By Jennifer Yousfi Managing Editor After posting four consecutive quarterly losses, CIT Group Inc. (CIT) took a step in the right direction yesterday (Tuesday), announcing it struck $1.8 billion in separate deals with Lone Star Funds and a subsidiary of Warren Buffet’s Berkshire Hathaway Inc. (BRK.A, BRK.B). Dallas, Tex.-based Lone Star will acquire CIT’s home lending business, which has $9.3 billion in assets and related servicing operations, for $1.5 billion in cash and the assumption of $4.4 billion in outstanding debt, MarketWatch reported. In an unrelated deal, Vanderbilt Mortgage & Finance Inc. will pay $300 million for CIT’s prefabricated home loan portfolio. Vanderbilt is the wholly owned financial subsidiary of Clatyon Homes Inc., which was purchased by Berkshire Hathaway in August 2003. “These sales complete our exit from all home lending businesses, removing the uncertainty surrounding this asset class, ...