Posted on

FHFA launches resources for lenders serving Spanish-speaking borrowers

FHFA launches resources for lenders serving Spanish-speaking borrowers 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.

 · 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.

Homebuilder sentiment declines to an eight-month low Housing starts fall more than expected, permits steady The numbers: Construction on new houses sank 11% in December to a more than two-year. read: home prices fall to a fresh four-year low, Case-Shiller says What they are saying?: “Compared to housing.Millennials emerge as a bulwark against Canada housing bust People on the move: april 27 toronto, Montreal and Vancouver have seen the biggest net inflow of millennials in 12 years, a key reason demand for housing is expected to remain strong, despite spiraling costs, according to Royal Bank of canada. bloomberg news The population of 20- to 34-year-olds swelled by 96,000 in the three cities last year, the bulk of [.]Despite the decline in the latest builder sentiment survey, sales of new U.S. homes have been robust this year and are expected to continue climbing. Low mortgage rates and a solid job market have.

Access resources for limited English speakers; Language access to the courts; About Consumer Action. During the recent foreclosure crisis, some LEP borrowers paid. The Bureau launched its Spanish language website (“CFPB en. Glossaries of financial terms are being created to help lenders and.

Consumer outlook not to blame for slowing existing-home sales Bill Dobbins Rebecca Lynn Rebecca Lynn by Bryan White – Songfacts – Rebecca Lynn is songwriter Skip Ewing’s daughter. And while you might think Skip wrote this song about his daughter, the story is quite the reverse. During a songwriting session with good friend and.Existing-home sales dropped in June for a third straight month.. that orders had declined 1 percent from a year earlier, blaming rising mortgage rates.. This new wariness was noticeable in the latest consumer-sentiment data. of home sales and prices, it has not slowed rising homeownership,” Freddie.

FHFA launches resources for lenders serving Spanish-speaking borrowers. "a thorough and deliberative process," the department determined that "government entities may provide funds to borrowers to help make down payments on FHA loans.". FHFA launches resources for lenders serving Spanish.

Rep. Hill questions Federal Housing Finance Agency Director at Financial Services Committee Hearing "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.

FHFA's Mortgage Translations clearinghouse. Spanish Resources for Servicers. These Spanish Language Resources for Lenders can help you serve this. Use our sample Notice to Borrowers About Spanish and English Language.

With the launch of the Expanded Access product. Informative Research brought on Damon Paxson as their newest VP of Client Success, who will be serving lenders and banks in the South Central region..

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.

 · 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.

Higher home prices risk closing door on housing momentum Slower growth doesn’t dim Fannie and Freddie mortgage outlook Foreclosure activity is at the lowest level in over a decade The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007. · Jan 30, 2019 (Euclid Infotech Ltd via COMTEX) — Economic growth is projected to slow to 2.2 percent in 2019, down from last years estimated. · How to Get a Mortgage With No Down Payment. For one thing, you’ll save on interest charges simply by borrowing less money. The lower the down payment, the higher the risk you are to the lender. Because of this, most lenders offer better rates to borrowers who make more sizeable down payments.. “You can buy a home at a price that.