Clayton Homes under federal investigation

KNOXVILLE, Tenn. — Clayton Homes, now owned by a company headed by Warren Buffett, is under federal investigation for discriminatory lending practices, Knox News reported.

Ironically, the investigation was apparently originated by a D.C. crew with a few interesting issues of their own.

In January 2016, Democratic U.S. Rep. Maxine Waters of California and three Democratic congressmen wrote to former Attorney General Loretta Lynch and Richard Cordray, former director of the Consumer Financial Protection Bureau, to “raise our concerns” about loan practices at Clayton Homes and subsidiaries Vanderbilt Mortgage and 21st Mortgage.

The full story can be found at Knox News.

Greg Gerber

Greg Gerber

A journalist who has covered the recreation vehicle industry since January 2000, Greg Gerber founded RV Daily Report on April Fool's Day in 2009. He also serves as the editor of the publication and website. As an Eagle Scout, he has enjoyed camping for decades and has visited every state except Hawaii. A DODO -- Dad of Daughters Only -- to three young women, he has two grandchildren as well. He currently splits his time between Wisconsin, Texas and Arizona. Greg can be reached at editor@rvdailyreport.com.

Leave a Comment

  • Captn John says:

    Waters is a millionaire that never had a job. She has 3 homes, none in the poverty district she represents. She has the IQ of a box of rocks. Anything she is involved in is suspect of being racist and/or corrupt.

  • Mark says:

    A snake bite at its finest! Let’s see how long Warren Buffet supports the Democrats now!

  • Margaret says:

    would like to get in the class action lawsuit please contact me at taborhb@hotmail.com my home we have had nothing but problems I purchased my home in oct 13 2016 Breeze II paid a big down payment to .also like to class action lawsuit. We have to do something this home is falling aport.carpet was nasty floors popping when you walk across them master bathtub lines busted would never fix anything they waited till the warranty ran out .home made very cheap with plastic faucetes i could go on and on this home is not worth the money .will never buy another home like this again I wont out of this home

  • Anonymous says:

    Looking for a reputable attorney in improper installation case ( NO PERIMETER PEERING AS REQUIRED PER DATA PLATE). Kentucky.

  • Get Daily News Delivered

    Get Weekly News Delivered

    Multi-stage battery
    charging with IOTA IQ4
    Smart Controller

    Recent Posts

    Get Daily RV News Delivered

    Every day we send a summary of the most important news via email. Make sure you don’t miss anything.