Who Owns My Loan?
(41 votes, average: 4.17 out of 5)
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Most home owners would not necessarily know who “owns” their mortgage loan. Home owners receive their monthly statements, and make their monthly payments, to their mortgage company (or mortgage servicer). This is usually not the company that provided the funds originally to make the loan.
Typically, the mortgage company providing the statements and accepting the payments is only providing the service of billing, statements, customer service, etc. The company that provided the funds originally is called the “investor”, of which, Fannie Mae and Freddie Mac are the two largest investors in the country. Both companies have setup a self service web portal for consumers to determine whether or not that company is the investor on a particular home loan. The links to those services are below.
Please note: Even if your loan is owned by either company, you will still need to find a participating lender to fully determine your eligibility for the program. To find a participating lender, simply complete the 4 step form to the right.
Click to see if Fannie Mae owns your loan. |
Click to see if Freddie Mac owns your loan. |
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Fannie Mae Products
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Freddie Mac Products
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Comments (122)
Marci
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All of you are correct, I too am in the same or similar situation. Only difference is that I became disabled and am on SSDI which really puts a wrench in things. Also was forced to file a bankruptcy chpt. 7. It will cost as much for me to rent an apartment as it would to have someone try to help me keep my home. I have tried several home loan companies and am working with someone called Save your home (Save My Home) I am not holding my breath for this one either because I owe on my 1st mortgage 370,000 and home is worth 250,000. Just not good. I am sure that I will have to give up everything and just plain lose all that I have worked for. I was employed for over 31 years and I ask myself…. for what? I got stuck in the whole housing messup financially and got suckered into interest only loans… just plain bad. I am feeling that I will just have to give in and give up. I really cannot take it anymore. I truly do understand why people just give up and walk away from such an awful situation. I had hopes of a better life in my older golden years, but it looks like I am going to be poverty stricken with little hope for any future that I may have had. HAMP1 was not a successful move for me and looking at HAMP 2 looks very dismal. I will need a lot of help to move from what I thought would be a stable environment. It makes you wonder, how could these lenders have been so insentive to the needs of hardworking people to take them under in such a manner. I too know that I wish I knew more about what I was doing so that I could have made a better conscious move in home purchasing in the first place. I have since gained a lot of knowledge about home buying… but now it appears to be too late for this knowledge. I am sure that I will have to opt for the simplest life possible and just throw in the towel. I have tried since 2011 after the death of my mother and 17 other significant people in my life and just lost another 4 people to death. What is really better in this life we now life… hmmm. Anyway.. to all of you, hope you can and will make the best decision for what you are facing… remember, you only have one life… why be consumed by what may not be able to be fixed. I just do not know anymore and I am running out of gas at this point in time in my life. I have fought for my home for a long time and have been told by other legal people that it would be better to just let go and reorganize because the housing market will continue to erode ones life if you are already in a bad situation that cannot be resolved. I truly wish the best to all of you. I wish I had someone to come to my rescue too…. Life has been very hard for me as a single person and I am truly stumped at what to do. It was nice while it lasted, but I just do not know what else to do at this point in time. I am still waiting for a response back from this Save Your Home company, but I do not have High Hopes. Blessings to all of you and I truly hope that you all find some kind of peace in your lives.
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Lydia Hall
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I applied for modification using Ocwen. Original loan was New Century- the day after signing they went bankrupt & the housing bubble burst. Select Portfolio took over loan and.Ocwn then took over. Went through nightmares w/preditor loan modifiers. Was able to get a little help from Ocwen. Still needed major refi/modification.I applied at least 7 times w/lots of duplicate requests for documents. It was crazy making. I finally ran out of time and was foreclosed. I went to my State’s Representatives office and complained.While packing my house I recieved a call from HARP asking if I still wanted my house! They even apologized for treating me poorly. The foreclosure was rescinded & I rec’d a loan modification.US Bank owns thehouse & there’s no deed/title filed in my name. I can’t sell my house or will it to my children. Currently investigating if I am buying or renting from US Bank. Hard to get answers that set my mind at ease. Need a good lawyer.
