CFPB sues Vanderbilt Mortgage for steering borrowers into unaffordable home loans.

The Consumer Financial Protection Bureau (CFPB) has sued Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, for allegedly steering borrowers into unaffordable manufactured homes. The CFPB claims Vanderbilt ignored borrowers' inability to afford loans and manipulated lending standards. Vanderbilt denies the allegations, stating its processes exceed legal requirements. The lawsuit aims to protect homebuyers and honest lenders.

2 months ago
41 Articles