Revisiting Home loan Disclosures According to the Consumer Financial Coverage Agency
High standard and you may foreclosures prices from the housing market features resulted during the issues about if or not individuals were fully told towards terms of its mortgage loans. A lack of transparency regarding financing terms and conditions and payment will set you back causes it to be problematic for users and work out really-informed conclusion when selecting financial facts. Simultaneously, inadequate disclosures tends to make certain individuals more vulnerable to help you predatory credit otherwise discriminatory techniques.