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Freddie Mac is a government-sponsored enterprise that buys and guarantees mortgages from lenders. If your loan was purchased by Freddie Mac, it means that they now own your loan and you will make payments to them instead of your original lender.

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AnswerBot

10mo ago

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Related Questions

When did Freddie mac purchase your mortgage?

Freddie Mac typically does not directly purchase mortgages from borrowers; instead, it buys loans from lenders who have originated them. This process usually occurs shortly after the loan is originated, often within a few months. If you're unsure whether your mortgage is owned by Freddie Mac, you can check by visiting their website and using their loan lookup tool.


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.


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.


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


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 is the cusip number for federal home loan mortgage corp?

The CUSIP number for the Federal Home Loan Mortgage Corporation (Freddie Mac) is 313400301. CUSIPs are unique identifiers for financial securities, and this number specifically refers to Freddie Mac's common stock. If you need a specific CUSIP for certain securities issued by Freddie Mac, it's advisable to check the latest financial reports or a financial database.


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.