A unit of Warren Buffett's Berkshire Hathaway is being used by the Consumer Financial Protection Bureau (CFPB) for disregarding "clear and obvious red flags" indicating that borrowers were unable ...

The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't afford loans to buy manufactured homes.

A federal regulator sued a mortgage finance firm owned by Warren Buffett’s Berkshire Hathaway conglomerate on Monday, claiming it made loans to buyers of manufactured homes that it knew they ...

Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks after a shareholders meeting in Omaha, Nebraska, May 5, 2019. The CFPB accused a Berkshire company of approving mortgages to ...

Representatives for Berkshire Hathaway, based in Omaha, Nebraska, and Maryville, Tennessee-based Vanderbilt didn’t immediately respond to requests for comment on the lawsuit.

A lawsuit alleges that a unit of Warren Buffett's Berkshire Hathaway ignored red flags that borrowers couldn't afford the mortgages they were given to buy manufactured homes.

What To Know. Vanderbilt Mortgage & Finance, a division of Berkshire Hathaway's Clayton Homes—the nation's largest manufacturer of prefabricated homes—is at the center of the CFPB lawsuit.