HOME AFFORDABILITY RESOURCES
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#NOOTHER CAMPAIGN
AREAA successfully persuaded the US Census Bureau to track and include Asian housing data as a standalone category in its quarterly reports on homeownership by race and ethnicity.
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Translations Clearinghouse
AREAA collaborated with the GSES to create translated resources in Chinese for LEP borrowers. Korean, Vietnamese, and Tagalog are set to launch this year.
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Preferred Language Field
AREAA worked with FHFA to include a Preferred Language Field on the 2020 redesigned URLA in order to better capture the needs of LEP borrowers. In 2019, the FHFA removed the question. AREAA continues to advocate for the reversal of its decision.
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ELIMINATING THE 1% RULE
AREAA helped change underwriting standards to more fairly account for student loans that were in deferment when calculating a borrower's debt-to-income ratio.
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TO FIND OUT WHAT WE ARE DOING NEXT VIEW OUR 2020 THREE-POINT PLAN HERE.