The following is the most recent summary information available currently from the Consumer Financial Protection Bureau (CFPB) on HMDA data for Vanderbilt Mortgage and Finance (VMF) loans on HUD Code manufactured homes.
VMF is the ‘captive’ lender for vertically integrated Clayton Homes-owned retail centers.
Metro Knoxville, TN based Clayton Homes and VMF, as thousands of manufactured housing industry professionals know, are wholly owned subsidiaries of Omaha, NE based Berkshire Hathaway.
A companion report to this will be published tomorrow which reveals 21st Mortgage Corporation HMDA data for the same time frame. As a point of reference, last year (2018) Clayton claimed that their 2017 market share was as follows.
The comparisons between 21st and VMF should be noteworthy.
That’s this Monday night final
