MFJ Led Push for Preferred Language Option on Mortgage Applications
On Friday, October 20, 2017, the Federal Housing Finance Agency (FHFA), the body that oversees Fannie Mae and Freddie Mac, announced that it will amend its Uniform Residential Loan Application (URLA) to add a preferred language question so that limited English proficient (LEP) borrowers can inform the lender at the outset the language in which …