Lawmakers look to simplify mortgages

Lawmakers look to simplify mortgages

There are 1 comment on the Chicago Tribune story from Aug 2, 2009, titled Lawmakers look to simplify mortgages. In it, Chicago Tribune reports that:

Few borrowers read every line of the avalanche of paperwork that comes with a mortgage, and even the most well-intentioned might have difficulty understanding all costs associated with their loan -- and how it compares with what other lenders are offering.

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New York, NY

#1 Aug 4, 2009
The FCPA seems consumer friendly, but there are serious legal concerns here (not to mention the suppression of financial innovation). I am a supporter of the Obama Administration, and would like to see him and his initiatives succeed, but I question the alacrity of a lay bureaucrat to design financial products. There are also legal issues of the dearth of administrative law being created here ...

I have written a post on this other side of the FCPA at,

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