Who Owns My Mortgage?

There are many reasons why you might need to take steps to learn who owns your mortgage loan. When you apply for a home loan at the lender of your choice, that financial institution “owns” your loan. But things can change-a financial institution could be purchased by a larger company, the loan itself may be sold off to another financial institution, etc.

When you need to apply for FHA refinancing, an FHA reverse mortgage, or other type of loan that requires your existing mortgage data, you may need to look up who currently owns your mortgage loan.

This is especially true for those looking for loan modification help through a government program such as the Obama mortgage, Making Home Affordable, or other programs. Some foreclosure avoidance programs are only for loans owned by Fannie Mae/Freddie Mac. Others may have different requirements. Some may only apply for certain types of loans.

So who owns your loan?

For some programs such as loan modifications offered via Making Home Affordable, you can contact Fannie/Freddie to see if your loan is owned by them. This type of program requires the borrower to have a loan owned by either Fannie Mae or Freddie Mac in order to qualify. You can contact them at:

1-800-2FANNIE (8am to 8pm EST)
KnowYourOptions.com/loanlookup

1-800-FREDDIE (8am to 8pm EST)
FreddieMac.com/mymortgage

For help determining who owns a non-Fannie/Freddie loan, you should contact your lender. If you believe you have an FHA mortgage, you can call the FHA directly at their toll-free number to learn what your FHA loan case number is, or check your loan documentation. Having an FHA case number handy may be helpful in tracking down who the current owner of your mortgage loan might be.

One last thing about the Making Home Affordable program-if you are in need of assistance with loan modification, there is a list of financial institutions who have agreed to participate.

You can look up the current list at the government’s official website at https://www.makinghomeaffordable.gov/get-answers/Pages/get-answers-how-contact-mortgage-company.aspx. You can contact your mortgage company directly to request assistance with a possible loan modification.