what is fnma enhancements letter 2021 what is fnma enhancements letter 2021

People may receive compensation for some links to products and services on this website. How the letters are sent . Just like when you get a speeding ticket. To: Multifamily Lenders . As mentioned above, you can contact Fannie Mae safely and directly on their website if you have any questions or concerns. This is often the amount of equity you'll need if you want to do a cash-out refinance, too. Letter as necessary. Instead, go straight to the Fannie Mae website and contact them from there. ProFed members are reporting thatthey havereceivedletters in the mail telling them to call a numberregarding their mortgage before a certain date to benefit from a cash disbursement, shortened payment term, or lower mortgage payment. Standard: A residential condominium that is operated as a multifamily property and the borrower owns all of the units in the building (or other designated area). Share: Fannie Mae and Freddie Mac are government-backed mortgage companies created by the U.S. Congress. Just got a letter from my mortgage administrator, Fannie Mae backed mortgage, saying that I may qualify for a $3000 payout, lower monthly payment and shorter term due to FNMA enhancements. %PDF-1.6 % vG6YikU] ")/~62x[1x A`Q n\ 5`uB^b`G' ,br=x^Wg[!3R'7$>6hmk{eW.> [ bEG\~*2/od-kW,RM/mo8F;Ol2?P` They are the same. Yes, thats my hope. January 14, 2021 Fannie Mae will be implementing the following enhancements to DUS Disclose on January 29, 2021: Updated Portfolio Functionality: Upon activating the Deal Paydown Alert for the portfolio, the alert will display in the portfolio when the factor for a security within the portfolio goes to zero on Business Day 4. So glad you found this helpful. For an interest rate swap, you must determine and advise Fannie Mae if the Borrower's interest rate hedge payment obligations are supported by a: Fannie Mae collateral agreement or credit enhancement instrument; or endstream endobj 730 0 obj <>stream Also The letter looks very authentic, and it could easily fool a lot of people especially the elderly. Feb. 01, 2023. The other major reason sellers don't like FHA loans is that the guidelines require appraisers to look for certain defects that could pose habitability concerns or health, safety, or security risks. These may not qualify as full-fledged scams but they're still deceptive marketing. If so, let us know in the comments below! 0 %%EOF and contain the line "Notice of FNMA Enhancement." The letters ask you to call 1-833-782-0648 and warns you to call before a certain date to secure economic benefits. Just got a letter from my mortgage administrator, Fannie Mae backed mortgage, saying that I may qualify for a $3000 payout, lower monthly payment and shorter term due to "FNMA enhancements". Exactly the same as the letter I received. FHA loans are insured by the Federal Housing Administration, and conventional mortgages aren't insured by a federal agency. what is fnma enhancements letter 2021shaun thompson elmhurst Consultation Request a Free Consultation Now. x]Mj0>`OJ`S The FNMA DUS Loan Program is also used as a Fannie Mae Credit Enhancement, a tax exempt bond issue of a state or local housing finance authority that is providing multifamily affordable housing. This is a question our experts keep getting from time to time. MBS Overview Creating a single-family MBS begins with a mortgage loan. Has anyone else received something like this? Please have eligibility code ********* ready when calling our Enhancements Help Desk to discuss your new loan information. Multifamily Mortgage Business Lender Letter 2 1-02 . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2023 by The Law Offices of Gerstenfield & Demirji, PC. Look carefully, I'd be willing to bet it's not actually from your current lender. Mar 16, 2021 153 Dislike Share Save Scamadviser 26.7K subscribers If you get a notice of an FNMA Enhancements letter that offers you some loan, then please watch this video because it could. hbbd```b``"WH uX," ``r5Bz^ 9&WM D ] REH2j` RHONw ;~ What is One Benefit of Privately Issued Student Loans. No products in the cart. If you call the number listed, it may connect you to an automated recording or a person. endstream endobj startxref Create an account to follow your favorite communities and start taking part in conversations. The bottom of the letter states that, "This is a third-party offer from JFQ Lending, Inc.". not be subject to recourse, repurchase agreement, indemnification, outstanding repurchase demand, or credit enhancement (unless the new loan is also subject to the credit Nailed it. Beware of specific indicators that require you to takespecific actions in an urgent matter. to replenish their funds. provide Fannie Mae with copies of the existing interest rate hedge documents. These changes will generate economic benefits for