Proposed Rules To Protect Borrowers

This should be interesting. Here is what they are proposing for mortgages:

A one-page Q&A document explaining risky features of a loan
Streamlined early cost disclosures
A revised annual interest rate that includes most fees and costs
A graph showing borrowers how their rate compares with rates of borrowers with excellent credit
In addition, side payments for steering borrowers to higher-cost or riskier loans would be banned.

A one-page document explaining the risks of the loan
Cost disclosures specific to their loan
In addition, lenders would have to notify borrowers 45 days before changing terms of