An Inside Look at Berkshire Hathaway's Mortgage Businesses
Berkshire Hathaway, the conglomerate led by renowned investor Warren Buffett, has its hands in many different business sectors, from insurance to railroads to utilities. One area that may fly under the radar is Berkshire's presence in the mortgage industry. Through several subsidiaries, Berkshire Hathaway mortgage lending and servicing businesses generate billions in revenue each year. In this article, we'll take a closer look at Berkshire's mortgage operations and how they fit into the company's broad investment strategy. Berkshire's Mortgage Lending Businesses One of Berkshire's main mortgage subsidiaries is HomeServices of America, which is the second largest residential real estate brokerage firm in the United States. HomeServices has over 45,000 real estate agents and operates under different brand names like Edina Realty and Long & Foster. An important part of HomeServices' business model is mortgage lending. It operates Pros