The new standard mortgage disclosure formfor borrowers will be tested starting next month, according to a report in the Wall St. Journal.

The Consumer Financial Protection Bureau (CFPB) created under the Dodd-Frank Act will oversee the implementation of the new document, which will streamline the documentation process for homeowners.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.