The primary regulator for lending on residential housing in the United States is which department?

• A. Department of Housing and Urban Development.
• B. Department of Urban Development.
• C. Department of Housing.
• D. Department of Housing and Lending.

Answer: (A)

HUD governs federal housing programs, including the FHA mortgage insurance program, which directly affects how residential loans are underwritten and insured. Because FHA-backed lending represents a large portion of residential housing lending and HUD sets the rules and oversees these programs, HUD is the primary federal regulator for residential housing lending. The other options are not real departments and do not regulate residential lending.