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Justice Department: Buffett’s company discriminated against black home buyers | Business

NEW YORK (AP) — The Justice Department said Wednesday that a Pennsylvania mortgage company owned by billionaire Warren Buffett discriminated against potential black and Hispanic homebuyers in Philadelphia, New Jersey and Delaware in what is being called the second- the size of the retiring settlements. in history.

Trident Mortgage Co., a unit of Berkshire Hathaway’s HomeServices of America, deliberately avoided writing mortgages in majority-minority neighborhoods in West Philadelphia, such as Malcolm X Park; Camden, New Jersey; and in Wilmington, Delaware, the Department of Justice and the Consumer Financial Protection Bureau said in their agreement with Trident.

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