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 ...

The CFPB said Monday that Vanderbilt Mortgage & Finance's decisions put many families in a position where they struggled to pay their bills and purchase basic necessities. In one example, Vanderbilt ...

The company stated, “For 50 years, Vanderbilt Mortgage has increased homeownership in the U.S. The CFPB’s lawsuit is the latest example of politically motivated, regulatory overreach.” ...

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them. By Matthew Goldstein A federal regulator ...

The Consumer Financial Protection Bureau has filed suit against Vanderbilt Mortgage & Finance, alleging the home-financing company pushed customers into unaffordable loans and set them up for failure.

The complaint alleges that Vanderbilt Mortgage and Finance, a unit of Clayton, ignored “clear and obvious red flags” that borrowers could not afford their loans. Many borrowers incurred late ...

The Consumer Financial Protection Bureau sued Vanderbilt Mortgage & Finance Inc. in US District Court for the Eastern District of Tennessee, claiming the firm’s lending process “ignored clear ...

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

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 ...