TOOLKIT: Learn A New Bill of Rights

New rules protect homeowners from the industry's past mistakes.

Both President Obama and the Department of Housing and Urban Development have referred to a "Homeowner Bill of Rights" -- but what does that mean? Here are the basics:

Definition: The homeowner bill of rights is a single, transparent set of strong federal standards that provides support for homeowners and lenders that puts everyone on equal footing.

The eventual set of rules will be driven by these core principles:

1. Simple, easy to understand mortgage paperwork, including a simple mortgage disclosure form that will be used in all home loans. This simple form will repl......