those, like you, who have a conventional mortgage. Conventional loan down payment requirements The minimum down payment required for a conventional mortgage is 3%, but borrowers with lower credit scores or higher debt-to-income ratios may be required to put down more. Beware of specific indicators that require you to take specific actions in an urgent matter. (301) 589-9500, I have read and understand the disclaimer. No matter what financial questions you have, we're here to work with you on your terms. ProFed is not responsible for the content of the alternate website. JFQ is trying to get you to refi with them. %%EOF "|b?5:Tx|DC6+Q8rW,XU^. Providing a $500 credit from Fannie Mae to the lender at the time the loan is purchased if an appraisal was obtained for the transaction. If youre looking to consolidate a student loan, check out our article: Top 7 Student Loan Consolidation Companies Lower Your Monthly Payment Today. HWN9weRTUP@]CbLEIUmHGMdNrt\`g}Vw;O$slxH&_)5Sa^S&nGInS6yx62+ H]G {|JTsw!P2L9m7G-p8k .D SB2(YjJm,R I received a letter last week, was looking at it just now and found this post. Fannie Mae is also reminding servicers to submit to Fannie Mae all servicer-approved mortgage loan modifications in HomeSaver Solutions Network (HSSN) as "closed." Learn about our RefiNow enhancements: https://t.co/1DECdVYLF6 pic.twitter.com/odt9xm75Nc. A mortgage with a loan-to-value ratio up to 97%, a debt-to-income ratio of 65% or less, and a minimum 620 FICO score. The FNMA, more popularly known as Fannie Mae, is a government-sponsored, publicly traded enterprise. .zip Form 1209: Green Retrofits Certification 1/19/2021.pdf Form 1301: Diverse Borrower Questionnaire 4/15/2021.pdf Form 1302: Diverse Borrower Certification 4/15/2021.pdf Form 6011: Waiver of 50-page Limit for SBL Appraisal 6/27/2019 To view this form, download and open the form in Adobe Reader Fannie . Its operation makes affordable mortgages available to low-income Americans. I believe it is a legitimate communication from my lender, and Im curious as to why Im receiving it. Fannie Mae Single-Family MBS November 2021-F S 2 1. This. So, feel free to use this information and benefit from expert answers to the questions you are interested in! Enhancements indicate positive changes, which Fannie Mae is always making. In any case, it's best to contact your lender and inquire about any special benefits being offered. Menu ceramic cutting tools advantages and disadvantages. Have a great day and thanks for your thoughtful comment! Understanding Stock Market Terms, How to Make Money With a Drone: Earn a Full Time Income, How to Make Money on Maternity Leave Our Top 10 List. I've been getting nonstop predatory refi offers on a weekly basis this year. Freddie Mac was chartered by Congress as a private company serving a public purpose. the villa pacific palisades, ca. This program provides low borrowing cost, flexible structures, and a . Data Collections User Interface: For easier navigation on this page, we are adding the ability to collapse and expand the different file sections. endstream endobj 729 0 obj <>stream Fannie Mae can be reached at 800-232-6643 or Fannie Mae's website. If you call it, remember not to share any personal information, as it could result in a spam attack and financial loss. I also got a letter from JFQ lending. To enhance this particular program, FNMA expanded its eligibility back in June 2021. In addition, we do not sell or distribute your personal information to non-affiliated third parties. Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the government sponsored entity said in a letter to sellers on Wednesday. Y=c+,ra The letters also urge you to call a number. Fannie Mae and Freddie Mac also have differences in lending requirements and programs. A scammer is using their name and instead of calling the actual company, you will be calling them if you use the phone number in the notice. My mortgage was sold to another lender as often happens, last month. FNMA is actually short for the Federal National Mortgage Association. 747 0 obj <>/Filter/FlateDecode/ID[<7C8F0A75F12966458171E2DDD3BE6982><305DC1B236721E44841681C527C5CCA0>]/Index[724 58]/Info 723 0 R/Length 113/Prev 208454/Root 725 0 R/Size 782/Type/XRef/W[1 3 1]>>stream "Recent amendments to. Just got one, they used a little window in the envelope to call it a "Notice of FNMA Enhancement" and list my current lender's name, making it seem like it was from them. @ >/Metadata 29 0 R/Pages 722 0 R/StructTreeRoot 48 0 R/Type/Catalog/ViewerPreferences 748 0 R>> endobj 726 0 obj <>/MediaBox[0 0 612 792]/Parent 722 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 727 0 obj <>stream Freddie Mac HFA Advantage mortgage is a high loan- to-value (LTV) conventional offering that's an excellent alternative to FHA lending requirements and mortgage premiums. Powered by Loebig Ink, LLC, Home | En Espanol | Site Map | Disclaimer, 8720 Georgia Avenue, Suite 301 | Silver Spring, Maryland 20910, Maryland Criminal Defense Crimes and Procedure, Domestic Violence Maryland Criminal Defense Attorney, Manslaughter Maryland Criminal Defense Lawyer, Second Degree Murder Maryland Defense Lawyer, Child Pornography Maryland Sex Crime Lawyer. Note: Due to the number of homeowners positively affected by these changes, call volume may be high. hbbd```b``l6V "9A$XDLlm~d-U@dX=)$= R2_cv &30x? Do you use an apostrophe in seasons greetings? They perform an important role in the nation's housing finance system to provide liquidity, stability and affordability to the mortgage market. They prominently list your lender's name and maybe other official info, but probably got it from public records. If you want to get rid of private mortgage insurance, you'll likely need 20% equity in your home. Our experts have done a research to get accurate and detailed answers for you. The property must be a one-unit primary residence including single-family residences, townhomes, and condos. Utilizing this new service could get homeowners $271 /mo*or$3,252*per year! 'gW7Kq5k; b May 5, 2021 RefiNow Expands Eligibility to Help More Homeowners Reduce Their Monthly Mortgage Payment WASHINGTON, DC - Fannie Mae (FNMA/OTCQB) today issued additional details about its new RefiNow option, which is available for qualifying homeowners with a Fannie Mae-owned mortgage beginning June 5, 2021. What is the purpose of FNMA? Please also note the account number in the letter does not match your account number with ProFed, indicating a scam. [Vf0K0Yo|e;I& k EP$wIGi1[Fphf! ?/fG_X$d#evUd:ev]|oXTtvS^\TzlWR4?BPF8\iS1TRm>'@xa6aG25N&/p > aa-QXj v Frge:XEX@D7f(a p*s:5Zndm>lTMm5=.uZ,ob'T$XX$b@yI4%Hq%-;d9-F4mex|s2}-b|R-D6OkkS16llh6]B~%|d(ISnlnkr? Homeowners are advised to take advantage of a new Mortgage Stimulus Program before its gone. Always verify before you do anything. We partner with lenders to create housing opportunities for families across the country. It was designed to help re-start the housing market after the Great Depression. If you click the 'link' in the body of the destination link above, the wording of the letter I received today is verbatim. %PDF-1.7 % Fannie Mae says that conventional loans typically require a minimum credit score of 620. Subject: Lender Letter 2 1-02 - Loan Document Update . Borrowers must have a Fannie Mae-backed mortgage for their house, where they must live. The letter identifies your mortgage servicerthe company responsible for collecting your monthly payments on our behalf and providing customer service. Saw this while I was on hold with the . Fannie Mae's "RefiNow" program aims to lower the interest rate homeowners pay on their mortgage, and, therefore, the amount they pay monthly. 0 Indicates that the security is backed by loans that meet one of the defined Sustainable Impact Criteria found in Fannie Maes Sustainable Bond Framework, including Restricted Affordable Housing and Manufactured Housing Communities. These modifications, which change the conditions of existing loans to help borrowers avoid defaulting on their mortgages, could include lower interest rates or extending the term of the loan to reduce monthly payments. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. The letters appear to come from JFQ Lending. Conventional loans are the mortgages purchased by the government-sponsored enterprises of Fannie Mae and Freddie Mac. When determining eligibility criteria for the Fannie Mae Flex Modification, the mortgage loan must not have been modified three or more times previously, regardless of the mortgage loan modification program or dates of prior mortgage loan modifications. Company Information; FAQ; Stone Materials. Fannie Mae provides credit enhancement for tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of affordable housing multifamily properties with Low Income Housing Tax Credit (LIHTC) rent restrictions. Credit Enhancement Instrument Agreement between Fannie Mae and a Bond Trustee where Fannie Mae provides credit enhancement of a Credit Enhancement Mortgage Loan, Bonds issued to finance a Credit Enhancement Mortgage Loan, or an Interest Rate Hedge Agreement; and if applicable, a Bond liquidity facility. It looks like nothing was found at this location. One red flag to watch for, according to ProFed, is the account not matching your account number. Please ignorethe letter anddispose of it like youwould any other junk mail. Enhancements indicate positive changes, which Fannie Mae is always making. Just put that same letter through the shredder. Beware of specific indicators that require you to take specific actions in an urgent matter. 3, 2020. Wow, the letter is practically the same letter I got! We have reviewed severalof these letters and can confirm it is a scam. Freddie Mac can be reached at 800-373-3343 or Freddie Mac's website. 