According to the Federal Housing Agency’s website on 3/31/2020, Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Banks are taking steps to help people who have been impacted by the coronavirus. If your ability to pay your mortgage is impacted, and your loan is owned by Fannie Mae or Freddie Mac, you may be eligible…
Month: March 2020
How do I Know if my Loan is Owned by Fannie Mae or Freddie Mac?
If your loan is owned by Fannie Mae or Freddie Mac, there are certain agreements in place about loan deferments. Make sure you read my other post about deferments before making any decisions about what you want to do. The person you pay your mortgage to is your loan services. On occasion, the company servicing…