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 ...
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 ...
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 Consumer Financial Protection Bureau (CFPB) has filed a lawsuit alleging that Vanderbilt Mortgage & Finance, a unit of Warren Buffett’s Berkshire Hathaway, “ignored clear and obvious red flags” ...
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 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 ...
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CFPB sues Vanderbilt Mortgage over risky loansThe 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.” ...
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 ...
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