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Home » Lending Abuse: Borrowers Lost in Translation
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Lending Abuse: Borrowers Lost in Translation

August 28, 2006
Consumer advocates are urging the Federal Reserve Board to protect non-English speaking borrowers from unscrupulous mortgage lenders and brokers who sell home loans in languages other than English. These loan negotiations are sealed at the closing table by huge stacks of documents written in English that non-English speaking borrowers do not understand, advocates say...
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