Lending process takes huge toll on Mother Nature

Paper chase kills 264,000 trees, consumes 251 million gallons of water annually
  • Based on 7.8 million mortgages a year and 280 sheets of paper per loan, study estimates that 2.2 billion pieces of paper are used for home loans.

Homebuyers complain so much about the “mounds” of paperwork they have to deal with at closing that perhaps the term should become a certified, government-approved measurement.