Mortgage Reform

Mortgage reform refers to changes in laws and regulations aimed at improving the mortgage lending process and protecting consumers. It seeks to enhance transparency, ensure fair lending practices, and reduce risky behavior by lenders that contributed to financial crises. Reforms may include stricter guidelines for loan approvals, better disclosure of terms and fees, and more support for borrowers at risk of foreclosure. Ultimately, mortgage reform aims to create a safer, more reliable housing market, making it easier for individuals to obtain mortgages while minimizing the risks of financial instability.