FHFA language disclosure rule stokes fears of legal blowback
Housing Wire
MAY 4, 2022
The Federal Housing Finance Agency will now require lenders to provide data on borrowers’ language preferences in order to sell loans to Fannie Mae and Freddie Mac , a move which could invite fair lending lawsuits. But what the federal government will do with the data after it is collected is less clear. FHFA declined to comment.
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