hbbd```b``"WH uX," ``r5Bz^ 9&WM D ] REH2j` RHONw ;~ The letter reads: Your current loan has been identified as being likely to benefit from the aggresive enhancements made to Fannie Mae eligibility. Have a great day and thanks for your thoughtful comment! Conventional loans allow slightly lower down payments. To get the necessary information, call our office at ***-***-**** before (date). This is a question our experts keep getting from time to time. Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. If you call the number listed, it may connect you to an automated recording or a person. manchester united annual turnover; what dallas city council district am i in There are some bad apples out there trying to take advantage of legit changes to the FNMA enhancements. The FNMA doesn't originate mortgages but purchases and guarantees them through the secondary mortgage market. Fannie Mae's "RefiNow program aims to lower the interest rate homeowners pay on their mortgage, and, therefore, the amount they pay monthly. Offers may be subject to change without notice. From a different lender stating its an offer for a refi. (% .^Bz 4SW5S_8hXEP` Totally a scam. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. While lenders arent required to participate, many do, including Quicken Loans (Rocket Mortgage). FHA loans are insured by the Federal Housing Administration, and conventional mortgages aren't insured by a federal agency. 11/29/2012- Fannie Mae Lender Letter 2012-11 Confirmation of Conventional Loan Limits for 2013 As the Federal National Mortgage Association (FNMA) enhances loan terms, some people get FNMA enhancement letters. 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. Yes, if you receive a notice FNMA Enhancements correspondence in the mail, it is a scam and you should immediately throw it in the trash. I get these every few months and I think it's a sketchy way to pitch a refinance. Just like when you get a speeding ticket. They prominently list your lender's name and maybe other official info, but probably got it from public records. 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 . They are the same. Posted: November 23, 2021 in Credit Union Updates. Thanks for the post. endstream endobj 728 0 obj <>stream ProFed reminds customers that their mortgage information is public record, which means anyone can search and discover information about your mortgage, including scammers. 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. These solicitations claim that you're eligible for special economic enhancements if you refinance with a company. I agree with this advice and it applies to ALL things. Lender Letter LL-2021-03 - Impact of Covid-19 on Originations February 15, 2023 Lender Letter LL-2021-03 - Impact of Covid-19 on Originations This Lender Letter provides reminders and temporary flexibilities to support mortgage originations. If you click the 'link' in the body of the destination link above, the wording of the letter I received today is verbatim. No. endstream endobj 729 0 obj <>stream Save my name, email, and website in this browser for the next time I comment. What is One Benefit of Privately Issued Student Loans. Multifamily Mortgage Business Lender Letter 2 1-02 . ?/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? This is your one-stop encyclopedia that has numerous frequently asked questions answered. Fannie Mae and Freddie Mac also have differences in lending requirements and programs. Details: Fnma enhancements letter 2020. Waiving the 50 basis point up-front adverse market refinance fee that Fannie Mae otherwise charges to lenders on balances at or below $300,000. Credit Enhancement Instrument Agreement between Fannie Mae and a Bond Trustee where Fannie Mae provides credit enhancement of a Credit Enhancement Mortgage Loan, Bonds issued to finance a Credit Enhancement Mortgage Loan, or an Interest Rate Hedge Agreement; and if applicable, a Bond liquidity facility. By accessing the noted link you will be leaving ProFed's website and entering a website hosted by another party. Thank you for sharing this information, and hopefully more people are informed about these scams. Lower-income borrowers typically refinance at a slower pace than higher-income borrowers, potentially missing an opportunity to save on housing costs. Fannie Mae provides credit enhancement for tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of affordable housing multifamily properties with Low Income Housing Tax Credit (LIHTC) rent restrictions. March 15, 2021 . What is the difference between Fannie Mae Freddie Mac and FHA? Under the temporary eligibility guidelines, effective immediately, homeowners who missed payments and entered into a loss mitigation solution - such as a repayment plan, payment deferral, or loan modification - are eligible for a new refinance or purchase mortgage after three timely payments. Press J to jump to the feed. Typically, an apartment property that receives Fannie Mae