Which federal agency regulates mortgage lending?
Understand the Problem
The question is asking about the specific federal agency responsible for overseeing and regulating the mortgage lending industry in the United States.
Answer
The Consumer Financial Protection Bureau (CFPB).
The Consumer Financial Protection Bureau (CFPB) regulates mortgage lending in the U.S.
Answer for screen readers
The Consumer Financial Protection Bureau (CFPB) regulates mortgage lending in the U.S.
More Information
The CFPB was established in 2008 in response to the financial crisis to protect consumers and enforce federal consumer financial laws, including those pertaining to mortgages.
Tips
Confusing other financial regulators like the Federal Reserve or FDIC with the CFPB, which specifically focuses on consumer protection.
Sources
- Who Regulates Mortgage Lenders? - betterratemortgage.com
- Get answers to your mortgage questions - consumerfinance.gov
- Who Regulates Mortgage Companies? - mrcooper.com
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