Blackstone meeting request Puerto Rico mortgages 010218

The document is a formal request for a meeting with Blackstone executives to address the company's mortgage foreclosure practices in Puerto Rico, Florida, and East Texas, particularly following devastating hurricanes.

• Finance of America, a Blackstone portfolio company, is accused of contributing to a foreclosure crisis in Puerto Rico, where 146 active foreclosure suits were filed in federal court and 78 in Puerto Rican courts. Some of these cases were initiated shortly after Hurricane Maria.
• Blackstone affiliate Bayview Asset Management and its servicing arm, Bayview Loan Servicing, have engaged in significant foreclosure activity in Florida. In one specific HUD loan sale (Pool 119), Bayview purchased 905 mortgages at 39% of the unpaid principal balance; by January 2017, 48% of those mortgages had been foreclosed on and 22% resulted in short sales or deed transfers, while only 24% were modified.
• The authors request that Blackstone and its affiliates implement a one-year moratorium on foreclosures in hurricane-affected zones, including East Texas, Florida, and Puerto Rico, and adopt principles such as reducing loan principals based on the discount at which they were purchased and contributing half of foreclosed homes to community land trusts.

APA

Private Equity Stakeholder Project (2018). Blackstone meeting request Puerto Rico mortgages 010218. http://pestakeholder.org/wp-content/uploads/2018/01/Blackstone-meeting-request-Puerto-Rico-mortgages-010218.pdf

Chicago

Private Equity Stakeholder Project. Blackstone meeting request Puerto Rico mortgages 010218. 2018. http://pestakeholder.org/wp-content/uploads/2018/01/Blackstone-meeting-request-Puerto-Rico-mortgages-010218.pdf.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=Blackstone meeting request Puerto Rico mortgages 010218 |date=2 January 2018 |url=http://pestakeholder.org/wp-content/uploads/2018/01/Blackstone-meeting-request-Puerto-Rico-mortgages-010218.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2018blackstone, author = {{Private Equity Stakeholder Project}}, title = {{Blackstone meeting request Puerto Rico mortgages 010218}}, publisher = {Private Equity Stakeholder Project}, year = {2018}, month = jan, url = {http://pestakeholder.org/wp-content/uploads/2018/01/Blackstone-meeting-request-Puerto-Rico-mortgages-010218.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }