Loans, Debt & Credit - View Single Post - Are your chances better at getting modified if Fannie or Freddie "own" your loan?

litehouse01 · 09-22-2009, 10:10 PM

I was wondering if anyone had any idea if you stand a better chance of a perm mod if Fannie or Freddie actually "own" your loan? I saw where you can go to Frannie or Freddie's webite and plug in your address and it will tell you if they (fannie or freddie) actually "own" you loan. Since these are both GSE's does it help not having to deal with another bank as the investor per say like bofa or some of the others? It would seem from some of the posts it gets a little sticky when another bank is involved as the investor/ chase being the servicer. Any thoughts?????

09-22-2009, 10:10 PM	#1 (permalink)
litehouse01 Senior Member Join Date: Sep 2009 Location: By the Beautiful Cheasapeake Bay Posts: 1,247 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Are your chances better at getting modified if Fannie or Freddie "own" your loan? I was wondering if anyone had any idea if you stand a better chance of a perm mod if Fannie or Freddie actually "own" your loan? I saw where you can go to Frannie or Freddie's webite and plug in your address and it will tell you if they (fannie or freddie) actually "own" you loan. Since these are both GSE's does it help not having to deal with another bank as the investor per say like bofa or some of the others? It would seem from some of the posts it gets a little sticky when another bank is involved as the investor/ chase being the servicer. Any thoughts?????