8720 Georgia Avenue, Suite 301 Silver Spring, The Selling Guide has been updated to include changes to the following: Cash-out refinance eligibility: implements new eligibility requirements for cash-out refinance transactions. audience tickets 2021. forge of empires have less than 10 population available; caddyshack 2 worst slice; union county, nc deck building codes; . Borrower Owned Unit for Fractured Condo Regime. The lender must pass the credit to the homeowner. 11/29/2012- Fannie Mae Lender Letter 2012-11 Confirmation of Conventional Loan Limits for 2013 Please do not send personal/financial information via this method. Scammers can get your contact information by searching through these records. It also lists resources we offer to inform and assist you, especially if you ever have a financial hardship or need help recovering from a natural disaster. Lower-income borrowers typically refinance at a slower pace than higher-income borrowers, potentially missing an opportunity to save on housing costs. The difference between a FHA and Fannie Mae loans are that the FHA insured loan is a loan by The US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by a . No other attorney, will fight harder for your freedom! Very misleading and deceptive practice. 724 0 obj <> endobj This helped a lot! It should be noted that Fannie Mae's obligation under this guaranty is solely Fannie Mae's and is not backed by the full faith and credit of the U.S. government. Press question mark to learn the rest of the keyboard shortcuts. Posted: November 23, 2021 in Credit Union Updates. (% .^Bz 4SW5S_8hXEP` The eligibility criteria for this refinancing include: Its now easier for more lower-income homeowners to take advantage of historically low interest rates and save on their monthly mortgage payments. It is important to note that both JFQ Lending and Intercontinental Capital Group Inc. are legitimate companies, but they are not the ones behind the FNMA Enhancements mortgage notices that are being sent to you. Indicates if the mortgage loan may/will be cross defaulted and/or cross collateralized in the future with another mortgage. Our ESG strategy builds on our mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America. I think the more people that can warn others the better! Freddie Mac buys home mortgages, primarily from smaller banks and savings and loans. 738 0 obj <>/Filter/FlateDecode/ID[<15FA173914A31E40A435E7287B3C4E37><9EEB683B2C048443932D0A77DAA29425>]/Index[710 49]/Info 709 0 R/Length 126/Prev 223353/Root 711 0 R/Size 759/Type/XRef/W[1 3 1]>>stream Many people have received letters titled Understanding FNMA Enhancements. Some of these letters cite home loans from McKesson Emps Federal and JFQ Lending. efPl`.Rb)cSO Youre very welcome and I totally agree that we are in a time when it is easy to fall victim to these scams. Both reasons have to do with the strict guidelines imposed because FHA loans are government-insured loans. This citation states that using these . Do not share your personal information under any circumstances. Hopefully no one falls for this crap. Fannie Mae was chartered by U.S. Congress in 1938 to provide a reliable source of affordable mortgage financing across the country. We support mortgage lenders in providing mortgage financing to help people buy or rent a home. Then elsewhere it says, "Proposed Lender: JFQ Lending, Inc." Deceptive marketing. Fannie Mae and Freddie Mac also have differences in lending requirements and programs. The letters ask you to call1-833-782-0648and warns you to call before a certain date to secure economic benefits. Fannie Mae makes money partly by borrowing at low rates, and then reinvesting its borrowings into whole mortgage loans and mortgage backed securities. They perform an important role in the nation's housing finance system - to provide liquidity, stability and affordability to the mortgage market.They provide liquidity (ready access to funds on reasonable terms) to the thousands of banks, savings and loans, and mortgage companies that make loans to finance housing. Offers may be subject to change without notice. Another name you most likely know this organization by is Fannie Mae. This is the actual letter Ireceived. View more posts about Credit Union Updates. manchester united annual turnover; what dallas city council district am i in This eliminates that possibility of being scammed by any fake FNMA Enhancement promises. If Fannie and Freddie were allowed to fail, experts agreed that the housing market would collapse even further, paralyzing the entire financial system. Be aware of the "Understanding FNMA Enhancement" letter scam. Any aggressive enhancements made to Fannie Mae eligibility will always be listed on their website, as well as information on whether you qualify or how you can take advantage of these enhancements. I get these every