Buffett defends Clayton Homes after critics fault its lending

February 27, 2016 8:37 PM

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Buffett defends Clayton Homes after critics fault its lending

NEW YORK At last May's annual meeting of his Berkshire Hathaway Inc, Warren Buffett said he had "no apologies whatsoever" for the lending practices of the company's Clayton Homes mobile home unit, which had been accused in a published report of predatory lending.

"Kevin Clayton has again delivered an industry-leading performance," Buffett wrote on Saturday in his widely-read letter to Berkshire shareholders, referring to Clayton's chief executive.

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