Tag Archives: redlining

Sophie Nieto-Munoz, New Jersey Monitor A Pennsylvania mortgage company owned by billionaire Warren Buffett deliberately discriminated against Black and Latino homebuyers in New Jersey, Pennsylvania, and Delaware, federal officials said Wednesday while announcing a $20 million settlement with the firm. A U.S. Department of Justice investigation found Trident Mortgage Company, one of …

The Justice Department has announced the launch of a new initiative to combat redlining. Redlining is an illegal practice in which lenders avoid providing services to individuals living in communities of color because of the race or national origin of the people who live in those communities. The new Initiative represents …