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As part of the agreement with the DOJ and the CFPB, Trident will have to set aside $20 million to make loans in underserved neighborhoods. Trident Mortgage Co., a division of Berkshire’s HomeServices of America, deliberately avoided writing mortgages in minority-majority neighborhoods in West Philadelphia like Malcolm X Park Camden, New Jersey and in Wilmington, Delaware, the DOJ and the Consumer Financial Protection Bureau said in their settlement with Trident. A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday, July 27, 2022, in what they are calling the second-largest redlining settlement in history.Ī Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s Berkshire Hathaway discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday, in what is being called the second-largest redlining settlement in history.

Now, it’s time to find better ways to interact with you and ensure we meet your high standards of what a credible media organization should be.įILE - A 'for sale' sign stands in front of a house in Pennsylvania, near Philadelphia, on June 8, 2018.

The days of journalism’s one-way street of simply producing stories for the public have long been over.

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