlled sales, financing, settlement services and appraisals, allowed it to sell homes at inflated prices and give buyers mortgages they could not afford. Since Pulte Mortgage, Pulte's financing subsidiary, quickly sold its loans on Wall Street, it was not affected when buyers defaulted,

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At www.sfgate.com


 

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