US Government Sues Warren Buffett’s Berkshire-Owned Lending Company for Predatory Mortgages

In one instance, the company allegedly provided a loan to a household that had 33 debts in collection.

A mobile home in Huntington Beach, Calif., on June 10, 2022. Julianne Foster/The Epoch Times

A mortgage lender owned by Warren Buffet’s holding company, Berkshire Hathaway, has been sued by the Consumer Financial Protection Bureau (CFPB), alleging that the business pushed people into taking unaffordable loans.

The Jan. 6 lawsuit was filed against Tennessee-based Vanderbilt Mortgage and Finance in the U.S. District Court for the Eastern District of Tennessee. The company provides loans for manufactured homes, also known as mobile homes.