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