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to post a message: login - or - register | search messages | show all replies



[+] Need A Cheap Title Search Done Quietly? Give Us A Trial! - Jack Johanson/PA (10 replies)
9/23/2010 2:12:41 PM (7885 views)

[+] Ally Bank mortgage foreclosure moratorium - Leigh Attridge/MA (2 replies)
9/22/2010 5:55:14 PM (7100 views)

[+] Boston National Settlement Serivces - Matthew DeLand/NY (3 replies)
9/22/2010 5:35:36 PM (3845 views)

[-] Comment on "Elizabeth Warren Takes on Simplifying Mortgage Documents" - Source of Title/OH (17 replies)
9/22/2010 1:52:58 PM (3510 views)
I wonder how that will play out... - Amy Jensen/OR
9/22/2010 1:52:58 PM (3265 views)

"This is particularly true in the mortgage market, where borrowers receive stacks of incomprehensible paperwork when they're looking for a loan," she said. "Fine print obscures the cost of credit and makes it impossible for families to compare products."

Yes and no. I only read this review, so I haven't researched the matter fully and possibly the below was covered by the proposal... Doubt it.

They aren't solving the problem (as usual), the common American isn't educated enough to make it through the paperwork. Maybe one should take the time and energy to really understand it, especially if they are spending hundreds of thousands of dollars... that they do not have. I mean, you are making one of the largest purchases of your life.

Instead of having LESS disclosure, you could have a glossary. Assigining different importances would help; "If you don't do this, you will lose money", "If you don't do this, you could lose your house". Less disclosure and less data, is pretty much the opposite of what they are trying to accomplish.

Maybe simplify the actual wording, less Latin, more English. If this causes it to be more pages, than at least it will be readable. Julia also noted, bigger font would be helpful.

It is obvious that this is geared towards helping avoid predatory lending, but if it is truncated to be "easier" than it will most likely encourage laziness which will lead to future predatory lending.

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Re: I wonder how that will play out... - Robert Franco/OH
9/22/2010 3:09:15 PM (3254 views)
Re: I wonder how that will play out... - Amy Jensen/OR
9/22/2010 4:56:26 PM (3253 views)
Re: I wonder how that will play out... - Robert Franco/OH
9/22/2010 5:04:00 PM (3179 views)
Re: I wonder how that will play out... - Scott Perry/PA
9/22/2010 5:44:19 PM (3283 views)
Re: I wonder how that will play out... - Robert Franco/OH
9/22/2010 6:29:24 PM (3173 views)
Re: I wonder how that will play out... - Scott Perry/PA
9/23/2010 10:03:53 AM (5840 views)
Re: I wonder how that will play out... - Slade Smith/OH
9/23/2010 1:46:33 PM (3334 views)
Re: I wonder how that will play out... - Scott Perry/PA
9/23/2010 3:22:27 PM (3255 views)
Re: I wonder how that will play out... - Jessica Talley/NJ
9/22/2010 7:05:33 PM (3134 views)
Re: I wonder how that will play out... - Slade Smith/OH
9/23/2010 2:02:53 AM (3186 views)
Re: I wonder how that will play out... - Renee Kovacs/MI
9/23/2010 5:40:10 AM (3195 views)
Time for signing... - Amy Jensen/OR
9/23/2010 1:33:38 PM (3054 views)
Re: I wonder how that will play out... - CHARLENE  PERRY/MD
9/23/2010 3:05:45 PM (3229 views)
Re: I wonder how that will play out... - Jessica Talley/NJ
9/24/2010 6:04:41 AM (3187 views)
Re: I wonder how that will play out... - William Pattison /CA
9/23/2010 11:37:05 AM (3146 views)
Re: I wonder how that will play out... - Leigh Attridge/MA
9/23/2010 1:09:50 PM (3138 views)

National Bank Operating Subsidiary List - Leigh Attridge/MA
9/22/2010 8:29:48 AM (4596 views)




[+] Comment on ""Abstractor" Gets Drilled By Cops Over Fake Gas Rights" - Source of Title/OH (5 replies)
9/20/2010 7:01:09 PM (3405 views)

[+] Lefty blogs pick up on title issues - Slade Smith/OH (1 reply)
9/20/2010 5:54:30 PM (4948 views)

[+] Global Data Source - Stacey Duque/GA (8 replies)
9/20/2010 4:36:39 PM (3740 views)

[+] Comment on "Undisclosed Code Violation Notices Leave Homebuyers Holding the Bag" - Source of Title/OH (13 replies)
9/20/2010 2:03:35 PM (3261 views)

[+] Another Case of a Bank Foreclosing in Error - Slade Smith/OH (1 reply)
9/17/2010 2:16:24 PM (4870 views)

[+] Fidelity National Agency Solutions, Plano TX - HOPE DEZERN/SC (9 replies)
9/17/2010 1:57:01 PM (9941 views)

Terry Abstract Company - Tina  Latting/MO
9/16/2010 4:39:27 PM (3102 views)

[+] NALTEA conference in Dallas - Jill Kissell/IA (6 replies)
9/15/2010 9:05:38 PM (3448 views)

[+] Taking under the RICO statute - Leigh Attridge/MA (7 replies)
9/15/2010 10:29:32 AM (3747 views)

[+] Neighborhood feud in Marblehead - Leigh Attridge/MA (2 replies)
9/15/2010 8:50:57 AM (5246 views)


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