Mortgage Transparency On The Way

This should be a good thing but we will see what the final results are. The one good item I read is less paperwork.  You mean a closing won’t take over an hour anymore?  Great!!!

“Requiring transparency. Consumers would receive a simple, integrated federal mortgage disclosure that is “reasonable, clearly written and concise,” and be adequately presented with the risks and benefits of a mortgage product.”

http://www.marketwatch.com/story/how-washington-wants-to-remake-mortgage-shopping?siteid=rss