May
15

New York Lenders Subpoenaed Over Seller-Financed Mortgage Alternatives

By

Financial regulators in New York are scrutinizing a revival in seller-financed deals for marketing inexpensive homes to lower-income people who cannot get a mortgage.

The New York State Department of Financial Services on Friday subpoenaed four investment firms that either are involved with seller-financed deals or provide financing for such deals, said a person with direct knowledge of the matter but spoke on the condition of anonymity because the investigation is preliminary…

New York Lenders Subpoenaed Over Seller-Financed Mortgage Alternatives

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.