The Justice Department said Wednesday that a mortgage company owned by Berkshire Hathaway will pay $24.4 million to settle allegations of discriminatory lending against minority residents of neighborhoods in the Philadelphia metropolitan area.
The ministry is calling this its second largest settlement regarding the “red border”, Alleged that Trident Mortgage Co. has avoided providing home loans and mortgage services to residents of the neighborhoods of Philadelphia, Camden, NJ, and Wilmington, Del., where most are in the minority.
