FHFA launches resources for lenders serving Spanish-speaking borrowers

The volume of both cash-out and non-cash-out loans increased in 2015 and 2016 as borrowers enjoyed a two-year window when decreasing interest rates and. FHFA launches resources for lenders serving Spanish-speaking borrowers. October 15, 2018.

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FHFA launches clearinghouse for mortgage industry to assist. – Lending FHFA Freddie Mac Fannie Mae Mortgages. On October 15, the Federal Housing Finance Agency (FHFA), Freddie Mac, and Fannie Mae announced the joint launch of the Mortgage Translations clearinghouse, a collection of online resources designed to help lenders and servicers assist borrowers with limited English proficiency.

Joint Statement: Public Interest Groups Applaud FHFA Move to. – The clearinghouse is a valuable resource that will improve the homeownership experience for Limited English Proficient (LEP) borrowers by making available all in-language resources in one centralized place, including translated loan documents, glossaries, and other educational materials. The clearinghouse will be helpful to lenders, housing counselors, attorneys, and other advocates assisting.

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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.

"Freddie Mac is pleased to work with FHFA and Fannie Mae on this language access multi-year plan, as it demonstrates our commitment to help make home possible for today’s borrower and the borrower.

WASHINGTON – Fannie Mae, Freddie Mac and their regulator have launched an online clearinghouse with resources to assist lenders in serving borrowers with limited English proficiency. The first phase of the launch of Mortgage Translations consists of Spanish-language documents, the Federal Housing Finance Agency said in a press release.

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– The Federal Housing Finance Agency (FHFA) today launched a nationwide campaign to inform homeowners about the Home Affordable Refinance Program (HARP). The campaign is designed to encourage homeowners who have been making their mortgage payments, but who owe more than their home is worth, to contact their current lender or any other.

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FOR IMMEDIATE RELEASE: Oct. 16, 2018 CONTACTS: Carter Dougherty, Americans for Financial Reform, carter@ourfinancialsecurity.org, (202) 251-6700 Jan Kruse, jkruse@nclc.org, (617) 542-8010 Public Interest Groups Applaud FHFA Move to Expand Resources for LEP Borrowers (Leer en Espaol) WASHINGTON, D.C.-