You may have received a letter from us notifying you that we purchased your loan. The letter is informational, and you do not need to take any action.
Fannie Mae buys loans from lenders, replenishing the lenders’ funds so they can provide new mortgages for more homebuyers. Your mortgage servicer — the company that you send your monthly payments to — and your loan terms remain the same when we purchase your loan. You should continue to send all mortgage payments to your servicer. Fannie Mae is not your servicer.
This letter is for informational purposes only. It is a legal requirement for us to notify the borrower of the purchase. You can keep the letter with your mortgage records for future reference.
Does my loan change because Fannie Mae purchased it?No. It does not change the terms or conditions of your mortgage loan, deed of trust, or note. Your loan remains the same, and your monthly payments will not be affected.
Where should I send my mortgage payments?Send all payments to your mortgage servicer. Fannie Mae is not your mortgage servicer. Do not send mortgage payments to Fannie Mae; we will return them to you. We are not responsible for any misdirected payments or late charges.
You can find payment information for your mortgage servicer on the payment coupon/statement that you received at your loan closing. You can also find it in the servicer welcome packet.
Is Fannie Mae my mortgage servicer?No. Fannie Mae is not your servicer. We do not service mortgage loans.
Your servicer is the company that collects your monthly loan payments. Your servicer is listed on the welcome packet that they send. It is also on the loan purchase letter you received from us.
Contact your servicer directly if you have questions about your mortgage loan.
Should I contact my mortgage servicer about this loan purchase letter?No. Your servicer received a similar notice.
