(RECAP: House Republicans are urging the regulator of Fannie Mae and Freddie Mac to remove a question about the borrower’s language preference in the standard loan form used to apply for Fannie and Freddie-backed loans. In a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt, 54 members of the House urged the regulator to remove the question, pending a comprehensive review by Congress and the federal agencies on how to best deal with mortgage applicants with limited English. FHFA recently updated the Uniform Residential Loan Application form, and made a late addition to insert the question. Several mortgage trade groups have objected, saying the question could raise compliance issues and potentially the costs to originate mortgages when the applicant selects another language.)

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