Warren Buffett's Exploitative Mobile Home Investment - Forbes
Apr 18, 2019 · Warren Buffett’s company Clayton Homes, the biggest mobile home manufacturer in the U.S., has continued to profit from high interest rate loans.
Clayton Homes - Wikipedia
Clayton Homes (or Clayton) is the largest builder of manufactured housing and modular homes in the United States. [1] [2] It is a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway. [3] Clayton Homes' corporate headquarters are in Maryville, Tennessee. [4]
Warren Buffett, Clayton Homes Scandal: Minority Exploitation - Money
Dec 28, 2015 · Recently, the Seattle Times published a special report in conjunction with BuzzFeed News on the business practices of Clayton Homes, a massive modular housing company owned by Warren Buffett's Berkshire Hathaway, the holding company that serves as a massive investment vehicle.
Warren Buffett’s mobile home empire preys on the poor
Apr 3, 2015 · Warren Buffett’s Clayton Homes lends at interest rates that can top 15 percent, and often adds thousands in fees to borrowers’ loans. Clayton customers report deceptive and predatory deals including loan terms that changed abruptly, surprise fees and pressure to take on excessive payments.
Consumer watchdog says Berkshire Hathaway unit ignored red …
Jan 6, 2025 · The federal Consumer Financial Protection Bureau said in a lawsuit 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 from another Berkshire company. ... Vanderbilt is a unit of Berkshire’s Clayton Homes, which is the nation’s largest ...
Minorities exploited by Warren Buffett’s mobile-home empire
Dec 26, 2015 · Clayton Homes has used a pattern of deception to help extract billions from poor customers around the country — particularly people of color, who make up a substantial and growing portion of...
The mobile-home trap: How a Warren Buffett empire preys on …
Apr 2, 2015 · Billionaire philanthropist Warren Buffett controls a mobile-home empire that promises low-income borrowers affordable houses. But all too often, it traps those owners in high-interest loans and...
Federal officials investigating practices of Warren Buffett’s …
May 18, 2018 · The federal government is investigating Clayton Homes, the mobile-home business in Warren Buffett’s empire that was the subject of a news investigation into its lending to low-income and...
C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over …
Jan 6, 2025 · A mortgage firm owned by Warren Buffett’s Berkshire Hathaway was sued over its lending practices. ... Vanderbilt is a subsidiary of Clayton Homes, the country’s largest builder of manufactured ...
Warren Buffett’s Mobile-Home Empire Makes Record Profits …
Feb 28, 2016 · Warren Buffett used his annual letter to Berkshire Hathaway shareholders Saturday to expand his defense of the mobile-home business Clayton Homes, while disclosing that the company foreclosed on more than 8,000 customers last year.