GSE Effort to Translate Loan Docs to Spanish a ‘Positive Step,’ But Latino Advocates Want Translations Expanded, Simplified
September 29, 2006
Hispanic civil rights and community advocates lauded efforts by Fannie Mae and Freddie Mac to provide non-binding mortgage documents in Spanish to help guide non-English speaking borrowers through the home loan process. The two government-sponsored enterprises jointly announced this week the availability of 83 translations of uniform instruments, to help Latino borrowers understand the conditions and terms, and other key disclosures, of the loans they are trying to obtain. Hispanic community advocates welcomed...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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