The Federal Trade Commission will soon complete a comprehensive study of mortgage lending disclosures, which will serve as a basis for future agency initiatives to make consumer disclosures more effective. Peggy Twohig, associate director of financial practices at the FTC, said the draft study conducted by the agency’s Bureau of Economics looks at how consumers search for and choose mortgages, as well as how they understand the information they obtain about their mortgages. The study also explores whether enhanced disclosures...