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Berkshire Hathaway-Owned Mortgage Lender Settles Redlining Allegations

The Justice Department said Wednesday that a mortgage company owned by Berkshire Hathaway would pay $24.4 million to resolve allegations of lending discrimination against minority residents of neighborhoods in the Philadelphia metropolitan area.

The department is calling this its second-largest settlement related to “redlining,” alleging that Trident Mortgage Co. avoided providing home loans and mortgage services to residents of neighborhoods in Philadelphia, Camden, N.J., and Wilmington, Del., that are populated mostly by minorities.