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Consumer watchdog says Berkshire Hathaway unit ignored red flags in manufactured home loans
The CFPB said Monday that Vanderbilt Mortgage & Finance's decisions put many families in a position where they struggled to pay their bills and purchase basic necessities. In one example, Vanderbilt ...
Boise State Public Radio19d
CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices
The CFPB said that Vanderbilt Mortgage & Finance often disregarded evidence that borrowers could not afford the loans. Vanderbilt is a subsidiary of Clayton Homes, the largest U.S. producer of ...
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CFPB sues Vanderbilt Mortgage over risky loans
The company stated, “For 50 years, Vanderbilt Mortgage has increased homeownership in the U.S. The CFPB’s lawsuit is the latest example of politically motivated, regulatory overreach.” ...
The New York Times20d
Mobile-Home Lender Owned by Buffett Is Sued Over Risky Mortgages
A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them. By Matthew Goldstein A federal regulator ...
NerdWallet on MSN3d
Questions Before Buying a Manufactured Home
Manufactured homes can be a cheaper option but may lose value over time, unlike a traditional home that gains equity.