the CFPB identified less than 0.8% of loans over a six-year period that allegedly shouldn't have been made, the statement continued. "Despite regularly blessing Vanderbilt Mortgage's underwriting ...

The Consumer Finance Protection Bureau (CFPB) today filed a lawsuit against Vanderbilt Mortgage & Finance, a Tennessee-based multi-channel nonbank lender that originates loans for manufactured homes ...

Vanderbilt Mortgage & Finance, part of Warren Buffett’s conglomerate Berkshire Hathaway, has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting ...

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 can be a cheaper option but may lose value over time, unlike a traditional home that gains equity.

"Vanderbilt Mortgage's underwriting processes exceed ... "Far from protecting American consumers, the CFPB's lawsuit will deprive credit-worthy borrowers of owning a home." The CFPB said it ...

The Consumer Financial Protection Bureau has filed a lawsuit in the Eastern District of Tennessee against Vanderbilt Mortgage and Finance, a mortgage finance firm owned by Warren Buffett’s ...

The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't afford loans to buy... The U.S. Consumer Financial Protection Bureau said ...