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Federal Housing Administration Launches New Resources to Remove Language Barriers for Borrowers
Multi-language translations of single-family mortgage documents offer new resources for lenders and servicers when working with borrowers with limited English proficiency.
Today, the Federal Housing Administration (FHA) is making available in Chinese, Korean, Spanish, Tagalog, and Vietnamese more than 30 single-family mortgage documents and related resources used in the origination of FHA-insured mortgages. The educational resources are accessible from FHA's new language access web page and are intended to assist lenders, servicers, housing counselors, and other FHA program participants in explaining information related to FHA-insured mortgages to those with limited English proficiency prior to borrowers executing legal documents in English, as required by law.>> Federal Housing Administration Launches New Resources to Remove Language Barriers for Borrowers
