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What else can I help you with?
What is a LP Mortgage?
LP Stands for Loan Prospector, This is a full feedback Certificate , under Freddie Mac reflecting the borrowers eligibility or restrictions on a refi or purchase and debt to income ratios or type of mortgage to evalute borrowers ability to qualify for a loan under freddie Mac
Can you buy a home owned by Freddie Mac with a Fannie Mae loan?
No
What is the maximum debt to income ratios for a Freddie Mac loan?
45
What type of loan does Freddie Mac provide?
Freddie Mac is a government-sponsored corporation that buys home mortgages and sells them as mortgage-backed securities.
Is BAC Home Loans Servicing a Fannie or Freddie mac loan?
BAC Home Loans Servicing refers to the servicing arm of Bank of America, which handles various types of mortgage loans, including those backed by Fannie Mae or Freddie Mac. Whether a specific loan is a Fannie Mae or Freddie Mac loan depends on the individual loan's characteristics and the investor backing it. To determine the specifics of a loan, you would need to check the loan details or consult with the lender directly.
What is a LP Mortgage?
LP Stands for Loan Prospector, This is a full feedback Certificate , under Freddie Mac reflecting the borrowers eligibility or restrictions on a refi or purchase and debt to income ratios or type of mortgage to evalute borrowers ability to qualify for a loan under freddie Mac
Where can someone purchase Freddie Mac stock?
One can purchase Freddie Mac stock directly through a bank's stock purchasing service or through a broker. Freddie Mac trades on the OTC stock market and their ticker symbol is FMCC.
Can you buy a home owned by Freddie Mac with a Fannie Mae loan?
No
What is the maximum debt to income ratios for a Freddie Mac loan?
45
What type of loan does Freddie Mac provide?
Freddie Mac is a government-sponsored corporation that buys home mortgages and sells them as mortgage-backed securities.
who own / finance Litton loan. Is it Fannie May or Freddie Mac?
Fannie Mae owns Litton Loan
Is BAC Home Loans Servicing a Fannie or Freddie mac loan?
BAC Home Loans Servicing refers to the servicing arm of Bank of America, which handles various types of mortgage loans, including those backed by Fannie Mae or Freddie Mac. Whether a specific loan is a Fannie Mae or Freddie Mac loan depends on the individual loan's characteristics and the investor backing it. To determine the specifics of a loan, you would need to check the loan details or consult with the lender directly.
Stock symbol for Freddie mac?
The Federal Home Loan Mortgage Corporation, more popularly known as Freddie Mac, has been around since 1970. Its stock symbol is FMCC.
Do you have a deficiency balance in a short sale?
yes only if Fannie Mae/Freddie Mac Backed loan, I believe you can/can not be late if conventional loan
What are the advantages of jumbo home mortgages?
A jumbo home mortgage loan is one that is over the standard loan limits set by government sponsored lenders such as Freddie Mac. The biggest advantage to this type of loan is the borrower is allowed to borrow more and is able to purchase a more expensive house.
What is a jumbo loan?
Jumbo loans are loans that fall outside Fannie Mae and Freddie Mac loan limit guidelines. Therefore they are considered non-conforming loans that Fannie and Freddie will not purchase. Today the limit is $417,000 in most of the country but may reach $729,750 in areas the government has designated as High Cost for single family homes.
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
