Buffet Bilking Borrowers?

[TerryRohrer]

Mobile-Home Lender Owned by Buffett Is Sued Over Risky Mortgages​

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.

www.nytimes.com

 

[Terrel L. Shields]

B- H makes money the old fashion way...by hook and by crook.

 

[Elliott]

Having been investing for over 50-years, anyone would have to be impressed with Warren and Charlie's record for turning over rocks and making good investments. But when Birkshire/Hathway was started I thought, "Why would someone so smart think they could get into real estate's ups and downs? Who would be that stupid? Do they not know how easy it is to lose your shirt with mortgage brokers lies, mortgage lenders out to make a buck, bankers ineptness, etc.?" Just look at the trillions the GSEs have lost.