The CFPB aims to halt Vanderbilt’s alleged misconduct and secure relief for affected homeowners. Manufactured homes, often a critical source of affordable housing for low-income and rural ...

Vanderbilt Mortgage & Finance, part of Warren Buffett’s conglomerate Berkshire Hathaway, has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting ...

Maryville, Tenn.-based Vanderbilt is a unit of Clayton Homes, a subsidiary of Berkshire Hathaway and one of the largest manufactured-housing companies in the U.S. Neither Vanderbilt nor Berkshire ...

Berkshire's manufactured housing business. Vanderbilt Mortgage and Finance, a unit of Clayton, allegedly ignored "clear and obvious red flags" that borrowers could not afford their loans ...

Vanderbilt also does business as Silverton Mortgage. Manufactured homes and mobile homes are considered a vital source of affordable housing for millions of low-income Americans and for older ...

The CFPB’s case against Vanderbilt highlights ongoing concerns about predatory lending practices in the manufactured housing industry. As this legal battle unfolds, its implications could extend ...

“Vanderbilt knowingly traps people in risky ... tend to be lower-income residents of rural communities. Manufactured housing is often promoted as a pathway to homeownership for consumers with ...

The Federal Housing Administration (FHA) offers financing for manufactured homes, but it has specific requirements regarding the home’s age, condition, and location on real property. Vanderbilt ...