Does Fannie or Freddie Own My Mortgage. by Nat from Maryland Ask Kate does Fannie Mae or Freddie Mac own my mortgage loan: Dear Kate, My huge nationwide lender says they don’t know who owns my mortgage. I bought my home in 2007 and my mortgage has a 6.125 interest rate.
Does Fannie Mae Own My Loan? Fannie Mae provides a tool on its website that lets you find out if it owns your loan. Enter your street address, city, state and zip code. fannie Mae searches its database and determines whether or not it owns your loan. You can also call Fannie Mae at 1-800-732-6643 to speak with a customer service representative.
The terms of your mortgage remain the same regardless of who owns it. If you were paying, say, 5 percent interest before Freddie Mac bought your mortgage, then you’ll pay 5 percent interest afterward. The only change you might see is that you will be asked to send your mortgage payments to a new address.
Pnc Pre Approval Mortgage A mortgage pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but a pre-approval is much more valuable because it means the lender has checked your.
Fannie Mae is a government-sponsored enterprise that makes mortgages available to low- and moderate-income borrowers. It does not provide loans, but backs or guarantees them in the secondary.
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To determine whether Fannie or Freddie own your loan, just go to the fannie mae lookup tool and the Freddie Mac lookup tool. If neither Fannie nor freddie claim ownership, it is nearly certain that a REMIC is the purported owner of the note and mortgage. Why do you want to know who allegedly owns your note and mortgage?
What Does It Mean if freddie mac owns My Mortgage. – What Does It Mean if Freddie Mac Owns My Mortgage?. neither of whom you would probably want to own your mortgage. In reality, Freddie Mac is a government-backed corporation.. the Federal National Mortgage Association, or FNMA, which came to be known as "Fannie Mae," and the Federal Home.
In this example, your payments and questions will all be directed to Wells Fargo, but the company that ultimately holds your mortgage loan is Fannie Mae. Can my mortgage be sold again? Yes, your mortgage can be sold again and may be sold multiple times during the life of the loan.