Credit Enhancement looks like any other multifamily project. hb```f``: @16 , GoNl Cv$NN/uM]"2' U'ErWaW0)DnT`lreTyb&&q)PNFa]+: u0Q*a4W@Z Data Collections User Interface: For easier navigation on this page, we are adding the ability to collapse and expand the different file sections. View more posts about Credit Union Updates. oPVx+HDJ j#"j'"/HA#IA&z4H Probably why I got this same "FNMA Enhancement" letter from JFQ Lending. If you search for notice for FNMA enhancement, youll get a lot of scam warnings. To enhance this particular program, FNMA expanded its eligibility back in June 2021. ProFed is not responsible for the content of the alternate website. In addition, we do not sell or distribute your personal information to non-affiliated third parties. Now, we have got the complete detailed explanation and answer for everyone, who is interested! Nailed it. The letters ask you to call1-833-782-0648and warns you to call before a certain date to secure economic benefits. . We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of ProFed Federal Credit Union. The policies in this Lender Letter are effective immediately and until Fannie Mae provides further notice, unless otherwise stated. A multifamily property that is composed of multiple individual units in a building (or other designated area) each of which is bound by the restrictions and requirements set forth in the residential condominium documents applicable to all of units. Thank you for this posting and explanation. The primary difference between Freddie Mac and Fannie Mae is where they source their mortgages from. I bet that event puts my name and address in a public record and on a list that can be purchased. Youre very welcome and I totally agree that we are in a time when it is easy to fall victim to these scams. not be subject to recourse, repurchase agreement, indemnification, outstanding repurchase demand, or credit enhancement (unless the new loan is also subject to the credit 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 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. This eliminates that possibility of being scammed by any fake FNMA Enhancement promises. Income at or below 80 percent of the median income in their area. 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. (adsbygoogle = window.adsbygoogle || []).push({}); The notice begins by addressing you by name. %PDF-1.6 % %%EOF 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. Fannie Mae says that conventional loans typically require a minimum credit score of 620. Please do not send personal/financial information via this method. While Fannie Mae doesnt issue mortgages to consumers or lend them money, they do buy mortgages directly from lenders. 202-752-2725, Fannie Mae Newsroomhttps://www.fanniemae.com/news, Photo of Fannie Maehttps://www.fanniemae.com/resources/img/about-fm/fm-building.tif, RefiNow Expands Eligibility to Help More Homeowners Reduce Their Monthly Mortgage Payment, About the Mortgage Lender Sentiment Survey, About the Refinance Application-Level Index, https://www.fanniemae.com/resources/img/about-fm/fm-building.tif, Fannie Maes New Refinance Option Available Beginning June 5. Freddie Mac buys home mortgages, primarily from smaller banks and savings and loans. Market Realist is a registered trademark. From: Te-Mika Warner, Deputy General Counsel . Our experts have done a research to get accurate and detailed answers for you. to replenish their funds. This Stimulus Program is aimed to help average American citizens and stimulate the economy. 758 0 obj <>stream 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! Many people have received letters titled Understanding FNMA Enhancements. Some of these letters cite home loans from McKesson Emps Federal and JFQ Lending. Initially announced April 28 by the Federal Housing Finance Agency, RefiNow makes it easier for eligible homeowners earning at or below 80% area median income (AMI) to refinance at a lower interest rate and reduce their monthly mortgage payment. Share: Fannie Mae and Freddie Mac are government-backed mortgage companies created by the U.S. Congress. 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 audience tickets 2021. forge of empires have less than 10 population available; caddyshack 2 worst slice; union county, nc deck building codes; . For the most recent reporting period, the total quantity of electricity generated annually by the existing onsite electricity generation system (measured in kBtU). be a conventional mortgage loan owned or securitized by Fannie Mae. Homeowners are advised to take advantage of a new Mortgage Stimulus Program before its gone. FNMA scamsters get your information about mortgages from public records. be seasoned at least 12 months (from the original note date to new loan note date). 