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What else can I help you with?
How can you find out if your mortgage is insured by fannie may or Freddie mac?
FNMA & FHLMC are not insurers they buy mortgages in the secondary market. FNMA & FHLMC can "own" your mortgage but your mortgage would be insured by a "Private Mortgage Insurance" (PMI) Company.
What does the term jumbo mortgage refer to as it relates to home mortgages?
A jumbo mortgage is a term used to describe a home mortgage that is bigger that most mortgages. These mortgages exceed the amount that the FNMA and FHLMC will purchase.
Where did the names from Fannie Mae and Freddie Mac originate?
Popular spelling "say as you hear" Fannie Mae = Federal National Mortgage Association - FNMA Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC
What is the meaning of the name Freddie Mac?
The company is called "Federal Home Loan Mortgage Corporation". The abbreviation is FHLMC, which should, but does not, sound like "Freddie Mac" See also Federal National Mortgage Association (FNMA)= Fannie Mae.
How do you abbreviate Freddie Mac?
Freddie Mac is abbreviated as "FHLMC," which stands for the Federal Home Loan Mortgage Corporation. This abbreviation reflects its status as a government-sponsored enterprise involved in the mortgage market. The acronym is commonly used in financial contexts and discussions related to housing finance.
What does held harmless mean in a home mortgage?
In a home mortgage, hold harmless means that a person knows that they accept all of the risks of the home mortgage. This includes any and everything that may happen while the mortgage is being held.
What bank is servicing the mortgage held by first nationwide mortgage?
First Nationwide Bank
What is copyright mortgage?
it is a security interest held on a copyrighted property. Much like a mortgage is held on real property (your home) as collateral when you borrow money from the bank, a copyright mortgage secures debt using a copyright as collateral.
Can a mortgage company report a foreclosure?
Yes. A foreclosure can be reported by the entity that foreclosed, by the servicing agent for the entity that owned the mortgage when it was foreclosed or by a mortgage company if it held the mortgage when it was foreclosed.
Where might one find mortgage companies?
There are many places where one might find mortgage companies. One might find mortgage companies at popular on the web sources such as My Mortgage and 123 Mortgages.
Where can I find a mortgage affordability calculator?
You can find a mortgage affordability calculator at the following websites...www.zillow.com Mortgage Rates Mortgage Calculators or cgi.money.cnn.com/tools/houseafford/houseafford.html
Where can one find a free simple mortgage calculator?
There are a variety of places that one could find a free simple mortgage calculator. A free simple mortgage calculator can be found at HSH to compare rates of mortgage and to find the calculation of mortgage costs.
