How do You find out who Owns your Home Loan?

Sometimes when trying to get a loan modification or complete a short sale you have a bank that is just stubborn and is just not helping you.  So what options do you have?

Between 65% and 70% of all loan losses are borne by Uncle Sam. He has direct/indirect ownership or insures against losses thru the following entities: Fannie Mae, Freddie Mac, Federal Housing Administration (FHA), and the Veterans Loan Program (VA.)

Here is how to find out if your loan is owned by any of those entities.

Fannie Mae. http://loanlookup.fanniemae.com/loanlookup/

Freddie Mac. https://ww3.freddiemac.com/corporate/

FHA. Towards the top right corner of the first page of the mortgage, there should be a small square. Inside the square, it will say "FHA Case Number 091-424240-703." The case number will be different, but it will still be an FHA loan.

VA. On the mortgage, 1-4 pages past the signature page will be a VA Rider. At the top it will say "NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS." That is a VA loan.

So Now you know who has control of your loan, when you need that loan modification or short sale completed you can then direct your efforts to contact them directly instead of the current servicer bank that seems to not be helping you.  If your loan is not listed with any of these entities, that means it is probably owned by that servicer directly.

Don't be afraid or feel uncomfortable to fight for your rights to keep your home, if you have to go above their heads...  Be direct, but always be respectful!



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December 09 2011 - Sicklerville
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Replies (1)

Well put Mr. Sarlo problem is that many times the servicer will be the party in charge of collecting the documents in order to get your loan modification reviewed.  You can try to go around them but you will always be guided back to the Servicer.  What i feel is a better way of finding everything about your loan is to just do an A securitization audit is an in-depth investigation of the securitization process of a mortgage. At the point you can have all the facts you need to get a loan modification reviewed correctly by your Servicer and and Owners of the loan so you can get quicker results! because i do agree with you about being Direct with the Banks cause they tend to try play Stupid and waste time and Time unlike Money you could never get back! 
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December 09 2011
 
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