Mortgage lending

Trident Mortgage

Trident Mortgage Company was a Philadelphia-area mortgage lender affiliated with Berkshire Hathaway HomeServices Fox & Roach.

The quick read Reason for concern Reviewed Aug 24, 2026

The quick snapshot

Public concern on the record.

These are summaries, not scores. Open every receipt before deciding.

Public concern

Why people pushed back

DOJ and CFPB alleged Trident avoided mortgage lending in majority-minority Philadelphia-area neighborhoods from 2015–2019 and that employees used racial slurs and “ghetto” language in work email. Consent order: at least \$18.4M loan subsidies, about \$2M outreach/education/partnerships, and a \$4M civil penalty.

~$24.4M package
July 2022: DOJ/CFPB redlining consent orderDOJ announced a complaint and proposed consent order alleging Trident Mortgage, owned by Berkshire Hathaway, redlined neighborhoods of color in the Philadelphia metro from 2015–2019 and that staff emailed racial slurs and called communities “ghetto.” Relief included at least \$18.4 million in loan subsidies, \$750,000 community partnerships, \$875,000 advertising/outreach, \$375,000 consumer education, and a \$4 million civil penalty.Source: U.S. Department of Justice ↗
Settlement (Reuters)
Reuters: second-tier historic redlining deal under Buffett ownershipReuters reported the roughly \$24.4 million settlement resolved charges Trident intentionally discriminated against Black and Hispanic families in the Philadelphia area by avoiding majority-minority neighborhoods. Berkshire ownership is factual context for who owned the lender.Source: Reuters ↗

Aug 24, 2026 · The Cookout Editorial Desk

Buffett-owned Trident paid tens of millions over Philadelphia redlining claims

BLUF

In 2022 DOJ and CFPB settled redlining claims against Berkshire-owned Trident Mortgage for about \$24.4 million, including an \$18.4 million loan subsidy fund for neighborhoods of color.

What happened

From 2015 to 2019, federal agencies alleged, Trident Mortgage avoided writing loans in majority-minority Philadelphia-area neighborhoods and discouraged applicants there—while staff email included racial slurs and “ghetto” talk. On July 27, 2022, DOJ and CFPB filed a consent order requiring at least $18.4 million in loan subsidies for neighborhoods of color, additional outreach and education money, and a $4 million penalty. Reuters pegged the package near $24.4 million. Trident denied the allegations except as needed for jurisdiction.

The Cookout read

Concern. Redlining with slur-filled inboxes is not a paperwork glitch. A nine-figure-adjacent subsidy fund is how DOJ priced the harm—not a jury speech.

Open the primary source ↗

Now / update

Where the record stands.

Last reviewed Aug 24, 2026. This is present-day status, not a new verdict.

Dated items opened here are the sourced Black-specific receipts in this file.

Last reviewed August 24, 2026.

Source file

Open the full passages.

Links may change after publication. Dates describe the event or publication listed in the record.

01
U.S. Department of Justice
July 2022: DOJ/CFPB redlining consent order · Jul 27, 2022
Read source ↗
02
Reuters
Reuters: second-tier historic redlining deal under Buffett ownership · Jul 27, 2022
Read source ↗

Community temperature check

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