Consumer watchdog says Berkshire Hathaway unit ignored red flags in manufactured home loans
The federal Consumer Financial Protection Bureau said in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway ignored red flags that borrowers couldn't afford the mortgages they were given to buy manufactured homes from another Berkshire company.
US regulator sues Berkshire-owned lender for making risky home loans, missing red flags
The U.S. Consumer Financial Protection Bureau sued a unit of Warren Buffett's Berkshire Hathaway on Monday, accusing it of pushing borrowers into unaffordable loans to buy homes from Clayton Homes, Berkshire's manufactured housing business.
Berkshire-owned lender sued by CFPB over ‘unaffordable’ home loans
Vanderbilt relied on unrealistic expectations of what borrowers would need financially after making their mortgage payment, according to the complaint.
CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices
The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't afford loans to buy manufactured homes.
CFPB alleges Berkshire Hathaway unit ignored red flags in manufactured home loans
The lawsuit revives concerns about potentially predatory lending practices within Berkshire's extensive empire.
Unit of Warren Buffett's Berkshire Hathaway Sued by CFPB Over Home Loans
The Consumer Financial Protection Bureau (CFPB) said that Vanderbilt Mortgage & Finance trapped "people in risky loans."
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.
CFPB Sues Vanderbilt for Pushing Borrowers Into Unaffordable Loans
The agency on Monday said the company's business model ignored signs that borrowers couldn't afford loans that resulted in families struggling to make payments and meet basic life needs. It also alleged that Vanderbilt charged borrowers fees and penalties when their loans became delinquent,
ENC homeowner at odds with Clayton Homes, left without heat since Christmas
One Martin County homeowner says he's been without heat since Christmas due to a septic issue in a home he purchased from ...
Lawsuit accuses Maryville home lender of predatory lending
The lawsuit alleges the lender “saddled borrowers in the greatest need with mortgages that they couldn’t reasonably afford to ...
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Berkshire Hathaway-Owned Lender Sued Over Unaffordable Mortgages
The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in ...
Warren Buffett's Berkshire Hathaway Subsidiary Sued Over Unaffordable Loans, 2008-Style Predatory Loan Approval Tactics
The Consumer Financial Protection Bureau filed a lawsuit against Vanderbilt Mortgage & Finance on Monday, alleging the Warren ...
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Maryville-based lender accused of giving borrowers mortgages they could not repay
A Maryville-based mortgage lender that primarily provides mortgages for manufactured homes is being sued by the Consumer Financial Protection Bureau (CFPB) over allegations that the lender ...
Maryville home lender accused of predatory lending
The lawsuit claims Vanderbilt Mortgage manipulated lending standards when borrowers didn't make sufficient income. The ...