| Aug 1, 2012 9:30AM Ever wonder why it takes the government so many words to say...maybe not so much? So did a visitor to the Consumer Financial Protection Bureau's (CFBP) blog . The blog features someone (something?) called The Explainer who answers consumer questions and this time the question was about the process of devising new and supposedly simpler mortgage disclosures. The visitor, using the name "Interested" referenced a recent notice of proposed rulemaking published by CFBP regarding the disclosures. The notice... Aug 1, 2012 3:45PM Mortgage Rates moved higher today after the Fed released a largely unchanged monetary policy statement. Some market participants were hoping that today's FOMC Announcement would include verbiage specifically targeted toward the Mortgage-Backed-Securities (MBS) which most directly influence mortgage rates. Not only did MBS not get that promise of extra Fed support, but interest rates in general were also somewhat disheartened that the Fed chose to leave their target time frame for low interest rates...
 | 
