Mr. Cummings said Vision’s “limited document production to date has heightened concerns about the potential<br />harm Vision may be inflicting on families in Maryland and throughout the United States.”<br />Valerie L. Hletko, a lawyer for Vision, said ”the letter’s escalated rhetoric does nothing to assist Americans<br />without access to traditional mortgage loans to achieve homeownership, which Vision works to do every day.”<br />Of particular concern, Mr. Cummings said, is whether the houses Vision offers have chipping or peeling lead paint.<br />On Thursday, Representative Elijah E. Cummings, Democrat of Maryland, who sits on the House Committee on Oversight<br />and Government, wrote to the director of the Federal Housing Finance Agency, urging the regulator to stop Fannie Mae and Freddie Mac, the big government-controlled mortgage finance companies, from selling foreclosed homes to these firms.<br />Ms. Hletko, said in a statement, that Mr. Cummings’ letter “exploits an isolated case to make sweeping<br />and irresponsible allegations against a private company.”<br />Like many of its homes, Vision spent no money to renovate Ms. Bennett’s home or to fix lead paint problems there.<br />Housing Regulator Is Pushed to Crack Down on Sales of Foreclosed Properties -<br />By ALEXANDRA STEVENSON and MATTHEW GOLDSTEINMAY 11, 2017<br />Lawmakers are pressing the nation’s housing regulator over the sale of thousands of foreclosed houses to investment firms<br />that have pitched the promise of homeownership to people unable to get a traditional mortgage.
