A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.
Vanderbilt relied on unrealistic expectations of what borrowers would need financially after making their mortgage payment, according to the complaint.
The US government has sued a unit of Warren Buffett’s Berkshire Hathaway ... The agency filed its complaint in the Knoxville, Tennessee, federal court, nearby the company’s Maryville headquarters.
The Consumer Financial Protection Bureau filed a lawsuit against Vanderbilt Mortgage & Finance on Monday, alleging the Warren Buffett's Berkshire Hathaway Inc. subsidiary systematically approved unaffordable manufactured home loans that set borrowers up for failure.
A lawsuit alleges 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.
The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in mortgage applications.
Warren Buffett, Chairman and CEO of Berkshire Hathaway ... Both Vanderbilt and Clayton are based in Tennessee. “For 50 years, Vanderbilt Mortgage has increased homeownership in the U.S. The CFPB’s lawsuit is unfounded and untrue, and is the latest ...
A Chapel Hill Republican has filed a bill that would rename Tennessee's largest airport after the soon-to-be president.
Tennessee Highway Patrol (THP) urged drivers across the state to be safe and respectful behind the wheel. TikTok shuts down as U.S. ban takes effect
Warren Buffett Owns 6 Dow Jones Stocks. Here's the Best of the Bunch for Income Investors to Buy Right Now.
Warren Buffett always wanted to make money. As a child growing up in Omaha, Neb., he traded Coca-Cola and chewing gum with other kids, sold stamps and golf balls to adults, and worked in his dad’s grocery store.
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