Nicole CabaƱez Praises New FHA Language Preference Requirement

Nicole Cabañez (’22), a current Fellow at the National Consumer Law Center, was quoted in National Mortgage Professional about the Federal Housing Administration’s (FHA’s) new rule requiring lenders making FHA-insured mortgage loans to ask borrowers for their language preference (“FHA To Require Lenders To Ask Language Preference,” June 28). “Identifying language preference is an important first step toward serving borrowers with limited English proficiency [LEP],” Nicole said. “We celebrate this tool for allowing borrowers to express their language needs in an efficient, systematic way, while also recognizing that lenders and servicers also must be required, not merely encouraged, to respond to the needs of LEP consumers with concrete steps to increase access to written and oral assistance. We urge FHA to continue reducing barriers to the mortgage market for LEP homeowners.”