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Legal Update

FHFA Finalizes Language Preference Question on Revised URLA

27 October 2017
Mayer Brown Legal Update
On October 20, 2017, the Federal Housing Finance Agency (FHFA) announced its controversial decision to add a preferred language question to the revised Uniform Residential Loan Application (URLA). After receiving more than 200 public comments in response to its Request for Information, the FHFA decided to include a revised version of the question, despite concerns raised by many in the mortgage industry. This Legal Update provides the full text of the revised question and discusses the industry’s concerns.

Authors

  • Laurence E. Platt
    T +1 202 263 3407
  • Tori K. Shinohara
    T +1 202 263 3318
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