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Benzinga
Benzinga
Business
Henry Khederian

LGI Homes Foreclosure Rates 4x Higher Than FHA Average, Hunterbrook Report Alleges

LGI LGI Homes FHA LGIH Foreclosure Hunterbrook Media
LGIHomes.southeast-davidson-l-002-1

Shares of homebuilder LGI Homes Inc (NASDAQ: LGIH) are trading lower Monday morning after a report by Hunterbrook Media accused the company of luring renters into buying homes they cannot afford through deceptive marketing and aggressive sales tactics.

What To Know: The report, titled “Buyer’s Remorse,” alleges LGI Homes targets low-income individuals with ads for unrealistically low monthly payments that omit significant costs like taxes, insurance and HOA fees.

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