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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

5mo ago

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Related Questions

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


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 the population of Freddie Mac?

Freddie Mac's population is 5,300.


When was Freddie Mac created?

Freddie Mac was created in 1970.


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