Who Owns My Loan?

Who Owns My Mortgage?

When trying to contact your lender to work out a payment plan or some other deal, knowing who owns your mortgage can be very helpful. Unfortunately finding out is not as easy as it sounds. You should be able to call the phone number on your last mortgage statement or the number in your payment coupon book and connect directly with your lender.

To add to the confusion, the mortgage meltdown sank many banks and other lending institutions which were taken over by other banks or regulators.

So, what should you do if you’re trying to track down your lender? Take the following approach:

1. Call the phone number on your most recent mortgage statement or your payment coupon book. This will put you in touch with who may be the lender that owns your mortgage or at least be able to tell you the name of your lender. (Remember, the person may not know or may not be permitted to tell you.)

2. If you have an FHA loan, contact FHA’s National Servicing Center to determine who owns your mortgage:

(800) CALL- FHA / (800) 225- 5342

Email hsg-lossmit@hud.gov

Department of Housing and Urban Development National Servicing Center 301 NW 6th Street, Suite 200 Oklahoma City, OK 73102

3. You can try to contact Fannie Mae. If they own the note, they may provide the identity of the investor: 1-800-7FANNIE (1-800-732-6643).

4. If the mortgage is listed as MOM or has a MIN (Mortgage Identification Number) assigned to it, you can search the MERS database by mortgage identification number (MIN), your name and social security number, or the property’s address. Dial the toll-free MERS Service Identification System at 888-679-6377 (an automated touch-tone system) or search online.

One of the most important steps to saving your home from foreclosure is to get in touch with your lender immediately and to call a Realtor to ask for help.

I specialize in working with buyers looking to buy and invest in Real Estate in Northern Nevada and the Gardnerville Nevada area. So please call Dan LaPorte, REALTOR® with Century 21 at 775-783-7372 or email me @ c21homehunter@gmail.com or go to my website www.nevadahomehunt.com

Tags: department of housing and urban development, fannie mae, fha loan, foreclosure, lending institutions, mortgage meltdown