Which title of the Dodd Frank Act regulates the mortgage industry?

The correct answer is Title IV of the Dodd-Frank Act, which specifically addresses the regulation of the mortgage industry. This title was designed to enhance consumer protections and increase transparency in the mortgage market. It includes provisions that implement significant changes to the regulation of both residential and commercial mortgages, including the creation of the Consumer Financial Protection Bureau (CFPB). The CFPB is responsible for overseeing various financial products, including mortgages, to ensure that lenders adhere to fair practices and consumers are well-informed about the terms of their loans.

Title IV includes regulations surrounding ability-to-repay standards, qualified mortgages, and restrictions on certain loans, all aimed at preventing the predatory lending practices that contributed to the financial crisis. By ensuring that borrowers can understand and afford their mortgage payments, Title IV plays a vital role in promoting responsible lending and protecting consumers.