Does Fannie Mae Own Your Mortgage?


fannie_mae

The Fannie Mae Loan Lookup enables mortgage borrowers to quickly determine if Fannie Mae owns their loan by providing a street address, city, state, and zip code.

Borrower Beware….in fine print  at the bottom, it states that “Fannie Mae makes no representation, warranty, or guarantee regarding the accuracy or completeness of the results. A search that results in “Match Found” status does not guarantee or imply that you will qualify for a Making Home Affordable refinance or modification. You should contact your mortgage lender to verify these results.”

So what does it matter if Fannie Mae owns your mortgage?

If your mortgage loan is owned by either Fannie Mae or Freddie Mac, you may be eligible for certain refinance or modification options under under President Obama’s Making Home Affordable Plan.

***NOTE: You may also be eligible for modification options even if your loan is not owned by Fannie Mae or Freddie Mac.***

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One Response to Does Fannie Mae Own Your Mortgage?

  1. mortgage enhancer…

    Nearly a third of the states mortgage holders are underwater on their loans, many of them by amounts that would disqualify them for government sponsored refinancing….

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