Kristen Clarke, at podium, assistant attorney general for the U.S. Justice Department’s Civil Rights Division, is joined with, from left, New Jersey First Assistant Attorney General Lyndsay Ruotolo, Pennsylvania state Sen. Vincent Hughes, Pennsylvania Attorney General Josh Shapiro, Rohit Chopra, CFPB Director, Delaware Attorney General Kathy Jennings and Jacqueline C. Romero, U.S. attorney for the Eastern District of Pennsylvania during a press conference at Malcolm X Park on July 27 in West Philadelphia, Pa. Trident Mortgage Co., a division of Warren Buffett’s Berkshire’s HomeServices of America, discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday, in what they are calling the second largest redlining settlement in history.
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DOJ: Buffett company discriminated against Black homebuyers
A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s company 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. Trident Mortgage Co., a division of Berkshire Hathaway’s HomeServices of America, deliberately avoided writing mortgages in minority-majority neighborhoods in West Philadelphia such as Malcolm X Park; Camden, N.J.; and in Wilmington, Del., the Justice Department and the Consumer Financial Protection Bureau said in their settlement with Trident.
