- DOJ reaches largest-ever federal government settlement over auto loan discrimination
- U.S. Navy to start giving gay couples marriage benefits in Japan
- Sen. Harry Reid goes to hospital as a precaution
- Fla.’s Trey Radel exits rehab, ‘excited’ to resume congressional role
- U.S. nuclear general boozed it up, chased ‘hot women’ in Russia: report
- 45 Calif. students at one school test positive for tuberculosis exposure
- Rob Ford on women: Give them cash ‘and they are happy’
- Ku Klux Klan group holds recruitment meeting in Maryland
- Airport assassination: Mayor, 3 others killed at Manila airport
- Tea party-type lawmakers take mysterious, off-books trip to Mideast
By John McAfee
Independent voices from the The Washington Times Communities
Topic - Faith Estimate
I read a short article in the newspaper last week about the Consumer Financial Protection Bureau's desire to make mortgage disclosures easier to understand.
Among the byproducts resulting from the mortgage meltdown and subsequent credit crunch is a newly designed Good Faith Estimate (GFE) to be presented at the time of loan application. The new form is unarguably far worse than its predecessor in terms of clarity, accuracy and ease of understanding.