Complaint / Review
Vanderbilt Mortgage & Finance Company
Unable to Refinance 16% Loan After Applying at 20 Banks

Six years ago I bought a new 16 X 80 and financed it with Tammac Corp. Well they sold my loan to Vanderbilt and my interest rate is 16% so I called to refi it but Vanderbilt doesn't refi acquired loans. Ok no big deal I will shop around. Wrong... Nobody will refi a Vanderbilt loan I have applied at 20 different banks and my credit is good. They all tell me the same thing that they are backed by Vanderbilt and can lose there deal with them if they take one of there loans... Is this right? Is this America? Has anyone else tried to refi with same results? Vanderbilt sucks!!!