A Mortgage Bankers Association survey released Tuesday found that four out of 10 homebuyers say they get too much information during the real estate settlement process.

The confused borrowers said it would help if lenders simplified the process, demanded less paperwork, and explained all fees. Borrowers also suggested that documents be written in "plain English."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.