You're raising a solid point there—I've seen plenty of tighter regs come and go, and honestly, fraudsters usually find new loopholes pretty fast. I'd love to see real numbers too, because extra paperwork doesn't always mean safer lending...
"extra paperwork doesn't always mean safer lending..."
Exactly my thoughts. I mean, sure, tighter rules sound good on paper (pun intended), but do they really stop the shady stuff? Last time I refinanced, the stack of docs was thicker than a diner menu, and honestly, half of it felt like pointless box-checking rather than actual protection. I'd genuinely be curious if anyone's ever measured how effective these changes are—because from where I'm sitting, complexity usually just means more confusion, not less fraud.
"complexity usually just means more confusion, not less fraud."
Couldn't agree more. When I bought my first house, the paperwork was pretty straightforward—manageable at least. Fast forward to last year when we refinanced, and it felt like signing a small novel. Did it make me feel safer? Not really. Honestly, the extra fine print just made me suspicious that something important might slip by unnoticed...which kinda defeats the whole purpose of tighter rules.
I had a similar experience when we refinanced a couple years ago. The sheer volume of documents was overwhelming and, honestly, felt unnecessarily complicated. I understand the intent behind stricter regulations is good, but in practice, it sometimes feels like it just creates more loopholes or confusion. Simpler language and clearer disclosures would probably do more to protect homeowners than piling on extra pages of fine print nobody reads anyway...
I get what you're saying about the paperwork overload, but honestly, from what I've seen, the extra docs aren't always pointless. Yeah, simpler language would help, but detailed disclosures can actually close loopholes rather than open them. I've had clients who caught important details buried in those extra pages—stuff they'd otherwise miss. Maybe the real issue isn't document length, but how clearly lenders explain the key points upfront...
