Berkshire-owned lender sued by CFPB over ‘unaffordable’ home loans Vanderbilt is a unit of Clayton Homes Inc., a builder of single-family homes founded in 1956 in Tennessee.

CFPB sues Berkshire Hathaway's Vanderbilt unit over risky loans.Lawsuit alleges violations of the Truth in Lending Act. Clayton Homes, a Berkshire subsidiary, is the largest U.S. builder of ...

The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't afford loans to buy manufactured homes.

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 ...

Representatives for Berkshire Hathaway, based in Omaha, Nebraska, and Maryville, Tennessee-based Vanderbilt didn’t immediately respond to requests for comment on the lawsuit. Vanderbilt is a unit of ...