News & Analysis as of September 26, 2024

Mortgages › Limited English Proficiency (LEP)

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

CFPB Language Access Plan for Consumers with Limited English Proficiency

Ballard Spahr LLP on 11/30/2023

Throughout the past few years, the CFPB has sought input from a range of stakeholders, including community-based organizations and financial institutions, for feedback about how it can improve consumer financial products and...more

[Webinar] Hot Topics in Fair Servicing - April 13th, 11:00 am - 12:00 pm PT

Davis Wright Tremaine LLP on 4/7/2023

The national and administrative focus on advancing racial equity and support for underserved communities keeps fair servicing in the foreground as a top priority for mortgage servicers. In this webinar, you’ll hear from a...more

FHFA Expands Mortgage Translations Online Clearinghouse

Alston & Bird on 10/8/2020

A&B ABstract: The Federal Housing Finance Agency has expanded the number of languages for which it provides translated documents as part of its Mortgage Translations clearinghouse....more

CFPB Guidance on Serving LEP Consumers

Ballard Spahr LLP on 12/1/2017

Although the CFPB’s leadership transition rightfully remains top of mind for many of our readers, we wanted to recap two developments related to serving consumers who are Limited English Proficient (LEP). ...more

FHFA announces reopening and second extension of comment period for LEP RFI

Ballard Spahr LLP on 8/8/2017

The Federal Housing Finance Agency has announced that it has reopened and extended until September 1, 2017 the comment period on its Request for Input on improving language access in mortgage lending and servicing. The FHFA...more

FHFA extends comment period for LEP RFI

Ballard Spahr LLP on 7/13/2017

The Federal Housing Finance Agency has announced that it has extended until July 31, 2017 the comment period on its Request for Input on improving language access in mortgage lending and servicing....more

Industry groups ask FHFA to extend comment period for LEP RFI

Ballard Spahr LLP on 7/6/2017

A group of eight trade associations has sent a letter to the Federal Housing Finance Agency (FHFA) asking the FHFA to extend by at least 45 days the comment period on the FHFA’s Request for Input (RFI) on improving language...more

CFPB issues Fall 2016 Supervisory Highlights

Ballard Spahr LLP on 11/7/2016

In its Fall 2016 Supervisory Highlights, which covers supervision work generally completed between May and August 2016, the CFPB highlights violations found by its examiners involving origination and servicing of auto...more

HUD Fair Housing Guidance Raises ECOA Risk in Serving LEP Consumers

Ballard Spahr LLP on 9/26/2016

New guidance issued by the U.S. Department of Housing and Urban Development (HUD) on Fair Housing Act (FHA) protections for persons with limited English proficiency (LEP) could have reverberations under the Equal Credit...more

HUD expands fair housing liability to include LEP discrimination

Ballard Spahr LLP on 9/23/2016

Last week, HUD issued new guidance confirming that persons with limited English proficiency (LEP) are protected under the Fair Housing Act (FHA). LEP includes a limited ability to read, write, speak, or understand English. ...more

HUD Expands Fair Housing Protections

Ballard Spahr LLP on 9/21/2016

People with limited English proficiency (LEP) are protected under the Fair Housing Act (FHA) under new guidance announced by the U.S. Department of Housing and Urban Development (HUD). Housing providers can face liability for...more

FHFA Will Exclude Language Preference Question From New URLA

Ballard Spahr LLP on 8/8/2016

The Federal Housing Finance Agency (FHFA) has updated the industry on its progress in making changes to the Uniform Residential Loan Application (URLA). FHFA restated that their goal has been to finalize the new URLA by the...more

CFPB urged to adopt strong protections for LEP consumers

Ballard Spahr LLP on 6/2/2016

Americans for Financial Reform (AFR) has issued a brief in which it urges the CFPB and other federal agencies to adopt strong language access protections to improve the mortgage marketplace for limited English proficiency...more

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Mortgages › Limited English Proficiency (LEP)

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