07/19/2012 08:41 am ET | Updated Sep 18, 2012

A Guide For The New Mortgage Form

THIS month the Consumer Financial Protection Bureau proposed new rules to clarify the terms of housing loans for millions of homeowners. This sounds like a minor improvement, but in fact it's a significant step toward preventing another subprime disaster.

During the housing bubble, countless borrowers took on mortgages they could not repay, often because they simply did not understand the pages and pages of small print that defined the loans' terms.

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