FHFA launches resources for lenders serving Spanish-speaking borrowers

Washington, D.C. – Oct. 15, 2018 The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and Fannie Mae (OTC Bulletin Board: FNMA) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers.

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WASHINGTON, Oct. 15, 2018 (GLOBE NEWSWIRE) — The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and Fannie Mae (FNMA/OTC) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers.

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FHFA collaborates with Fannie, Freddie to launch resource for non-English proficient borrowers. The process of applying for a home loan can be confusing and tedious, especially for those who may not call English their first language.

These Spanish Language Resources for Lenders can help you serve this market. This page consolidates Spanish versions of many loan origination documents such as the loan application, loan estimate, verification forms, closing disclosure, mortgage and note, plus includes links to many other helpful mortgage resources-all in one place.

“The Community Home Lenders Association (CHLA) writes to ask FHFA to investigate. to moderate-income borrowers become homeowners with as little as 3% down. Register for the webinartoday and visit.

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lenders made over 1.2 million purchase and refinance loans in rural areas.3 The GSEs also purchased 80,680 purchase and refinance loans to LMI borrowers in rural areas and 24,132 loans to rural borrowers of color, a 26.7 percent and 21.9 percent market share, respectively (Figure 2).

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FHFA launches resources for lenders serving Spanish-speaking borrowers. BankThink. OCTOBER 15, 2018. The Federal Housing Finance Agency, Fannie Mae and Freddie Mac have launched an online clearinghouse with resources to assist lenders in serving borrowers with limited English proficiency. GSEs Lending Mortgages fhfa fannie mae Freddie Mac CFPB

She has worked for a lender and for. the first dedicated resource for the production of new housing affordable to the lowest income people.In December 2014, after substantive meetings with Crowley.

The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and Fannie Mae (FNMA/OTC) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers.

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