Get ready for more changes in mortgage lending in 2010

"Since 1974, the process families go through when they purchase or refinance a home has virtually gone unchanged. Now for the first time in more than 30 years, the housing arm of the government, known as HUD (short for Housing and Urban Development), has released the details of the new mortgage reform that will help families shop for the lowest-cost mortgage available and avoid costly and potentially harmful loan offers from predatory lenders. "