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

The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in mortgage applications.

which is the nation’s largest builder of manufactured homes. 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 unfounded and untrue, and is the latest ...

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.

The U.S. Consumer Financial Protection Bureau said Monday that it is suing a Tennessee-based mortgage lender owned ... Vanderbilt is a subsidiary of Clayton Homes, the largest U.S. producer of manufactured homes, which in turn is a subsidiary of Warren ...

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.

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 U.S. Consumer Financial Protection Bureau sued a lender owned by Warren Buffett's Berkshire Hathaway on Monday, accusing it of pushing borrowers into unaffordable mortgages to buy homes from Clayton Homes,

Vanderbilt relied on unrealistic expectations of what borrowers would need financially after making their mortgage payment, according to the complaint.

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

The manufactured home loan lender, a unit of Berkshire Hathaway subsidiary Clayton Homes, was accused of ignoring red flags that sent many borrowers into bankruptcy, default and ultimately out of their homes.