CFPB Devises New Simple Forms For Mortgages That Won't Boggle Your Eyeballs

CFPB Devises New Simple Forms For Mortgages That Won't Boggle Your Eyeballs

If mortgage disclosure forms actually told homeowners exactly what they were getting into, in the simplest of terms, perhaps everyone could catch a break — from the lenders to the often confused consumers who have to deal with the current system and its four complicated documents from two separate government agencies. The Consumer Financial Protection Bureau is on the march once again, and this time its director Richard Cordray is proposing one simple mortgage disclosure form. [More]