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. FNMA Enhancements letter 2021 - scam or legit notice? Fannie Mae (FNMA) was started by the federal government in 1938. June 7, 2022 . When will fnma be released from conservatorship? MBS for Bonds Fannie Mae MBS: issued to . At least one borrower must be a first-time homebuyer. So glad you found this helpful. Y=c+,ra *https://www.forbes.com/advisor/refiroadmap/, http://www.fanniemae.com/resources/file/aboutus/media/HARP-Research-Report-030613.pdf* Based on Median Home Equity of Americans aged 45 to 54 of $70,000 (U.S. Census Bureau), 2021 HomeStimulusProgram.com | Legal | Contact | Sitemap. This is the actual letter Ireceived. For an interest rate swap, you must determine and advise Fannie Mae if the Borrower's interest rate hedge payment obligations are supported by a: Fannie Mae collateral agreement or credit enhancement instrument; or Fannie Mae buys mortgages from larger, commercial banks, while Freddie Mac buys them from much smaller banks. If you call it, remember not to share any personal information, as it could result in a spam attack and financial loss. JFQ is trying to get you to refi with them. A general rule of thumb is that you should have at least 20% equity in your home if you want to refinance. The letters appear to come from JFQ Lending. Homeownership is hard enough with out predators trying to take advantage of FTHB. To: Multifamily Lenders . These modifications, which change the conditions of existing loans to help borrowers avoid defaulting on their mortgages, could include lower interest rates or extending the term of the loan to reduce monthly payments. May 5, 2021 RefiNow Expands Eligibility to Help More Homeowners Reduce Their Monthly Mortgage Payment WASHINGTON, DC - Fannie Mae (FNMA/OTCQB) today issued additional details about its new RefiNow option, which is available for qualifying homeowners with a Fannie Mae-owned mortgage beginning June 5, 2021. If so, let us know in the comments below! Please have eligibility code ********* ready when calling our Enhancements Help Desk to discuss your new loan information. vG6YikU] ")/~62x[1x A`Q n\ 5`uB^b`G' ,br=x^Wg[!3R'7$>6hmk{eW.> [ bEG\~*2/od-kW,RM/mo8F;Ol2?P` What is the difference between a Fannie Mae loan and a conventional loan? If you head over to Fannie Maes website, youll find a wealth of information under the Homeowners & Renters tab. Both reasons have to do with the strict guidelines imposed because FHA loans are government-insured loans. Yeah, trying to discern whether or not this is a legitimate thing that Im entitled to, or some marketing racket. Theletters appear to come from JFQ Lending. Its operation makes affordable mortgages available to low-income Americans. 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. If Fannie and Freddie were allowed to fail, experts agreed that the housing market would collapse even further, paralyzing the entire financial system. The property must be a one-unit primary residence including single-family residences, townhomes, and condos. mine was sold many many years ago and they still got the mortgage company wrong. hXmo6+b;"@^MW42@5\m=G*V4 B Your full address is listed in the top left-hand corner of the page. This refinancing could save homeowners an estimated $100 to $250 per month. %PDF-1.7 % FHA loans allow lower credit scores than conventional mortgages do, and are easier to qualify for. Wow, the letter is practically the same letter I got! )3L>85ndF}'|UIB2Smk# F_Jh 'bYd?O06:\H&(Z}o.8oC}nz,y^]eJYnD^*|RL*q yup. Restricted Affordable Housing includes the following Affordable Housing Types: MBS and Mega Advanced Search Download File, Fannie Mae to Release DUS Disclose Enhancements in January 2021. We support mortgage lenders in providing mortgage financing to help people buy or rent a home. "Recent amendments to. 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. The Revised QM Rule for the "verify" provision includes commentary (1026.43 (e) (2) (v) (B)-3.i) that cites Chapters B3-3 through B3-6 of the Selling Guide, published Jun. This program provides low borrowing cost, flexible structures, and a . The lender must pass the credit to the homeowner. This is likely to be the largest benefit program American homeowners have seen. I just received one of these letters from Camden Loans, and I will toss it. Banks do not want homeowners to know about these programs as they can greatly lower mortgage payments through this simple Government-backed solution. Because Fannie was started by the government,. what is fnma enhancements letter 2021. Home; About Us. Scammers can get your contact information by searching through these records. Required fields are marked *. Some benefits could include a cash dispersement of $1,323.66, a shortened payment term or a lower mortgage payment. ~L+w&7K5)1M~2L!v"%P\`X0IrmxA"@c|8dbnu`!