Comment

Comment by Kevin - Greenville, SC on April 10, 2012 at 4:42am

with this caveat - 

8. Are there any Fannie Mae-owned loans that won’t be found in the Fannie Mae Loan Lookup?
Yes. The database for the Fannie Mae Loan Lookup includes about 87 percent of our book of business. The database excludes reverse mortgages and certain other product types, and a few other loans are excluded for miscellaneous reasons.
The Loan Lookup database will be updated monthly, so any loans delivered to Fannie Mae since the last update will not find an accurate match. For these reasons, we encourage borrowers to confirm the results with their servicer.
9. Are there cases in which a borrower might get a “No Match Found” result even though Fannie Mae owns their mortgage?
Yes. The loan could be in our database, but have inaccurate or incomplete information. Properties in multi-unit buildings, such as condos, are especially prone to matching errors because our database may contain only the building address, but not the unit number. Also, there may be a misspelled street name or other error. The database reflects the loan data as it was delivered to us.

Finally, any user error in entering the address information could result in an incorrect result.
For these reasons, we encourage borrowers to confirm the results with their servicer.

Comment by Bryant Tutas on April 10, 2012 at 12:08am

hi Cheryl. Just use the FannieMae loan look up tool here

http://www.fanniemae.com/loanlookup/

Comment by Cheryl Bray on April 9, 2012 at 6:59pm

How can i find out definitely whether a loan is Fannie mae or not?  I want to believe the Green Tree email below but i've gotten 3 no's and a yes from customer service.  Should be easy, right?  Fannie mae look up says no, Green Tree Servicing 1st said no, not Fannie (when trying for HARP refi this was reason for decline!),   But then today,   Green Tree Customer Service sends this written email:  

From: [email protected]

Subject: Investor

Date: April 9, 2012 8:56:17 AM PDT

To: [email protected]

Thank you for your recent inquiry.  The account shows as a Fannie Mae loan.

If you have additional questions, please contact our Customer Service at
(800) 643-0202, Monday - Friday, 7 a.m. to 8 p.m., and Saturday 7 a.m. to 1
p.m. CST.

Comment by Jeanine Whitehead on March 28, 2012 at 5:34pm

Has anyone ever worked with Ameriprise Financial?

Comment by Tara Samney on March 26, 2012 at 10:53am

@Ben

Thanks!  What kind of turn around time did you have from the time it was submitted to the servicer?  Thanks!

Comment by Ben Racela on March 26, 2012 at 10:50am

@ Tara

I had a few instances of this senario.  What has been my experience is that the lender will lower the purchase price to meet the appraisal.  After all the amount of the loan will be based on the appriasal value.

Comment by Tara Samney on March 26, 2012 at 10:46am

Buyer's appraiser called me saying he is about 8% short of appraising for amount bank wants (and buyer agreed to).  I thought this could happen but buyer's agent presented an offer at the high amount to be sure his client got it (I had it listed lower). I gave the servicer a heads up that I expect appraisal to come in low and asking for next steps.  Will they just take appraisal and lower approval price to it?  Servicer is NationStar and investor is Freddie Mac. Appraiser is correct, comps don't support the high price but buyer was willing to pay it. Thanks!

Comment by Doug McVinua on February 20, 2012 at 2:38pm

Kay

You are a classic Short Sale in Arizona.  Not sure what state you are in as that is important in the mix of things.  Sorry you have RA, my daughter has RA also and we deal with her chronic issues. 

Comment by Tara Samney on February 20, 2012 at 2:18pm

Kay, if you hold on to it the mortgage and perhaps rental income needs to get considered for your qualification for new loan. check with your lender for new house.

Comment by Tara Samney on February 20, 2012 at 2:09pm

Kay, how much land are you on?

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