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CFPB Works to Encourage Homebuyers to Shop Around for Best Mortgage Rate

client / featured / financial / mortgage

On Tuesday, January 13, the Consumer Financial Protection Bureau ("CFPB") launched its new Owning a Home ("OAH") website. The goal of this effort is to help US consumers to make smarter decisions about mortgages and home buying by providing them with information and tools related to interest rates, loan options, closing procedures, and more. The CFPB has maximized its potential to reach relevant consumers by ensuring that the tools provided on the OAH website cover various stages of the home buying process.

CFPB Mortgage

So why are efforts like OAH necessary? In its 2013 National Survey of Mortgage Borrowers ("NSMB"), CFPB found that nearly...