The new Consumer Financial Protection Bureau is redesigning mortgage disclosures to consolidate them and make the information easier to understand. Last month the Bureau floated two trial samples, asking for feedback. The new agency received nearly 13,400 responses.
Now comes Round 2. The agency took comments under advisement and now wants to know what you think of the revisions.
Specifically, the CFPB asks:
-- Would this form help consumers understand the closing costs associated with their loans?
-- Could lenders and brokers clearly and easily explain the form to their customers?
-- What would you like to see improved on the form? Is there some way to make things a little bit clearer?