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CFPB Releases Their Redesigned Mortgage Forms

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one of CFPB's proposed form one of CFPB's proposed forms

Find loan forms confusing? Wish there was a team out there that was working to make them easier for you? Well, you're in luck! The Consumer Financial Protection Bureau has set out to redesign mortgage disclosure forms, making them easier for citizens to understand the loans they're accepting when purchasing a home. The CFPB team should be commended for making their design process transparent and involving the public as much as possible. The more importance that is placed on design, the more informed citizens will be — hopefully this will lead to a stronger mortgage lending system.

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