City & State Investments in Predatory Mortgage Servicer Exposed

NBC News interviewed MFJ Attorney Christopher Fasano as part of its report on how Lone Star, a hedge fund, has been buying FHA mortgages and then giving African-American homeowners in NYC predatory loan modifications that will likely result in homeowners losing their homes within five years. Fasano also encouraged NBC News to investigate city and state pension fund investments in Lone Star. Fasano had testified at City Council hearings in February, urging the city to divest from Lone Star. MFJ’s lawsuit against Lone Star and its divestment activities are part of its commitment to pursue impact litigation and campaigns that benefit communities of color.