Ever Wonder Why The Mortgage Process Gets More Complicated?

July 18th, 2012

I know it is difficult to understand why the mortgage process gets more complicated. And I know its curious why the number of loan disclosures you have to sign just keeps growing. When I started in the mortgage business in 1986 I bet there were only 12-15 pages of loan disclosures. That ballooned to around 30-35 pages up until 2008. Then the financial world seemed to implode in 2008, and the Feds took over Fannie Mae and Freddie Mac, and the number of disclosures you get now must be over 50. And now we have the Consumer Financial Protection Bureau’s latest action. Get ready for more disclosures, and more cost, and more complication. Read the rest of this entry »

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