The U.S. Consumer Financial Protection Bureau said Monday that it is suing a Tennessee-based mortgage lender owned by Berkshire Hathaway, accusing the company of predatory practices aimed at steering borrowers into manufactured homes they could not afford.
Vanderbilt relied on unrealistic expectations of what borrowers would need financially after making their mortgage payment, according to the complaint.
Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge after ... Both Vanderbilt and Clayton are based in Tennessee. “For 50 years, Vanderbilt Mortgage has increased homeownership in the U.S. The CFPB’s lawsuit is ...
Both Vanderbilt and Clayton are based in Tennessee. This recent legal action revisits ... prioritized closing deals over ensuring borrowers’ financial stability. Berkshire Hathaway, headquartered in Omaha, Nebraska, owns a wide range of companies ...
Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, the Consumer Financial Protect Bureau alleged in the complaint.
The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in mortgage applications.
The Consumer Financial Protection Bureau filed a lawsuit against Vanderbilt Mortgage & Finance on Monday, alleging the Warren Buffett's Berkshire Hathaway Inc. subsidiary systematically approved unaffordable manufactured home loans that set borrowers up for failure.
A Reuters analysis shows that Berkshire coal plants emit more nitrogen oxide gases than any other coal-fired fleet in the country. Despite big investments in renewable energy, the company has resisted efforts by regulators to make coal plants cleaner.
Pilot Co. last month opened its largest location to date in Stanton, Tennessee, a 20,000-square-foot travel center.
One billionaire investor plans to take this long-term focused real estate company and make it the next big conglomerate.
A look at the shareholders of Founders Metals Inc. ( CVE:FDR) can tell us which group is most powerful. With 59% stake, individual investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Warren Buffett’s company, Berkshire Hathaway, has stockpiled over $320 billion in cash and cash equivalents, primarily in short-term U.S. Treasury bills. This is the highest percentage of cash in the company’s portfolio in over 30 years,