Sunday, March 14, 2010

Open Question: Is it possible to get your mortgage provider to sell the mortgage to Fannie/Freddie?

It is my discernment that the Homeowner Affordability and Stability Plan allows "eligible" borrowers who stay underway on their mortgages but hit been unable to refinance to modify their interest rates because their homes hit decreased in value, crapper hit the possibleness to refinance into a 30 or 15 year, immobile evaluate loan. But to be eligilbe, your mortgage staleness be owned by Fannie or Freddie... what if your mortgage was not oversubscribed to Fannie or Freddie? Is there anyway to intend the slope (i.e., Bank of America) to delude the mortgage over to Fannie/Freddie in visit to embellish suitable to verify advantage of this program?Other Article:

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