Gov. Chris Gregoire has formed a task force to address potential mortgage problems in the state. Among those lined up: Gary Oakland, president and chief executive officer of the Boeing Employees Credit Union, and Scott Jarvis, director of the state Department of Financial Institutions, according to a press release.

I called Adam Stein, owner of American Brokerage in Auburn and also on the task force, to find out what he hopes to accomplish. He talked about the possibility of new loan products and consumer education but said his focus would be on improving disclosures to borrowers.

Disclosures already are required but beyond the fact that they are often not read, they aren’t consumer friendly, said Stein, who also is president of the Washington Association of Mortgage Brokers.

“I would like to see a single document, a one-page document that would go out and give clarity to the consumer, which I think would help a lot,” he said.

Don’t go looking for such changes in the next week, however. The task force announcement just came today and the group has yet to schedule its first meeting, Stein said. The release did say recommendations from the task force are due to the governor by the end of the year.

In case you missed Alan Greenspan on "60 Minutes" last night, here's a link to the story in print form and some video excerpts of the interview with Lesley Stahl.

Stahl, you might remember, made some waves in the real estate industry a couple months ago with a story on Seattle's Redfin, which also questioned the commission paid traditional real estate agents.

In yesterday's story, Greenspan -- the former Fed chairman -- does admit he missed the significance of the downside to the once-popular subprime lending, which allowed mortgages for borrowers with shaky credit or other financial issues. Greenspan's new memoir, "Age of Turbulence," comes out today.