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For Immediate Release

March 2015
Contact: Joseph Yanis 1-718-596-0100

** Media Advisory **
Monday, April 27th, 2015
Assemblyman Walter T. Mosley appointment to Chairman of the New York
State Assembly Sub-committee on Regulated Mortgage Lenders
I am humbled and honored to be tasked with chairing the New York State Assembly subcommittee on Regulated Mortgage Lenders. I promise to work tirelessly with my fellow
committee members to hold hearings, issue advisory reports, and hold this branch of the financial
sector accountable to the people of New York.
Since the mortgage crisis of 2007-2008 which led to skyrocketing foreclosure rates for residents
of New York, this sub-committee has been charged with the important task of monitoring
certified mortgage lenders who operate in this state. We must learn from the pass lending
practices that led to hyper inflated housing market and had ultimately devastating effect on the
working class families who were robbed of the American dream of home ownership.
I stand committed to strengthening regulations on banks and prevent the practice of predatory
equity lending so that average New Yorkers can safety save their money and purchase a home to
raise their families in.

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