To understand the options available for getting help with your mortgage – including the federal Making Home Affordable program – it is important for you to know who owns your loan.
Fannie Mae has on online tool for homeowners to quickly determine if their loan is held by Fannie or Freddie. You can access it here on the Fannie Mae loan lookup page of their website.
So, if Fannie Mae or Freddie Mac don’ t own my mortgage, WHO DOES??
There may be no single “owner” of your loan if the original mortgage was bundled with hundreds of others and placed in a trust which was then sold off in pieces to hundreds of investors.
The company that services your loan has the legal authority to work with you on a payment plan you can handle. It’s their job to maximize investors’ returns, and having you default isn’t going to help anyone.
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