The US government has sued a unit of Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers into unaffordable loans—so customers would buy homes from the company’s manufactured housing ...
Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, the Consumer Financial Protect Bureau alleged in the complaint.
Maryville, Tenn.-based Vanderbilt is a unit of Clayton Homes, a subsidiary of Berkshire Hathaway and one of the largest manufactured-housing companies in the U.S. Neither Vanderbilt nor Berkshire ...
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 ...
SARATOGA SPRINGS — In an ongoing effort to alleviate the city’s affordable housing crisis, the city’s housing authority and ...
Gary R. Vanderbilt of Mansfield passed away early Thursday morning, January 9, 2025, at his home surrounded by his family. He ...
“Vanderbilt knowingly traps people in risky ... tend to be lower-income residents of rural communities. Manufactured housing is often promoted as a pathway to homeownership for consumers with ...
says Vanderbilt has been on the organization's radar for a number of years. Calhoun says interest rates on loans made for manufactured housing are typically 50% higher than for other types of housing.