Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Berkshire Hathaway's Clayton Homes defends its loan practices involving minorities


A story by the Seattle Times and BuzzFeed News alleges that Berkshire Hathaway Inc.’s Clayton Homes Corp. charges racial minorities higher interest rates than whites for mortgages on mobile homes.

Clayton, based in Maryville, Tennessee, issued a statement denying the allegations, saying that the story used flawed data and that its mortgage divisions follow equal-lending practices and regulations.

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Omaha-based Berkshire, headed by Chairman and Chief Executive Warren Buffett, acquired Clayton in 2003.


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