FHFA launches resources for lenders serving Spanish-speaking borrowers

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.

Recognizing that limited English proficient (LEP) borrowers make up a growing share of today’s mortgage market, the Federal housing finance agency (fhfa), along with government-sponsored enterprises Fannie Mae and Freddie Mac, have launched a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors and other real estate professionals in serving LEP borrowers.

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(GlobeNewswire) – 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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