Freddie Mac Purchased My Mortgage : What You Need to Know




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Freddie Mac Purchased My Mortgage

Have you ever wondered what happens after you sign that pile of papers to close on your new home? Where does your mortgage actually end up? Well, if you find out that Freddie Mac has purchased your mortgage, you can rest easy knowing that you are in good hands.

Who is Freddie Mac?

Freddie Mac, or the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise established to help expand the secondary mortgage market in the United States. Its goal is to facilitate the flow of money between lenders and investors, ensuring that mortgage funds are available to borrowers.

How does Freddie Mac purchase mortgages?

When you obtain a mortgage from a lender, your loan is often bundled with other mortgages and sold to investors. This process is known as mortgage securitization. Freddie Mac plays a vital role in this process by purchasing these bundled mortgages, allowing lenders to free up their capital and make more loans.

The benefits of Freddie Mac purchasing your mortgage

If you discover that Freddie Mac has purchased your mortgage, there are several advantages to consider:

  1. Stability: As a government-sponsored entity, Freddie Mac is financially stable, which means they are less likely to go out of business or experience financial difficulties that can impact your mortgage.
  2. Liquidity: By purchasing mortgages, Freddie Mac provides liquidity to the housing market, making it easier for lenders to provide mortgages to borrowers, even during times of economic uncertainty.
  3. Interest Rate Stability: Freddie Mac’s presence in the market helps to stabilize interest rates. This stability can protect you from significant fluctuations in rates that could impact your monthly mortgage payments.
  4. Quality Control: Freddie Mac has strict guidelines and standards for the mortgages it purchases. This ensures that the loans meet certain qualifications, reducing the risk of defaults and foreclosures.
  5. Housing Market Support: By purchasing mortgages, Freddie Mac indirectly supports the housing market, making it easier for more individuals and families to become homeowners.

What does it mean for you as a homeowner?

When Freddie Mac purchases your mortgage, the ownership and servicing rights of your loan are transferred to them. In practical terms, this means that your mortgage payments will now go to Freddie Mac or a servicer appointed by them.

While the transfer of ownership does not affect the terms and conditions of your loan, it’s important to familiarize yourself with Freddie Mac’s guidelines and contact their servicer if you have any questions or need assistance.

How to find out if Freddie Mac has purchased your mortgage?

If you are curious to know if Freddie Mac has purchased your mortgage, there are a few ways you can find out:

  • Check your mortgage documents: Look through your loan documents, including the promissory note, to see if Freddie Mac is listed as the investor or owner of your mortgage.
  • Contact your servicer: Reach out to the company that collects your mortgage payments, known as the servicer. They can provide you with information regarding the ownership of your loan.
  • Use Freddie Mac’s loan lookup tool: Freddie Mac offers a loan lookup tool on their website where you can enter your personal information to determine if your mortgage is owned or guaranteed by them.

Frequently Asked Questions For Freddie Mac Purchased My Mortgage : What You Need To Know

How Does Freddie Mac Purchasing My Mortgage Affect Me?

When Freddie Mac purchases your mortgage, it means they become the owner of your loan. However, your terms and payment arrangements will remain the same.

Will I Have To Start Making Payments To Freddie Mac Directly?

No, you will continue making your mortgage payments to your loan servicer. It is their responsibility to collect payments on behalf of Freddie Mac.

Can I Refinance My Mortgage If Freddie Mac Owns It?

Yes, you are still eligible to refinance your mortgage even if Freddie Mac owns it. Contact your loan servicer to discuss the refinancing options available to you.

What Happens If I Default On My Mortgage After Freddie Mac Buys It?

If you default on your mortgage, Freddie Mac will work with your loan servicer to resolve the situation. They may offer alternatives such as a loan modification or foreclosure assistance.


Knowing that Freddie Mac has purchased your mortgage can provide peace of mind for homeowners. With their financial stability, commitment to quality control, and support to the housing market, having Freddie Mac as the owner of your mortgage can bring stability and assurance to your homeownership journey.

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