FHFA launches resources for lenders serving Spanish-speaking borrowers

Clearinghouse: Create an online clearinghouse to provide a centralized collection of resources to assist lenders, servicers and housing counselors in serving LEP borrowers. Future versions will be.

Bachmann Speaks on FHFA Involvement in Housing Market This included $85 billion in commercial non-real estate loans, $33 billion in residential first mortgages, $10 billion in commercial real estate loans, $5 billion in U.S. consumer and small business.

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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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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.

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transactions. We applaud FHFA for creating the Mortgage Translations clearinghouse for Spanish language documents and resources this past year. The expanded Spanish glossary and Spanish translated documents in the clearinghouse are a valuable resource for Spanish-speaking borrowers and the loan officers and advocates who serve them.

It’s Fed versus market as traders bet balance sheet slows hiking This helps keep it on track toward a possible rate hike toward the end of the year as well as toward a reduction in the $4.5 trillion balance sheet." Quincy Krosby, chief market strategist. that.

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FHFA sounds alarm on Home Loan Bank funding, advances Higher mortgage rates prove to be mixed blessing for U.S. Bancorp Higher interest rates, a lower provision for loan losses and lower expenses helped wintrust financial in Rosemont, Ill., offset a major drop-off in mortgage revenue in the first quarter. The .7 billion-asset company reported earnings of $58.4 million, or $1 a share, in the first quarter, up 19% from a year earlier. · FHFA sounds alarm on Home loan bank funding, advances By brian collins concerns about credit concentrations at the Federal Home Loan banks are opening the door to a wider conversation about – and likely rulemakings on – stricter regulation of.