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FNMA and FHLMC Uniform Translation Aids: What You Need To Know
According to the Consumer Financial Protection Bureau (CFPB), many Limited English Proficiency (LEP) borrowers are not fully integrated into the financial marketplace despite being a significant portion of the U.S. population – approximately 25.5 million individuals. The language access issues faced by LEP consumers present unique challenges in learning about and accessing financial products, services, and education tools, including understanding and completing key financial documents.