A Senator Calls for Mortgage Loan Disclosure

As the mortgage scandal rocks on there is at least one call for clarity in disclosure. Let's hope that it passes and let's hope that it goes far enough. The only way to truly know if mortgage lenders are giving preferential treatment is to see the size of the loan relative to market value along with points paid and interest rates (along with average market rate for similar loans at the time of loan initiation). It is a scrutiny that few of us would desire of our personal lives but it is a price of public office.