Mortgage Law Raises ‘Floodgate’ Concerns for Campbell
A new state law effectively protects BlueHub Capital, a Roxbury nonprofit that was sued in 2020 over predatory lending allegations, from lawsuits over its “shared appreciation mortgage” products.
Healey Signs Law Protecting Nonprofit Lender from Consumer Lawsuit
Gov. Maura Healey’s decision to not veto legislation that shields a Boston non-bank lender being sued by its borrowers is being blasted by the lawyer in the case.
Mass. Legislators Shield Shared Appreciation Mortgage Lenders from Lawsuits
Language shielding lenders of an unusual type of mortgage from lawsuits got included in the state’s big economic development bill this week over the objections of the state’s biggest mortgage-lender trade group.
Lobbying Intensifies on BlueHub Mortgage Amendment
The six-member legislative conference committee trying to find common ground on a wide-ranging economic development bill is also facing heavy lobbying pressure on a narrow provision dealing with a product called a shared appreciation mortgage.
