Which agency is responsible for ensuring mortgage brokers comply with federal lending laws?

The Federal Trade Commission (FTC) is the agency responsible for ensuring compliance with federal lending laws by mortgage brokers. The FTC's mission includes preventing deceptive and unfair business practices across various sectors, including real estate and mortgage lending. One of its roles is to enforce the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA), both of which are critical for the mortgage industry. This enforcement protects consumers by ensuring that lenders provide clear and accurate information about loans, fees, and the overall borrowing process.

While the other options listed are significant entities within the housing finance system, they are not primarily focused on overseeing compliance with federal lending laws. The Federal Housing Administration (FHA) primarily provides mortgage insurance and supports affordable lending practices but does not regulate brokers directly. The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) are government-sponsored enterprises that facilitate secondary mortgage markets but do not have oversight authority over brokers or lenders in terms of enforcing federal laws.