*O2d(g19{V+z *gzQ;7QD>+9m U@0K.2"q7Cx"86 Bf"f'MHPwr/IYB]\`X; Ad8v9WK WM?DjxvA0H1TNVfkXSHffZ)% pj1774H'7Tl wpg>v%|m}SXy 2Y{[ 4bI5Ux| ^#%$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! , 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. hb```b@(1ao>DaMtB&[+^hDrd n'DwWzaL . Lender Letter (LL-2021-02) Updated: May 4, 2022 To: All Fannie Mae Single-Family Servicers Be aware of the "Understanding FNMA Enhancement" letter scam. It is there that you will find information on refinancing, disaster relief, payment deferral and affordable mortgages. Our ESG strategy builds on our mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America. Freddie Mac can be reached at 800-373-3343 or Freddie Mac's website. Additionally, the files will be sorted in descending order, so that the most recent file is at the top of the list. 0 A Welcome to Sharing Culture! I dont feel like I am in MY right mind, and it is easy to fall victim to bad actors. Exactly the same as the letter I received. Chinese Granite; Imported Granite; Chinese Marble; Imported Marble; China Slate & Sandstone; Quartz stone I just got the same letterits for refinancing of mortgages. Hopefully no one falls for this crap. Fannie Mae is also reminding servicers to submit to Fannie Mae all servicer-approved mortgage loan modifications in HomeSaver Solutions Network (HSSN) as "closed." and contain the line "Notice of FNMA Enhancement." @;HP( a30=@,`4`g\#wFgoF9%uSKmIse 4V1B@p:z C It borrows in the debt markets by selling bonds, and provides liquidity to loan originators by purchasing whole loans. This gives lenders the money to provide new mortgages for more homebuyers. Fannie Mae can be reached at 800-232-6643 or Fannie Mae's website. On September 6, 2008, the Director of the Federal Housing Finance Agency (FHFA), appointed FHFA as conservator of Freddie Mac. 74=? Try calling your lender at the number on your mortgage statement (NOT in that letter) and see what they say. If, as a homeowner, you want to explore refinancing through Fannie Maes program, you can contact any mortgage company. These changes will generate economic benefits for those, like you, who have a conventional mortgage. Yesterday, I received a Notice of FNMA Enhancement in the mail. HIGHLIGHTS Fannie Mae is announcing updates to the Loan Documents which may be used immediately and must be Posting the link above is appreciated! Just put that same letter through the shredder. Utilizing this new service could get homeowners $271 /mo*or$3,252*per year! One red flag to watch for, according to ProFed, is the account not matching your account number. It seems that the benefits you get are too good to be true. Please ignorethe letter anddispose of it like youwould any other junk mail. Because we are in a world where there is so much desperation, I am relieved that there are places to see that these things are scam. This allowed many homeowners to reduce their monthly mortgage payments by locking in a lower interest rate. If you haveany questions or concerns regarding the letter, weencourage youtocontact us directly. How the letters are sent The bottom of the letter states that, "This is a third-party offer from JFQ Lending, Inc.". Your email address will not be published. Beware of specific indicators that require you to take specific actions in an urgent matter. I think the more people that can warn others the better! Company Information; FAQ; Stone Materials. 747 0 obj <>/Filter/FlateDecode/ID[<7C8F0A75F12966458171E2DDD3BE6982><305DC1B236721E44841681C527C5CCA0>]/Index[724 58]/Info 723 0 R/Length 113/Prev 208454/Root 725 0 R/Size 782/Type/XRef/W[1 3 1]>>stream A Fannie Mae-backed mortgage secured by a 1-unit, principal residence; A current income at or below 80% of the AMI (not the income as of origination of the original loan); Not missed a mortgage payment in the past six months, and no more than one missed mortgage payment in the past 12 months; and. hbbd```b``l6V "9A$XDLlm~d-U@dX=)$= R2_cv &30x? To help expedite the process, please have your eligibility code available when calling. Indicates if the mortgage loan may/will be cross defaulted and/or cross collateralized in the future with another mortgage. People may receive compensation for some links to products and services on this website. I believe it is a legitimate communication from my lender, and Im curious as to why Im receiving it. 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. You need at least 3 percent for your down payment. efPl`.Rb)cSO 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. 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. It was established in 1938 by Congress to stimulate the housing market. Borrower Owned Unit for Fractured Condo Regime. No matter what financial questions you have, we're here to work with you on your terms. This is NOT a secured email transmission. