Loan Modification Forum - LoanSafe.org - View Single Post - Anyone know if pre-payment penalty can be waived?

Moe Bedard · 02-18-2009, 07:45 PM

You can ask CW and see if they will let you know who the investor is........

An FHA loan is one loan and it begins as FHA and it stays as FHA...................that is what you specifically apply for when you purchase or refi.............

Fannie and Freddie back conventional loans............

If the 80% part of the loan is under 417K......it could be Fannie or Freddie........but their were other investors that also bought these type of loans.

02-18-2009, 07:45 PM	#4 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Anyone know if pre-payment penalty can be waived? You can ask CW and see if they will let you know who the investor is........ An FHA loan is one loan and it begins as FHA and it stays as FHA...................that is what you specifically apply for when you purchase or refi............. Fannie and Freddie back conventional loans............ If the 80% part of the loan is under 417K......it could be Fannie or Freddie........but their were other investors that also bought these type of loans. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.