Obama's plan calls for "plain vanilla" mortgages

Obama's plan calls for "plain vanilla" mortgages

President Barack Obama's plan for overhauling the financial regulatory system would result in "plain vanilla" home loans for consumers unless they opt for riskier mortgages. The government is striving to make the mortgage process as simple and as difficult to abuse as possible. Mortgage brokers, however, will likely see their fee income decline. BusinessWeek/The Associated Press