Divya Rao

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Divya Rao is a former legal fellow at the California Reinvestment Coalition and the author of a forthcoming report on Responsible Banking Ordinances in California. She is a graduate of Cornell Law School.

REO to Rental: Wall Street’s Latest Idea Hurts California Communities

Over the last few years, communities have witnessed the latest iteration of Wall Street predation—the purchase in bulk of distressed single-family mortgages and foreclosed homes (REOs) with the intent to rent them—so called REO to Rental.