(Reuters) - A former banker turned scholar says such a document is
vital for homebuyers who too often cross their fingers and hope
for the best as they sign novella-length contracts at closing.
"At a certain point, adding more and more detail means
there is less and less information communicated," Alex Pollock,
the father of the one-page disclosure idea told a panel Friday
discussing mortgage disclosure. "If you keep adding detail,
eventually the information you communicate becomes zero."
Read more at Reuters.com Government Filings News
vital for homebuyers who too often cross their fingers and hope
for the best as they sign novella-length contracts at closing.
"At a certain point, adding more and more detail means
there is less and less information communicated," Alex Pollock,
the father of the one-page disclosure idea told a panel Friday
discussing mortgage disclosure. "If you keep adding detail,
eventually the information you communicate becomes zero."
Read more at Reuters.com Government Filings News
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