Which governing entity primarily oversees regulations concerning FHA loans?

The Department of Housing and Urban Development, or HUD, is the primary governing entity that oversees the regulations concerning Federal Housing Administration (FHA) loans. HUD is responsible for implementing policies pertaining to housing and urban development, including the administration of FHA programs. This includes ensuring compliance with federal laws and regulations related to mortgage lending and homeownership.

FHA loans are designed to facilitate home ownership, particularly for low to moderate-income borrowers, and HUD establishes the guidelines that lenders must follow when offering these loans, ensuring that they align with the overall goals of increasing access to affordable housing.

Other entities mentioned, such as the Federal Housing Administration itself, play a vital role in the management of FHA programs, but they operate under the broader oversight of HUD. Similarly, the Consumer Financial Protection Bureau focuses on protecting consumers in the financial sector, while the Federal Reserve primarily manages monetary policy and has limited direct influence over FHA loan regulations. Thus, HUD's role is central in shaping the rules and standards for FHA loans.