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 lender owned by Warren Buffett's Berkshire Hathaway on Monday, accusing it of pushing borrowers into unaffordable mortgages to buy homes from Clayton Homes,
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.
Berkshire Hathaway-Owned Lender Sued Over Unaffordable Mortgages
The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in mortgage applications.
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 sues Berkshire Hathaway company Vanderbilt Mortgage
The manufactured home loan lender, a unit of Berkshire Hathaway subsidiary Clayton Homes, was accused of ignoring red flags that sent many borrowers into bankruptcy, default and ultimately out of their homes.
CFPB sues Berkshire’s Vanderbilt Mortgage over risky mortgages
The Consumer Financial Protection Bureau has filed a lawsuit in the Eastern District of Tennessee against Vanderbilt Mortgage and Finance, a
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."
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 ...
Maryville home lender accused of predatory lending
The lawsuit claims Vanderbilt Mortgage manipulated lending standards when borrowers didn't make sufficient income. The ...
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 ...
WATE 6 On Your Side17h
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 ...
24/7 Wall St. on MSN1d
Huge New Year’s Insider Buying From Warren Buffett and Others
After a period of trimming stakes, Warren Buffett's Berkshire Hathaway ended the year making some sizable insider purchases.
Under30CEO on MSN1d
Warren Buffett’s steadfast confidence in American Express
Warren Buffett’s Berkshire Hathaway has held a significant stake in American Express for over 60 years. Despite trimming ...