Better Mortgage Bureau Launched in Baltimore

A Better Business Bureau-type organization called the Better Mortgage Bureau has been formed in Baltimore to provide the tools and education consumers need to make informed homebuying decisions, according to the BMB.The bureau said its mission is to "elevate consumer awareness through shared experiences and industry experts" and to establish the best-practices benchmark for the mortgage industry. Calling itself the "Good Housekeeping Seal of Approval" for the mortgage industry, the organization said consumers can search the repository of all BMB members to find the mortgage professional that meets their needs. "For the first time, consumers can be assured that their mortgage professional is licensed, trained, and will adhere to the BMB code of ethics," the bureau said. The BMB can be found online at http://www.bettermorgagebureau.com.