Berkshire Hathaway, CFPB and Home Loans

Consumer watchdog says Berkshire Hathaway unit ignored red flags in manufactured home loans
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.
CFPB alleges Berkshire Hathaway unit ignored red flags in manufactured home loans
The lawsuit revives concerns about potentially predatory lending practices within Berkshire's extensive empire.
Unit of Warren Buffett's Berkshire Hathaway Sued by CFPB Over Home Loans
The Consumer Financial Protection Bureau (CFPB) said that Vanderbilt Mortgage & Finance trapped "people in risky loans."
Part of Warren Buffett’s empire just got sued by the US government
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 business.
Huge New Year’s Insider Buying From Warren Buffett and Others
After a period of trimming stakes, Warren Buffett's Berkshire Hathaway ended the year making some sizable insider purchases. Building one of those stakes continued into the new year. Meanwhile, other insiders returned to add to stakes as well in a telecom and a boat maker.
Warren Buffett’s steadfast confidence in American Express
Warren Buffett’s Berkshire Hathaway has held a significant stake in American Express for over 60 years. Despite trimming various stock positions throughout 2024, Buffett has not sold any shares of American Express,
US regulator sues Berkshire-owned lender for making risky home loans, missing red flags
The U.S. Consumer Financial Protection Bureau sued a lender owned by Warren Buffett's Berkshire Hathaway on Monday, accusing ...
ENC homeowner at odds with Clayton Homes, left without heat since Christmas
One Martin County homeowner says he's been without heat since Christmas due to a septic issue in a home he purchased from ...
Lawsuit accuses Maryville home lender of predatory lending
The lawsuit alleges the lender “saddled borrowers in the greatest need with mortgages that they couldn’t reasonably afford to ...
Mobile-Home Lender Owned by Buffett Is Sued Over Risky Mortgages
A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes ...
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Berkshire Hathaway-Owned Lender Sued Over Unaffordable Mortgages
The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in ...
Berkshire-owned lender sued by CFPB over ‘unaffordable’ home loans
Vanderbilt relied on unrealistic expectations of what borrowers would need financially after making their mortgage payment, ...
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CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices
The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't ...
Maryville home lender accused of predatory lending
The lawsuit claims Vanderbilt Mortgage manipulated lending standards when borrowers didn't make sufficient income. The ...
Warren Buffett's Berkshire Hathaway Subsidiary Sued Over Unaffordable Loans, 2008-Style Predatory Loan Approval Tactics
The Consumer Financial Protection Bureau filed a lawsuit against Vanderbilt Mortgage & Finance on Monday, alleging the Warren ...
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Maryville-based lender accused of giving borrowers mortgages they could not repay
A Maryville-based mortgage lender that primarily provides mortgages for manufactured homes is being sued by the Consumer Financial Protection Bureau (CFPB) over allegations that the lender ...