The Presidential Administration of the USA intends to facilitate for citizens process of official registration of papers at giving of requests for reception of mortgage loans, reports Associated Press.
The adviser of the president of Elizabeth Uorren and the head of the Ministry of Finance of the USA Timoti Gejtner, acting the day before at ministry session, have declared that intend to simplify the commitment form on mortgage reception. «It is one of concrete steps which we undertake within the limits of realization of the program of financial reforms», — has underlined Gejtner.
Now in the USA there are two questionnaires of the borrower duplicating each other: one from the Ministry of housing construction and city development, another — from the Federal Reserve System. Attempts of unification of requests were undertaken by the country authorities within a decade, but borrowers still should fill two questionnaires.
Warren has noticed that simplification of process of document feeding «will help the American families to choose the best offers». During the present time, as she said, «the small print prevents to calculate cost of a mortgage and complicates selection process of credit products».
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