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

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

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Lender with ties to Warren Buffett backs a loan for manufactured homes April 27, 2019 Family Silverton Mortgage , an affiliate of billionaire Warren Buffett ‘s Berkshire Hathaway, has joined a small but growing group of lenders in offering a newer form of government-sponsored enterprise financing for manufactured homes.

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

like Warren Buffett today, her actions and decisions could single-handedly influence the market. When British Prime Minister Robert Walpole needed money to fund the government, it was Sarah Churchill.

Lender with ties to Warren Buffett backs a loan for manufactured homes Silverton Mortgage, an affiliate of Warren Buffett’s Berkshire Hathaway, has joined a small but growing group of lenders in offering a newer form of government-sponsored enterprise financing for manufactured homes.

Clayton Homes, owned by Warren Buffett’s Berkshire Hathaway. housed in a Clayton-built manufactured home. Guided into costly loans Soon after Buffett bought Clayton Homes, he declared a new dawn. Buffett concedes default rate on mobile-home loans could be much higher. loans and rapidly depreciating homes. How a Warren Buffett empire preys on. won’t be able to pay back and lose.

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While others walked away from manufactured. homes, shipments of which have been on the rise since 2009. Consolidation among producers and the exodus of lenders have left a just few businesses -.

A government watchdog group on Thursday asked the Consumer Financial Protection Bureau for information regarding any consumer complaints about lending practices at Clayton Homes Inc., a manufactured.

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You could get a personal loan to purchase or refinance a manufactured home. Approval times are fast and you might have an easier time getting approved for a personal loan rather than a mortgage.

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.

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