New Agency Plans to Make Over Mortgage Market
- NYTimes, July 5, by Edward Wyatt
Over the next six months, the Consumer Financial Protection Bureau, a newly formed regulator vilified by the right, intends to overhaul the home mortgage market as a first step toward improving its fairness and clarity.
The goal is to remake the process of getting a mortgage, making it easier for borrowers to understand the kind of loan they are getting and its cost.
Read the rest of the article here, but what great news if this can happen the way it's being discussed. Please don't hesitate to let us know what we can do to help you with this process.
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