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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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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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