Warren Buffett’s mortgage companies set up to cater to white clients [revealnews.org]

Alicia Doktor 5/7/1812:00 PM

Trident Mortgage Co. helps more families buy homes in Philadelphia and neighboring Camden, New Jersey, than any other company, but it primarily serves one demographic: white people.

That is no coincidence: Trident employs a nearly all-white team of mortgage consultants, and all of Trident’s offices are in white neighborhoods, where it makes the overwhelming majority of its loans to white homebuyers.

It’s a division of Berkshire Hathaway Inc., the giant holding company led by Warren Buffett, which has dramatically expanded its mortgage brokerage portfolio in recent years, reporting nearly 28,000 loans worth $7.3 billion last year.

[For more on this story by Aaron Glantz and Emmanuel Martinez, go to https://www.revealnews.org/art...er-to-white-clients/]

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