As Jay Fitzgerald of the Boston Herald reports: Companies may drop home loans
The mortgage industry does not like the new mortgage regulations proposed by the Attorney General. As I posted on this summer, these new predatory lending regulations under 93A are well intentioned but vaguely drafted: (15) Lender Must Believe the Borrower Can Repay, (16) No Documentation Loans, (17) Loans Not in the Borrower's Interest, (18) Prohibiting Discrimination.
As a result, the Attorney General announced that the regulations will not implemented this week. The new date is January 2.