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To: Ernest_at_the_Beach

We just got a letter from Fannie Mae saying that they had assumed our mortgage from Wells Fargo. We just refinanced several months ago and were shocked to get this letter.


3 posted on 03/05/2010 12:04:25 PM PST by twigs
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To: twigs

Why would you be shocked? This is a very common practice.

The banks sell loans to Fannie and Freddie daily.


8 posted on 03/05/2010 12:10:32 PM PST by NOVACPA
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To: twigs

Us too, both 800 FICO went thru a broker to Chase to Fannie


10 posted on 03/05/2010 12:13:48 PM PST by junta (S.C.U.M. = State Controlled Unreliable Media)
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To: twigs

Freddie has ours, but we didnt get a letter. I found out when, on a hunch, I went to their data base and entered our address.


12 posted on 03/05/2010 12:19:01 PM PST by freespirited (We're not the Party of No. We're the Party of HELL NO!!!)
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To: twigs

“had assumed our mortgage from Wells Fargo”

It will most likely still be serviced by WF. I would be surprised if you don’t still send your payment to WF?


24 posted on 03/05/2010 1:20:45 PM PST by HereInTheHeartland (The End of an Error - 01/20/2013)
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