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. Then elsewhere it says, "Proposed Lender: JFQ Lending, Inc." Deceptive marketing. If you want to get rid of private mortgage insurance, you'll likely need 20% equity in your home. oPVx+HDJ j#"j'"/HA#IA&z4H This Stimulus Program is aimed to help average American citizens and stimulate the economy. I hope it helps others avoid getting scammed! Exactly the same as the letter I received. Press J to jump to the feed. %%EOF @;HP( a30=@,`4`g\#wFgoF9%uSKmIse 4V1B@p:z C 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. Please do not send personal/financial information via this method. Mar 16, 2021 153 Dislike Share Save Scamadviser 26.7K subscribers If you get a notice of an FNMA Enhancements letter that offers you some loan, then please watch this video because it could. Indicates if the mortgage loan may/will be cross defaulted and/or cross collateralized in the future with another mortgage. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. Enhancements indicate positive changes, which Fannie Mae is always making. provide Fannie Mae with copies of the existing interest rate hedge documents. These companies have stated that these notices are a scam and that they're not associated with them in any manner. Copyright 2023 Market Realist. Note: Due to the number of homeowners positively affected by these changes, call volume may be high. If so, let us know in the comments below! What is the difference between Fannie Mae Freddie Mac and FHA? *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. Wow, the letter is practically the same letter I got! In fact, Fannie Mae expanded eligibility for their RefiNow program back on June 5th 2021. what is fnma enhancements letter 2021shaun thompson elmhurst Consultation Request a Free Consultation Now. Homeowners can determine if Fannie Mae owns their mortgage by visiting Fannie Maes Loan Lookup Tool at KnowYourOptions.com. Freddie Mac was chartered by Congress as a private company serving a public purpose. Fannie Mae's "RefiNow" program aims to lower the interest rate homeowners pay on their mortgage, and, therefore, the amount they pay monthly. Always verify before you do anything. About Fannie Mae What is One Benefit of Privately Issued Student Loans. I quickly discovered that this FNMA enhancement letter was a scam. (% .^Bz 4SW5S_8hXEP` Ilocated others online who received the exact same letter, but with a different financial institution listed at the bottom. Requiring a reduction in the homeowners interest rate by a minimum of 50 basis points and a savings of at least $50 in the homeowners monthly mortgage payment. Fannie Mae (FNMA) was started by the federal government in 1938. Is Freddie Mac a government agency? These solicitations claim that you're eligible for special economic enhancements if you refinance with a company. Youre very welcome and I totally agree that we are in a time when it is easy to fall victim to these scams. Because we are in a world where there is so much desperation, I am relieved that there are places to see that these things are scam. Probably why I got this same "FNMA Enhancement" letter from JFQ Lending. There are many types of mortgages, but Freddie Mac cannot buy non-conforming loans. To: Multifamily Lenders . and contain the line "Notice of FNMA Enhancement." The letters ask you to call 1-833-782-0648 and warns you to call before a certain date to secure economic benefits. This gives lenders the money to provide new mortgages for more homebuyers. Updated Portfolio Functionality: Upon activating the Deal Paydown Alert for the portfolio, the alert will display in the portfolio when the factor for a security within the portfolio goes to zero on Business Day 4. Understanding Stock Market Terms, How to Make Money With a Drone: Earn a Full Time Income, How to Make Money on Maternity Leave Our Top 10 List. Home; About Us. XA;3Pr#ASX x~[Vy # ^y*xgIAx.;Ix>T<>ui/&q^f7uQ]!hDY8YZ`&RY1PVo5+$;/#/r6OOg#Pt'iP4/_nf. Some benefits could include a cash dispersement of $1,323.66, a shortened payment term or a lower mortgage payment. Chinese Granite; Imported Granite; Chinese Marble; Imported Marble; China Slate & Sandstone; Quartz stone Just like when you get a speeding ticket. 0 Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. 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. Conventional Loans A conventional loan is a mortgage that's not insured by a government agency. .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 . 