Berkshire’s Trident Mortgage to pay more than $20 million on redlining claims
Berkshire’s Trident Mortgage to pay more than $20 million on redlining claims
By Alex Nguyen and Amelia Pollard | Bloomberg
Trident Mortgage Co., owned by Warren Buffett’s Berkshire Hathaway, will pay more than $20 million over allegations that it discriminated against borrowers in the Philadelphia area in the US Justice Department’s first redlining resolution involving a nonbank lender.
As part of the resolution, Trident will have to contribute $18.4 million to a new…