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HUD calls for protection of non-English buyers

Sep 27, 2016
The Department of Housing and Urban Development recently released new guidance that emphasizes the Fair Housing Act also protects homebuyers who have limited English proficiency. 
 
The new guidance particularly flags mortgage brokers and lenders, emphasizing they must provide borrowers with limited English proficiency access to mortgage programs. HUD says it has become alarmed over cases where lenders have denied Hispanic and other non-English speaking borrowers’ requests to get loan documents translated.
 
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New York first quarter statewide home sales strong 
despite slide from record pace

With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.

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