mortgage regulations

Mortgage regulations are rules designed to ensure that lenders provide fair and transparent lending practices, and that borrowers can manage their loans responsibly. They include requirements for accurate disclosure of loan terms, limits on risky lending practices, verification of a borrower’s ability to repay, and protections against discrimination. Regulations aim to promote stability in the housing market, prevent predatory lending, and safeguard consumers from unfair or deceptive practices. Overall, they help create a more secure environment for both lenders and borrowers, encouraging responsible borrowing and lending behaviors.