few months and I think it's a sketchy way to pitch a refinance. antigen test folkestone; celina ohio high school football stadium; rusty coones height; couple painting easy; outlander birthday cards; what countries have the same climate as britain Lender Letter (LL-2021-02) Updated: May 4, 2022 To: All Fannie Mae Single-Family Servicers HIGHLIGHTS Fannie Mae is announcing updates to the Loan Documents which may be used immediately and must be endstream endobj startxref Conventional Loans A conventional loan is a mortgage that's not insured by a government agency. I appreciate the info. The FNMA Enhancement Notice letter appears completely legitimate, but Ihave learned over the years to be skeptical of anything that arrives in the mail, so I decided to do some digging. I wish they would Just Fucking Quit Lending. A general rule of thumb is that you should have at least 20% equity in your home if you want to refinance. ~L+w&7K5)1M~2L!v"%P\`X0IrmxA"@c|8dbnu`!*O2d(g19{V+z *gzQ;7QD>+9m U@0K.2"q7Cx"86 Bf"f'MHPwr/IYB]\`X; Ad8v9WK WM?DjxvA0H1TNVfkXSHffZ)% pj1774H'7Tl wpg>v%|m}SXy 2Y{[ 4bI5Ux| ^#%$HJM_f WyBSbxzu}9J^bs6jg`g3iW#t|+zd{i0q"3&Nge},2XRYS,R ho{dlrgejjfyKKL4C9F1]WEbX1QBj ch($L8+0Q$'~l6-U1;S|PhKObBKTMDr]D^D |jo'PchOhGLyg$s4|wIbHo&TcU O$ w3>#ZPuC^yFq.Y6mr}8LTE! , mine was sold many many years ago and they still got the mortgage company wrong. A Fannie Mae-backed mortgage secured by a 1-unit, principal residence; A current income at or below 80% of the AMI (not the income as of origination of the original loan); Not missed a mortgage payment in the past six months, and no more than one missed mortgage payment in the past 12 months; and. Some letters may describe a third-party offer from a particular lender that's not approved nor affiliated with your current mortgage lender, the FNMA, or any other government agency. Theletters appear to come from JFQ Lending. Our team has collected thousands of questions that people keep asking in forums, blogs and in Google questions. It's important to note that information about mortgages is on public record. Vh4M &sYkf9r}\yB 4'N6`E?F7\eiyA,@$9\nftlc3c`fMDzy:/`M4Y B1. Welcome to Sharing Culture! Chinese Granite; Imported Granite; Chinese Marble; Imported Marble; China Slate & Sandstone; Quartz stone Maryland 20910, Do you have any questions? Fannie Mae buys mortgages from larger, commercial banks, while Freddie Mac buys them from much smaller banks. June 7, 2022 . Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. Freddie Mac released a pair of enhancements. They provide liquidity (ready access to funds on reasonable terms) to the thousands of banks, savings and loans, and mortgage companies that make loans to finance housing. This gives lenders the money to provide new mortgages for more homebuyers. It borrows in the debt markets by selling bonds, and provides liquidity to loan originators by purchasing whole loans. It was established in 1938 by Congress to stimulate the housing market. Choose Know Your Options from the drop-down menu. Thanks for your comment! Both provide liquidly, stability and affordability to the mortgage market, making them crucial to the country's housing system. This is your one-stop encyclopedia that has numerous frequently asked questions answered. Law Offices of Gerstenfield & Demirji, PC These solicitations claim that you're eligible for special economic enhancements if you refinance with a company. Additionally, the files will be sorted in descending order, so that the most recent file is at the top of the list. These companies have stated that these notices are a scam and that they're not associated with them in any manner. mine had small type that said *Entrust Funding is not affiliated with your current lender, Just got one of these and thats exactly what it is! hXmo6+b;"@^MW42@5\m=G*V4 B Thank you for sharing this information, and hopefully more people are informed about these scams. Homeownership is hard enough with out predators trying to take advantage of FTHB. orlando to fort pierce train; dod personnel who suspect a coworker of possible espionage should; boyd funeral home marion, ohio obituaries; horner's syndrome in cats after ear cleaning; CxpYM{:-4S{R'._-z9kU]d=yo(tr2uz8&.:c`{GEsz4qE!;! I quickly discovered that this FNMA enhancement letter was a scam. All Rights Reserved. Typically, an apartment property that receives Fannie Mae Credit Enhancement looks like any other multifamily project. The FNMA doesn't originate mortgages but purchases and guarantees them through the secondary mortgage market. From: Te-Mika Warner, Deputy General Counsel . Thanks! XA;3Pr#ASX x~[Vy # ^y*xgIAx.;Ix>T<>ui/&q^f7uQ]!hDY8YZ`&RY1PVo5+$;/#/r6OOg#Pt'iP4/_nf. FNMA scamsters get your information about mortgages from public records. Stay safe all. To learn more, visit:fanniemae.com|Twitter|Facebook|LinkedIn|Instagram|YouTube|Blog, Media ContactJessica Alexander Fannie