The Language of Home: Overcoming Barriers for Limited English Proficiency Borrowers
The Language of Home: Overcoming Barriers for Limited English Proficiency Borrowers
Mike Dawson
Learn more about the partnership between Federal Housing Finance Agency, Freddie Mac and Fannie Mae to help borrowers challenged with limited English proficiency navigate the homebuying process. The result has been a resource that has assisted lenders, servicers, housing counselors, real estate professionals and other industry stakeholders in better serving LEP borrowers. The Mortgage Translations Clearinghouse holds translated mortgage-related terms, documents, and homeownership resources in the several languages representing some of the largest population and cultural segments within the United States, helping these consumers understand topics such as fraud avoidance, foreclosure prevention, financial wellness and mortgage options.