Keyword Analysis & Research: choice renovation loan freddie mac

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Does Freddie Mac require earnest money?

Answer: Freddie Mac: 5501.3: Asset eligibility and documentation requirements (12/09/18) (EMD) When an EMD for a purchase transaction is used to qualify the Borrower for the Mortgage transaction, the Seller must obtain evidence that the EMD check cleared the Borrower's account (e.g., copy of the canceled check, asset account statement or written statement from the EMD ...

Is Freddie Mac a conventional loan?

Freddie Mac Mortgage Guidelines On Conventional Loans Freddie Mac is The Federal Home Loan Mortgage Corporation (FHLMC) Freddie Mac is a private corporation backed by the federal government It is often referred to as Government Sponsored Enterprises (GSE) Freddie Mac buys mortgages and packages them into mortgage-backed securities (MBS) More items...

Does Fannie Mae or Freddie Mac own my home loan?

Freddie Mac Owns Your Mortgage If Freddie Mac owns your mortgage, then your lender must have sold it to Freddie Mac -- or sold it to an investor that eventually did. This is nothing to be alarmed about. In fact, it's kind of a vote of confidence in you.

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