Wednesday, March 24, 2010

Does Fannnie or Freddie own your mortgage?

Image ID 1238452 by StockExchange user imMrChris (image courtesy of StockExchange user ImMrChris)

Does Fannie Mae or Freddie Mac own your home mortgage loan? Why should you care?

If your mortgage loan is owned by Fannie Mae or Freddie Mac, you may be eligible for a loan refinance program under the federal government’s Making Home Affordable (HAMP) program.  Only loans owned or guaranteed by Fannie Mae or Freddie Mac are eligible.

To find out if your loan is owned by one of The Two F’s, use this handy-dandy government website. Or you can call your loan servicer using the 800 number on your monthly statement or coupon payment book.

Visit yesterday’s post for links to the HAMP program website. Or, click read all our mortgage articles.