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Lydia -
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Just updating from initial comments above. Can’t afford a lawyer. Can’t find deed-title to house. Ocwen knows nothing. Making payments. Everything will go up in a few years and I have a balloon payment at the end of the loan and the amount will be determined then. Owe $370,000. Home may be worth in market $188,000 – 220,000. Depends on what phase of the moon we’re in. Lol. I too am disabled on SSID. I can’t rent a place. Lost all my savings. Know that feeling of working for 30 years and ending up with nothing to show for it. What hurts the most is I can’t give my kids their childhood home whether I’m alive or dead. I feel like it’s been stolen from me. I can’t rent it &make a little $. Who do you even talk to and get an honest answer? The banks got bailed out and the home owners still are held hostage by the bank’s greed. What is going on in America?
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Jet
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Can anyone help? Bought in bubble years with 20% cash down and now upside on the loan anywhere from 115% to 130%. Paying near 6% interest. Loan originated and serviced by Wells, not held or guaranteed by Freddie or Fannie or by the bank; told it was sold to private investors. Looking for options from a minimum refi to modification/principal reduction. Current on all payments. Any suggestions?
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melanie
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We have a loan held by citi mortgage, we are in harp but next year out interest rate is supposed to go up. we are under water and were told by citi they wont help us. we are desperate. we are in illinois.
thanks
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Thomas
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We are eligible for a Harp Refi, as we have a Fannie Mae backed home. BOA locked us in for 90 days in June (& sold us pts, in order to get a 4.250% rate). We have the 80/20 interest rate only, & are in 6th yr of 10. Needless to say we were suppose to close today. However when I called to make sure everything was a go, come to find out BOA bought our home in Jun thru a huge parcel & do not have all docs yet. They couldn’t get the CEMA Stamp. They said we have to wait another 2-3 wks & they will honor the rate, however not sure how long it may take. What are our options?
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Ernesto
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My loan is not owned by Fannie nor Freddie! Its Hadson Vally Federal Credit Union. I bought it in 2007 for $ 291,000, I owe the bank $ 268,000 and the value of the house today is $ 160,000, I have an excellent credit score (780).
I have chance to refinance with other banks?. How I can do?.
I would appreciate any help or advise how to proceed to save my house!.
Thank you very much.
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john
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about 3 months ago I checked the links provided by fannie mae and freddie mac to see if they if one of them guaranteed my loan. Freddie Mac came up as the guarantor of my loan. Now I check and neither one of them show up as the guarantor. What is the deal? Will I still be eligible for HARP 2.0?
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Neil Durkee
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If my loan is with a lender who’s a part of the HARP umbrella what are the rules and regulations concerning foreclosure if that should occur?
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Pat
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My issue began during loan origination. The lender impounded my account for taxes based on half of the annual taxes. This caused an substantial increase to my monthly payments which I could not afford. I continued to pay the maximum payments, late fees added, credit ruined. Cannot afford an attorney.
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John
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We bought our home 2007 through Wells Fargo. We needed a 1st and a 2nd mortgage. Our 2nd was 80,000 which we paid off in 4 years. Unfortunately, times have changed for us and we need to get a loan modification. We owe $690.000 and the house is worth $550,000. In January 2012, Wells gave us some relief from 6.5% to 5.6% interest only until 2017. They say they don’t own the loan. We need better relief. Does anyone know who I can go too?
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bob
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I just received my loan mod from Wells Fargo because the loan is owned by Fannie Mae. I had been working with Wells Fargo since march to get the modification. I kept sending in duplicate application and documents and all of a sudden I was offered a modification because Fannie Mae owned the loan. I am in a 3 month trial period and Wells Fargo still services my loan. If I make the three payments on time the modification will be permanent. It lowers interest rate and makes the loan term longer which lowers my payments. My 8 months unpaid house payments were added on to the back of the new loan. I think it is worth the effort to continue work with Wells Fargo Home Preservation Dept. Best of Luck.
