August 8, 2016
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 | more...
