FHFA launches resources for lenders serving Spanish-speaking borrowers

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 · 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.

The Future of Fannie Mae and Freddie Mac · 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.

This new tool demonstrates FHFA’s commitment to fair lending and will serve as an invaluable resource for limited English proficient borrowers and their advocates both in the home purchasing process and in the sometimes complicated loss mitigation process.

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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 Federal Housing Finance Agency (FHFA), Freddie Mac and Fannie Mae have collaborated to launch a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors and other real estate professionals in serving limited English proficient (LEP) borrowers called Mortgage Translations.

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

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