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Have you received an FNMA Enhancement Notice? Freddie Mac released a pair of enhancements. Enhancements to support borrowers with non-traditional credit: aligns policy with eligibility expansions to the cash flow assessment and other risk . Beware of specific indicators that require you to take specific actions in an urgent matter. HWN9weRTUP@]CbLEIUmHGMdNrt\`g}Vw;O$slxH&_)5Sa^S&nGInS6yx62+ H]G {|JTsw!P2L9m7G-p8k .D SB2(YjJm,R Fannie Mae buys loans from lenders A lender is a financial institution that loans money directly to you with the expectation that it will be repaid with interest. CxpYM{:-4S{R'._-z9kU]d=yo(tr2uz8&.:c`{GEsz4qE!;! It started the program for 2021 on June 5. Here's a scam warning from another bank about a very similar letter. Fannie Mae's "RefiNow" program aims to lower the interest rate homeowners pay on their mortgage, and, therefore, the amount they pay monthly. In fact, Fannie Mae expanded eligibility for their RefiNow program back on June 5th 2021. You can find the real contact info for JFQ Lending and Intercontinantal Capital Group Inc. on their company websites if youd like to find out what programs they offer, but dont expect these programs to be the false promises that are in the letter you received. 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). Has anyone else received something like this? Yes, thats my hope. We have reviewed severalof these letters and can confirm it is a scam. Never use the contact information on a Fannie Mae Enhancements letter. 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. All Rights Reserved. Beware of specific indicators that require you to takespecific actions in an urgent matter. Look carefully, I'd be willing to bet it's not actually from your current lender. Maybe try a search? 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. Also The letter looks very authentic, and it could easily fool a lot of people especially the elderly. Link to some info below as well as an example: received this letter in the mail and did some digging. Fannie Mae and Freddie Mac also have differences in lending requirements and programs. x]Mj0>`OJ`S Disclosing your personal information could result in an unfortunate series of events impacting your finances and privacy. Very misleading and deceptive practice. 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. Fannie Mae was chartered by U.S. Congress in 1938 to provide a reliable source of affordable mortgage financing across the country. 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". Here's a scam warning from another bank about a very similar letter. Menu ceramic cutting tools advantages and disadvantages. Fannie Mae makes money partly by borrowing at low rates, and then reinvesting its borrowings into whole mortgage loans and mortgage backed securities. 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. The letter identifies your mortgage servicerthe company responsible for collecting your monthly payments on our behalf and providing customer service. How the letters are sent I also got a letter from JFQ lending. May 4, 2022 Increasing our expense reimbursement limits for interior and exterior property inspections. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2023 by The Law Offices of Gerstenfield & Demirji, PC. .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 . %%EOF Learn about our RefiNow enhancements: https://t.co/1DECdVYLF6 pic.twitter.com/odt9xm75Nc. . This allowed many homeowners to reduce their monthly mortgage payments by locking in a lower interest rate. These companies have stated that these notices are a scam and that they're not associated with them in any manner. endstream endobj startxref 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 appreciate the info. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. To see if you live in an active zip code, just click below. Stay safe all. 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. 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. [Vf0K0Yo|e;I& k EP$wIGi1[Fphf! If youre looking to consolidate a student loan, check out our article: Top 7 Student Loan Consolidation Companies Lower Your Monthly Payment Today. Do you use an apostrophe in seasons greetings? Thank you so much! 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! 724 0 obj <> endobj Is Freddie Mac a government agency? At ProFed, we work hard to ensure your information is secure and protected. Download Lender Letter Fannie and Freddie failed in large part because they made bad business decisions and held insufficient capital. No products in the cart. Press question mark to learn the rest of the keyboard shortcuts. 0 Fannie Maes new RefiNow option will help more homeowners refinance by removing some of those barriers, improving affordability, and promoting sustainable homeownership, said Malloy Evans, Senior Vice President and Single-Family Chief Credit Risk Officer, Fannie Mae. (adsbygoogle = window.adsbygoogle || []).push({}); As you can see from the letter I received, the financial institution listed is Intercontinental Capital Group Inc., but others have received the same letter from the financial institution JFQ Lending. I hope it helps others avoid getting scammed! I quickly discovered that this FNMA enhancement letter was a 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.
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