Why does a regulation issued by the U.S. Department of Housing and Urban Development (HUD) affect lenders?
A) Because borrowers are using the proceeds of a mortgage to purchase housing.
B) Because the government can pretty much do whatever it wants.
C) Because the Federal Reserve Board didn't come up with a regulation quickly enough.
The online course insists that "A" is the correct answer, but I can't help thinking that "B" just about covers it, really.