How the Mortgage Process Just Changed

CNN Money, Oct. 5, 2015–Vasel, Kathryn

New disclosure rules went into effect in the mortgage world Saturday that require lenders to provide home buyers two new forms that clearly detail their loan terms. “For consumers, it’s going to be viewed as an improvement in what can be a somewhat scary and intimidating process in the biggest investment of their life,” said David Stevens, president and CEO of the Mortgage Bankers Association.