New York Mortgage

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NYDFS investigating whether rent-to-own is actually predatory lending

Apr 16, 2018By

The New York Department of Financial Services revealed Monday that it is currently investigating whether alternative home purchase agreements, such as rent-to-own, lease-to-own or land installment contracts, currently being offered in New York are actually “unlicensed, predatory mortgage lending.”

3d rendering of a row of luxury townhouses along a street

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