In 2020, a handful of Massachusetts homeowners sued BlueHub Capital -- the only lender in the state who provides shared appreciation mortgages -- alleging predatory lending practices.
Today: We hear from two sides of the lawsuit, on the heels of a Superior Court judge ruling that found BlueHub did violate consumer protection and predatory lending laws.
First, Bruce Marks from Neighborhood Assistance Corporation of America, a housing group which supports the lawsuit, joins Jim and Margery in Studio 3 with two of the defendants, to discuss their claims of predatory lending and deception by the nonprofit.
Then, Elyse Cherry, BlueHub's CEO, tells us the judge's ruling is wrong. She joins with Rose Webster-Smith, director of Springfield No One Leaves -- a housing advocate herself who says she saved her own home from foreclosure with a BlueHub mortgage.
Boston Public Radio Podcast