The Consumer Financial Protection Bureau (CFPB) released a report finding almost half of consumers don’t shop around for a mortgage when purchasing a home. As part of its Know Before You Owe mortgage initiative, the CFPB is releasing “Owning a Home,” an interactive, online toolkit designed to help consumers as they shop for a mortgage.
“Our study found that many consumers are not shopping for a mortgage,” CFPB Director Richard Cordray said.