The CFPB is suing Vanderbilt Mortgage for alleged predatory lending and failing to verify borrowers’ ability to repay loans.

The lawsuit alleges the lender “saddled borrowers in the greatest need with mortgages that they couldn’t reasonably afford to ...

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 ...

A Maryville-based mortgage lender that primarily provides mortgages for manufactured homes is being sued by the Consumer ...

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 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 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 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 ...