“Vanderbilt knowingly traps people in risky loans in order to close the deal on selling a manufactured home,” Rohit Chopra, ...

Around 43% of mobile homes are secured with personal property loans, or “chattel” loans, in which the only collateral used against the loan is the asset itself. In 2019, when Vanderbilt was ...

It accused the nation’s biggest mobile-home builder — owned by one of ... the suit took aim at Vanderbilt Mortgage and Finance, a Tennessee-based lender owned by Clayton Homes, part of ...

“Vanderbilt knowingly traps people in risky loans in order to close the deal on selling a manufactured home,” CFPB Director Rohit Chopra said in a statement. Vanderbilt is a unit of Berkshire ...