Consumer watchdog says Berkshire Hathaway unit ignored red …
3 days ago · 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. ... The CFPB said Monday that Vanderbilt Mortgage & Finance’s decisions put many families ...
CFPB sues Berkshire Hathaway-owned mortgage lender for …
3 days ago · The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't afford loans to buy manufactured homes.
Consumer watchdog says Berkshire Hathaway unit ignored red …
3 days ago · The federal Consumer Financial Protection Bureau says in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway “ignored clear and obvious red flags” that borrowers couldn't afford the ...
CFPB says unit of Warren Buffett's Berkshire Hathaway ... - ABC News
3 days ago · OMAHA, Neb. -- The federal Consumer Financial Protection Bureau says in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway “ignored clear and obvious red flags” that borrowers couldn ...
CFPB Sues Berkshire-Owned Lender Over ‘Unaffordable’ Loans
3 days ago · (Bloomberg) -- A lender owned by Warren Buffett’s Berkshire Hathaway Inc. knowingly issued “unaffordable” home mortgages by ignoring the insufficient income or assets of some borrowers, a ...
CFPB sues Berkshire Hathaway-owned mortgage lender for …
4 days ago · 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 manufactured homes, which in turn is a subsidiary of Warren Buffett's holding company, Berkshire Hathaway.
Berkshire-Owned Lender Sued by CFPB Over ‘Unaffordable’ Loans
3 days ago · A lender owned by Warren Buffett ’s Berkshire Hathaway Inc. knowingly issued “unaffordable” home mortgages by ignoring the insufficient income or assets of some borrowers, a top financial regulator alleged in a lawsuit Monday.. The Consumer Financial Protection Bureau sued Vanderbilt Mortgage & Finance Inc. in US District Court for the Eastern District of Tennessee, claiming the firm’s ...
US Regulator Sues Berkshire-Owned Lender for Making Risky ... - U.S. News
4 days ago · US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. ... Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange ...
CFPB sues Berkshire Hathaway company Vanderbilt Mortgage
3 days ago · The Consumer Financial Protection Bureau is suing Vanderbilt Mortgage and Finance, a unit of Berkshire Hathaway subsidiary Clayton Homes, for risky lending practices that left many consumers bankrupt and without a home. The lender, which originates manufactured home loans, knowingly ignored red ...
Unit of Warren Buffett's Berkshire Hathaway Sued by CFPB Over …
A unit of Warren Buffett's Berkshire Hathaway is being used by the Consumer Financial Protection Bureau (CFPB) for disregarding "clear and obvious red flags" indicating that borrowers were unable ...