mortgage regulation

Mortgage regulation involves rules and laws designed to protect borrowers and ensure fair lending practices. Regulators oversee lenders to prevent unethical behaviors like predatory lending and ensure transparency about loan terms, risks, and costs. They set standards for loan approvals, disclosure requirements, and reserve requirements for lenders. These regulations aim to promote financial stability, prevent fraud, and make borrowing conditions fair and understandable, helping consumers make informed decisions when purchasing or refinancing homes.