Financial industry trade groups are questioning the regulator of Fannie Mae and Freddie Mac about potentially adding a language preference to the loan application.
A letter was sent from eight groups including the American Bankers Association, Mortgage Bankers Association and National Association of Federal Credit Unions.
The June 8 letter is addressed to Federal Housing Finance Agency Director Mel Watt. Fannie’s and Freddie’s chief executive officers were both copied in the letter.
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