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NAFCU, with seven other trade associations, expressed concern to Federal Housing Finance Agency Director Mel Watt yesterday about the addition of language preference to the new Uniform Residential Loan Application due to serious compliance and legal concerns that weigh against it.

"At this point, the inclusion of the subject question would only create confusion, uncertainty and potential liability," the letter stated. "Given the implications across federal agencies, we urge the FHFA to abandon this proposal or, at the very least, seek broader interagency and stakeholder input before proceeding further with this addition to the URLA."

Along with NAFCU, other trades on Wednesday's letter included: the American Bankers Association the Consumer Bankers Association, the Consumer Mortgage Coalition, CUNA, the Housing Policy Council, the Independent Community Bankers of America and the Mortgage Bankers Association. The letter was also sent to the presidents and CEOs of Fannie Mae and Freddie Mac.