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How Can I Find Out What My Mortgage Sold For?

by RobertoDiaz435 from Desert Hot Springs, California. 4 days ago Reply


Hi there,You can try the following links:http://www.fanniemae.com/loanlookup//http://www.freddiemac.com/mymortgagePlease let me know if it worked for you

4 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,454 contributions

Your question is confusing.. Your mortgage or your home? If you've been informed that your mortgage sold, then typically, you will never know how much.. but it almost never sells for the face/outstanding value.. if it's a relatively new mortgage, then it will sell for higher than face value.. if it's an older mortgage, then it most likely sold for less than face value.. but regardless, you will never know.... if you want to know what your home sold for then, look it up online.. the county recorder, or the tax assessors office is most counties record all sold properties.. . I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

3 days ago
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Larry Gray (lgray_312_247)
#1 ranked lender in California - 940 contributions

Did either of the two comments thus far help answer your question? It is hard for any of us to be sure what your question refers to. Even large banks will sell mortgages to fannie mae or Freddie mac though perhaps only a small percentage of their loan portfolio. Mortgage loans are valued obviously for the interest made on the loan and when they are sold there is a set price that fannie mae or Freddie mac pays for the loan. Now, it may be a specific lender or bank that purchases the loan and they do the deal with fannie mae or Freddie mac while retaining the servicing of your loan. If your loan is not a fannie mae or Freddie mac loan then the bank/lender keeps it in their portfolio. Sometimes, it could be packaged with other loans as purchased by an investor. That is why when people tried to negotiate better terms after suffering financially due to the recession of 2008, banks often had to consult with the investors and were somewhat powerless on their own to negotiate. Eventually fannie mae and Freddie mac, controlled by the FEDs, joined in HARP to enable people to refinance into better terms even though their property was "under water" in value and not otherwise eligible for refinancing.

3 days ago
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