The Consumer Financial Protection Bureau has introduced Owning a Home, a set of online tools designed to make it easier for consumers to comparison shop for the best deal in mortgage financing.
I think this feature could be useful, however, have concerns about two things:
1. Is the CFPB a Mortgage Licensed entity? Only a licensee can quote interest rates.
2. Where is the APR? that must be quoted at same time as rate and must be in same size and font.
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CFPB Shifts Some Power to Mortgage Shoppers
Posted by: Erika Morphy January 13, 2015 09:00 PMThe Consumer Financial Protection Bureau has introduced Owning a Home, a set of online tools designed to make it easier for consumers to comparison shop for the best deal in mortgage financing.
1. Is the CFPB a Mortgage Licensed entity? Only a licensee can quote interest rates.
2. Where is the APR? that must be quoted at same time as rate and must be in same size and font.