Mae Single-Family Loan Performance Data, Multifamily Connecticut Avenue Securities, Multifamily Connecticut Avenue Securities Transactions, Multifamily Credit Insurance Risk Transfer, Noncallable and Callable Debt Issuance Detail, Noncallable and Callable Debt Outstanding Detail, Noncallable Benchmark Securities and Bonds Outstanding. Copyright 2023 Market Realist. Your full address is listed in the top left-hand corner of the page. No. Here's a scam warning from another bank about a very similar letter. The primary difference between Freddie Mac and Fannie Mae is where they source their mortgages from. Top 7 Student Loan Consolidation Companies Lower Your Monthly Payment Today, What is a Leg in Stock Market? Such scams have become more common since loan modifications started after the Great Recession of 2008. Try calling your lender at the number on your mortgage statement (NOT in that letter) and see what they say. Its always good to double check, especially if your transaction involves money. ProFed reminds customers that their mortgage information is public record, which means anyone can search and discover information about your mortgage, including scammers. Help me understand this letter from lender - what are "FNMA Enhancements"?? After the mortgage meltdown of 2008, Fannie Mae and Freddie Mac started to focus on loan modifications. Download Lender Letter The loan is made by a financial institution or other lender Requiring a reduction in the homeowners interest rate by a minimum of 50 basis points and a savings of at least $50 in the homeowners monthly mortgage payment. It seems that the benefits you get are too good to be true. There are some bad apples out there trying to take advantage of legit changes to the FNMA enhancements. MBS for Bonds Fannie Mae MBS: issued to . and contain the line "Notice of FNMA Enhancement." . Because Fannie was started by the government,. Your email address will not be published. Under the temporary eligibility guidelines, effective immediately, homeowners who missed payments and entered into a loss mitigation solution - such as a repayment plan, payment deferral, or loan modification - are eligible for a new refinance or purchase mortgage after three timely payments. If you haveany questions or concerns regarding the letter, weencourage youtocontact us directly. The Fannie Mae loan has a higher credit score requirement at 620 to 640 which is higher than the FHA loan. At ProFed, we work hard to ensure your information is secure and protected. (yo|PcRhHM-c!cHF.* e;Z!jGjvY3hU>Js;3ZM=>*!Yto;XIj"hkx0xQ1R#ff[elv*~cyMtq-M? If you search for notice for FNMA enhancement, youll get a lot of scam warnings. Fannie Mae was founded back in 1938 to create more affordable housing within the United States and has been publically traded since 1968. Updated Portfolio Functionality: Upon activating the Deal Paydown Alert for the portfolio, the alert will display in the portfolio when the factor for a security within the portfolio goes to zero on Business Day 4. be a conventional mortgage loan owned or securitized by Fannie Mae. That way you dont take a chance of being scammed or giving your personal information to the wrong person who could use it to do you harm! No payments missed in the previous six months and no more than one in the previous 12 months. It started the program for 2021 on June 5. I also got an InterContinental Capital Group Inc. letter dated January 2022. This allowed many homeowners to reduce their monthly mortgage payments by locking in a lower interest rate. THANK YOU! In fact, ProFed Credit Union warned their customers of this FNMA Enhancement scam when they were notified that their clients were receiving the letter from JFQ Lending. It is there that you will find information on refinancing, disaster relief, payment deferral and affordable mortgages. I bet that event puts my name and address in a public record and on a list that can be purchased. I dont feel like I am in MY right mind, and it is easy to fall victim to bad actors. Income at or below 80 percent of the median income in their area. If you get a notice of an FNMA Enhancements letter that offers you some loan, then please watch this video because it could be a scam! Here's a scam warning from another bank about a very similar letter. (adsbygoogle = window.adsbygoogle || []).push({}); The notice begins by addressing you by name. May 4, 2022 Increasing our expense reimbursement limits for interior and exterior property inspections. We recommend checking your eligibility as soon as possible before deadlines are announced or requirements are changed. Never use the contact information on a Fannie Mae Enhancements letter. 758 0 obj <>stream Fannie Mae is reminding servicers of their authority to approve eligible mortgage loan modifications for the Fannie Mae Standard Modification and the Fannie Mae HAMP Modification.