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Michelle
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We have a loan that Fannie Mae is the investor on. As we prepared for a refinance once year ago BofA sol the loan to Nationstar. The problem is now Nationstar is not licensed in the state of Hawaii! We have gone to top Managment because we need and would qualify for Harp but because they are not licensed we have 0 optiions. This seems wrong and illegal to sell a loan to a servicer who is not licensed in the state the home exists. What can we do?
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Ken
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I am a 17 year loan officer veteran and can tell you that you CAN refinance with HARP as long as the new lender who takes over the Nationstar mortgage is licensed in Hawaii.
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Randy H
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My home mortgage was done with B of A and had Fannie Mae ownership when I looked it up two years ago. No B of A has sold many loans including my first to Greentree Servicing. When I now lookup under fannie mae it isn’t owned any more. B of A kept the 2nd under their umbrella. So now I can’t combine thee two loans and get refinanced. I wasn’t even asking for a principal reduction then. Now I have gone from 284,000 to 103,000 assessed value. I am assuming I am screwed here with no way to refinance because of B of A selling to Greentree. I think there was a backroom deal somewhere to sell all these fannie mae loans.
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Dennis R Crosby
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You are not screwed. On your Deed of trust it will say who owns your loan. B Of A was just the servicer of the loan. Now it is GreenTree. Not a big deal.
what area of the country are you in.
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sharon
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HARP 2
Been getting the run around from my mortgage co., and two Loan companys, Beware if your self employed, with great credit, pay all your bills on time, never never late on you mortgage, you will not get help. Lenders are not willing to give self employed persons the HARP2 loan. Very sad situation our Pres. has put us in.
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Ron
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I live in California and my home is owned by Wells Fargo. Had an 80-20 but second loan already paid off. House valued at about $279k and I owe $308k, very good credit with a variable rate 3.75%. Never late since buying house in 2005. I’ve called Bank of America and Wells Fargo to try to re-finance but always get the run-around and no help. Is there help available somewhere?
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bob
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i have a rental prop in illinois, i owe 58k, pnc services the loan, Wells fargo owns it(so i dont qualify for harp). credit score 750-800. property probably worth 65-70k at this point. any ideas ?
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Peggy
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Freddie Mac took over my loan in 2005, it was with MaMu before that.. Does Freddie Mac have to let me know that they have my loan?
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john
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Freddie Mac is your investor(the ones who gave the money to the bank to fund your loan) and always have been. Your loan can transfer to different servicers periodically. They do have to notified you if it transfers to a new servicer.
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richard
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I WAS DENIED CAUSE OF ONE PAYMENT IN JULY 2011 IM LATE EVERY MONTH WITH MY PAYMENTS BUT JUST PAST THE GRACE PERIOD NEVER 30 DAYS LATE BUT I ALSO HAVE A FANNIE MAE LOAN THE AND I HAVE A BANKRUPTY 1 1/2 YEARS AGO BANK,AND I HAVE CHASE BANK WHICK IS A SPONSER OF THE HARP PROGRAM MY ANSWER IS DO I QUALIFY EVERONE LENDER TELLS ME NO AND CHASE CANT ANSWER ME ON THAT SOMEBODY PLEASE TELL ME IF YOUVE BEEN THROUGH THIS???
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John
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It’s not reported late unless you pay past 30 days. The bankruptcy can hinder the loan approval. What Chapter did you file? and you don’t have to refi in the HARP Program with your current mortgage company. Any bank that has the HARP Program can refi you as well. So if your current mortgage company is not working with you, go somewhere else. Hope this helps!
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audrey
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our loan is with fannie mae. i did not know this till i started to refinance our home. i got in contact with my lender to lower the interest rate from a 6.75 to as lowe as i could get it. this is a fixed rate.they agreed to lower the rate at a fixed rate for 30 years. the problem is it is still not low enough to help with me and my husbands circustances. since i have only two credit cards. one is paid off. the other has some on it. my house is my biggiest debt. i save up and pay cash for small items washer etc. i have lived hard befor and i can again. no runing water,electicity,inside toliot,no air conditioning,heating system. we paid for our homes and had nothing to do with the banks. i know iam disapponied in this new system.
