Divya Rao

1 Posts

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.

Housing Advocacy

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

July 29, 2015 | Divya Rao and Kevin Stein

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.