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, ...
Bisnow13d
Berkshire Hathaway-Owned Lender Sued Over Allegedly Unaffordable Mortgages
The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in ...
WATE 6 On Your Side13d
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 ...
Maryville home lender accused of predatory lending
The lawsuit claims Vanderbilt Mortgage manipulated lending standards when borrowers didn't make sufficient income. The ...
CFPB Alleges Berkshire Hathaway Subsidiary Originated Unaffordable Housing Loans
Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, ...
NerdWallet3d
What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, ...
Chattanooga Times Free Press7dOpinion
Opinion: Government must do more to rein in high health care costs
In an effort to address one of the biggest contributors to personal debt across the country, the federal government finalized ...
The New York Times15d
Mobile-Home Lender Owned by Buffett Is Sued Over Risky Mortgages
The civil suit, filed in federal court in the Eastern District of Tennessee by the Consumer Financial Protection Bureau, said Vanderbilt Mortgage and Finance ignored “clear and obvious” signs ...