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Sherri
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HARP is apparently one big joke on us. I received a card in the mail from ENG Lending that said because we had a Fannie Mae loan we were pre-qualified to be refinanced through HARP 2.0. We went through the refinance paperwork and were approved. At the last minute, ENG found out that our loan had been sold by Wells Fargo Bank several times without our knowledge and was no longer a Fannie Mae loan. We had tried to refinance about 3 years ago through Wells Fargo and they wanted us to come up with thousands of dollars because we were upside down. The government has done a poor job all around with helping upside-down homeowners and the bank bail-out was a huge mistake as the banks have no intention of helping a homeowner who wants to KEEP their home.
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LS
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I do not have a Fannie or Freddie Loan. It is currently held by a bank which has multiple lenders behind it. I havea jumbo loan in the excess of $700,000+. My house value is around $550 currently. I can’t qualify for a refince when I am so underwater. A Loan Modification seems to be my only hope but I have been trying for 2 years with no success. I am at a rate of 7.5%. help! What do I do?
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Angie
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Is there any help out there for homeowners who DO NOT have Fannie Mae or Freddie Mac or FHA. My loan moved from EMC to Chase. My loan is now owned by Chase. I have called Chase to see if I quality to refinance and the answer we NO. Why? because I owe 152k and my home is worth 119k. I have prime A credit but no one will help because my house is underwater. My current rate is 8.75. Are there any programs for responsible homeowners who just want to get a lower interest rate?
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linda
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my house payment goes to ocwen my house is under water i owe 450,000 house value ??300,000
intrest 6.5%
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Leo White
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Home worth $330K Mortgage balance @ $360K with a 6.75% rate
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Lisa
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Do you have fannie or freddie? Loan before may of 2009, you might be eligible for a harp loan.
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JE
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I have the exact problem. My loan originated through EMC and is now with Chase. It is not backed by Fannie May nor Freddie Mac. I owe $163 and the home value is $110. Credit is great, never missed a payment,interest rate is 7.75. Looking to refinance with lower interest rate. I have called multiple lendors and have continuously looked for some program with no success. Any luck on finding a program on your end?
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Jeff
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I have investment property interest only on 1st and a second loan. I have enough funds to payoff 2nd loan which would leave balance 110Tusd. The market due to foreclosures is ~ 75tusd. Would Harp 3 enable me to convert 1st mortgage to fixed loan.
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lisa
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yes if you meet the guidlines.
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SS
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My loan is not owned by Freddie nor Fannie! Its a big surprise till I tried for refinance..also figured the condo is under water.
Has loan with WellsFargo interest only.. 80 mortgage (5.5%), 20 line of credit… excellent credit score(780) and payment history.. Want to pay same amount what I am paying now.. but less towards interest and more towards loan.. I would appreciate any help or advise how to proceed to save the boat!!
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Ryan Malloy
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Hi guys,
I actually am proud to work for a company that has 0 lender fees, points, junk fees, etc. We are a direct mortgage lender. However- I personally am only licensed in the state of Florida. The company does conduct business in multiple different states. Please let me know if I can help in anyway in the state of FL, or atleast try to get you to a licensed loan officer in our firm that conducts business in your state. Thanks & best of luck in your HARP 2 ventures.
Ryan
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Joan
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Would love a referral. Have a home in Phoenix area, 6.75%, no late payments ever, underwater but only slightly as the market has shifted. Excellent credit rating but no government backing on the loan. Would love an option to refinance and drop payments.
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Marie
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I need to refinance a rental property in FL. Would love to hear about your programs.
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Mark
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Marie,
I too am trying to refi a rental property; no one will finance it unless it is fannie or freddie backed. If not, we must have LTV 75% or less. Conventional is the only other way, which will cost us $3k or more depending on LTV. Good luck and please post if you find anything!
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Shovonne Pearson
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I am in Michigan and supposedly qualify for Harp 2.0 refinancing. Do you have any referrals? Thanks. -sp
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wendi
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I am in the same boat as SS and live in Georgia. Can you refer me to someone in my state?
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