Sunday, 27 Jul 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > DOJ: Warren Buffett’s mortgage company redlined in Philly
World

DOJ: Warren Buffett’s mortgage company redlined in Philly

Enspirers | Editorial Board
Share
DOJ: Warren Buffett’s mortgage company redlined in Philly
SHARE

NEW YORK (AP) — A 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 they are calling the second-largest redlining settlement in history.

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. 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.

The DOJ alleged that employees of Trident, which stopped writing mortgages in 2020, made racist comments about making loans to Black homebuyers, calling certain neighborhoods “ghettos” and one manager of Trident was photographed posing in front of the Confederate Flag.

“Trident’s unlawful redlining activity denied communities of color equal access to residential mortgages, stripped them of the opportunity to build wealth, and devalued properties in their neighborhoods,” said Kristen Clarke, an assistant Attorney General of the Justice Department’s Civil Rights Division, in a prepared statement.

Trident also agreed to hire mortgage loan officers in impacted neighborhoods as well as pay a monetary fine of $4 million. Since Trident no longer operates, a separate company will be contracted to provide the $20 million in loan subsidies, the DOJ said.

HomeServices of America didn’t immediately reply to a request for comment.

Share This Article
Twitter Email Copy Link Print
Previous Article An Empathetic Account of the Complexity After Apartheid An Empathetic Account of the Complexity After Apartheid
Next Article Minister: Lebanon to build new silos to ease wheat crisis Minister: Lebanon to build new silos to ease wheat crisis

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Tim Walz’s Prolonged Household Reveals They’re Voting For Donald Trump

Democrats is likely to be shocked to be taught some members of Tim Walz's household…

By Enspirers | Editorial Board

Biden called gay marriage ‘inevitable’ and soon it’ll be law

WASHINGTON (AP) — A decade ago, then-Vice President Joe Biden shocked the political world and…

By Enspirers | Editorial Board

Katie Couric reveals she has breast cancer

Katie Couric has breast cancer.The veteran journalist, 65, shared her diagnosis on Wednesday in an…

By Enspirers | Editorial Board

US Senate approves resolution for Ukraine, warning Russia

WASHINGTON (AP) — The U.S. Senate voted overwhelmingly Thursday to show unwavering support for an…

By Enspirers | Editorial Board

You Might Also Like

Two Australians on board boat intercepted by Israel whereas attempting to move assist to Gaza, Dfat confirms
World

Two Australians on board boat intercepted by Israel whereas attempting to move assist to Gaza, Dfat confirms

By Enspirers | Editorial Board
Revealed: Debate opponent of Mehdi Hasan organized violent far-right protests
World

Revealed: Debate opponent of Mehdi Hasan organized violent far-right protests

By Enspirers | Editorial Board
Not less than 57 killed in Gaza in 24 hours as Israel withdraws from ceasefire talks
World

Not less than 57 killed in Gaza in 24 hours as Israel withdraws from ceasefire talks

By Enspirers | Editorial Board
Beware the blizzard of lies: US recommendation on the best way to deal with Farage’s Trump ways
World

Beware the blizzard of lies: US recommendation on the best way to deal with Farage’s Trump ways

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?