The lawsuit read like a fable of American capitalism. It accused the nation’s biggest mobile-home builder — owned by one of the world's wealthiest men and servicing the most financially vulnerable homeowners — of giving loans to borrowers who clearly wouldn't be able to make the payments.
Filed by the Consumer Financial Protection Bureau, the federal watchdog agency created after the Great Recession to prevent these types of practices, the suit took aim at Vanderbilt Mortgage and Finance, a Tennessee-based lender owned by Clayton Homes, part of billionaire Warren Buffett's empire.
