Lender with ties to Warren Buffett backs a loan for manufactured homes

Quicken founder and Warren Buffett have ties beyond Yahoo. – Quicken founder and Warren Buffett have ties beyond Yahoo deal. Berkshire owns a company called Vanderbilt Mortgage and Finance Inc, which buys mortgages for traditional houses exclusively from Quicken, Buffett said in an interview. Vanderbilt’s primary business is funding mortgages for Clayton Homes, the largest U.S. maker of mobile and manufactured homes, which is also owned by Berkshire.

find themselves locked into ruinous high-interest loans and rapidly. by its second-richest man – Warren. Buffett. Buffett's mobile-home empire promises. agents urging them to cut back on food. business relationship” with Clayton. Homes.

Pace of new-home sales suggests steady housing strength

Warren Buffett, left, with Kevin Clayton, CEO of Clayton Homes, in front of one of the company’s mobile homes. Clayton has expanded its minority customer base – 31% of its loans went to minorities last year, up from 22% in 2008 – with the help of meticulous demographic analysis and targeted sales promotions.

Lender with ties to Warren Buffett backs a loan for manufactured homes. Silverton Mortgage, an affiliate of billionaire Warren Buffett’s Berkshire Hathaway, has joined a small but growing group of lenders in. Read More

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Lender with ties to Warren Buffett backs a loan for manufactured homes FHA Loan Articles ContentsQuarter. clayton homesmanufactured homes. mortgagehome equity loansInterest rate loansFirst, subprime loans and mortgage backed. for the quarter. clayton homes is a manufactured housing company.

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NEW YORK (Fortune) — Warren Buffett is no critic. in its financing business, even as manufactured home sales slipped 5%. Last year, Clayton’s home sale revenue dropped, but its interest income on.

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