Items Tagged with 'New York Attorney General Letitia James'

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  • New York sues rent-to-own operator Vision Property Management for predatory lending

    Claims company operated “illegal, unlicensed mortgage-lending business”
    The New York Department of Financial Services and New York Attorney General Letitia James announced recently that the state is suing Vision Property Management, one of the nation’s largest operators of rent-to-own homes, and the company’s CEO, Alex Szkaradek, for allegedly operating an “illegal, unlicensed mortgage-lending business profiting from predatory subprime home loans at the expense of some of the most vulnerable New Yorkers.”
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  • NY attorney general opposes Ditech sale, announces investigation into reverse mortgage business

    Files brief with court claiming unlawful abuse of homeowners’ rights
    As the battle over Ditech's bankruptcy and subsequent sale of its mortgage channels rages on, New York’s top legal officer is weighing in. Attorney General Letitia James filed a brief in court this week expressing her objection to Ditech’s bankruptcy plan on the grounds that it fails to protect borrowers in foreclosure. "Ditech's action is an illegal attempt to strip hundreds of homeowners of their legitimate claims," James said.
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