'Know before you owe' mortgage rules may ease homebuyers

Name: 'Know before you owe' mortgage rules may ease homebuyers
Uploaded: 2015-10-04T15:39:43Z
Duration: P239S
Description: New rules for home mortgages, designed to make lenders more transparent to borrowers, took effect Saturday. The so-called "know before you owe" rules are meant to protect home buyers from surprises at their closing. Wall Street Journal Reporter Joe Light joins Hari Sreenivasan to discuss.

Clip: Season 2015 | 3m 59s

New rules for home mortgages, designed to make lenders more transparent to borrowers, took effect Saturday. The so-called "know before you owe" rules are meant to protect home buyers from surprises at their closing. Wall Street Journal Reporter Joe Light joins Hari Sreenivasan to discuss.

Aired: 10/02/15

Rating: NR

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Major corporate funding for the PBS NewsHour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and American Cruise Lines. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.

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'Know before you owe' mortgage rules may ease homebuyers

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