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. not be subject to recourse, repurchase agreement, indemnification, outstanding repurchase demand, or credit enhancement (unless the new loan is also subject to the credit Please also note the account number in the letter does not match your account number with ProFed, indicating a scam. I agree with this advice and it applies to ALL things. Maybe try a search? be a conventional mortgage loan owned or securitized by Fannie Mae. Thanks for the post. 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 Be aware of the "Understanding FNMA Enhancement" letter scam. Just put that same letter through the shredder. Here's a scam warning from another bank about a very similar letter. endstream endobj startxref Lender Letter (LL-2021-02) Updated: May 4, 2022 To: All Fannie Mae Single-Family Servicers If you call it, remember not to share any personal information, as it could result in a spam attack and financial loss. Borrowers must have a Fannie Mae-backed mortgage for their house, where they must live. Look carefully, I'd be willing to bet it's not actually from your current lender. I get these every few months and I think it's a sketchy way to pitch a refinance. proposed in December 2021, that requires Fannie Mae and Freddie Mac to submit annual capital plans to the agency and provide notice prior to taking certain capital actions.  )3L>85ndF}'|UIB2Smk# F_Jh 'bYd?O06:\H&(Z}o.8oC}nz,y^]eJYnD^*|RL*q Because Fannie was started by the government,. This is the actual letter Ireceived. The requirements related to maximum points and fees and APR-APOR spread for Exempt loans are described in LL-2021-11. . Maryland 20910, Do you have any questions? 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. Freddie Mac buys home mortgages, primarily from smaller banks and savings and loans. 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. It seems that the benefits you get are too good to be true. We support mortgage lenders in providing mortgage financing to help people buy or rent a home. Another name you most likely know this organization by is Fannie Mae. People may receive compensation for some links to products and services on this website. 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. Beware of specific indicators that require you to take specific actions in an urgent matter. I dont feel like I am in MY right mind, and it is easy to fall victim to bad actors. 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. hb```f``: @16 , GoNl Cv$NN/uM]"2' U'ErWaW0)DnT`lreTyb&&q)PNFa]+: u0Q*a4W@Z I've been getting nonstop predatory refi offers on a weekly basis this year. No matter what financial questions you have, we're here to work with you on your terms. Subject: Lender Letter 2 1-02 - Loan Document Update . Link to some info below as well as an example: received this letter in the mail and did some digging. This helped a lot! x]Mj0>`OJ`S Create an account to follow your favorite communities and start taking part in conversations. 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. The letters also urge you to call a number. 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. How the letters are sent 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. What is the purpose of FNMA? If you head over to Fannie Maes website, youll find a wealth of information under the Homeowners & Renters tab. Borrower Owned Unit for Fractured Condo Regime. be seasoned at least 12 months (from the original note date to new loan note date). Providing a $500 credit from Fannie Mae to the lender at the time the loan is purchased if an appraisal was obtained for the transaction. This eliminates that possibility of being scammed by any fake FNMA Enhancement promises. The letters appear to come from JFQ Lending. The property must be a one-unit primary residence including single-family residences, townhomes, and condos. These may not qualify as full-fledged scams but they're still deceptive marketing. Fannie Mae and Freddie Mac also have differences in lending requirements and programs. vG6YikU] ")/~62x[1x A`Q n\ 5`uB^b`G' ,br=x^Wg[!3R'7$>6hmk{eW.> [ bEG\~*2/od-kW,RM/mo8F;Ol2?P` Income at or below 80 percent of the median income in their area. At least one borrower must be a first-time homebuyer. The Fannie Mae loan has a higher credit score requirement at 620 to 640 which is higher than the FHA loan. The policies in this Lender Letter are effective immediately and until Fannie Mae provides further notice, unless otherwise stated. Multifamily Mortgage Business Lender Letter 2 1-02 . Posting the link above is appreciated! As mentioned above, you can contact Fannie Mae safely and directly on their website if you have any questions or concerns. !-O }Z_ endstream endobj 730 0 obj <>stream Conventional loans allow slightly lower down payments. 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. This refinancing could save homeowners an estimated $100 to $250 per month. 0 what is fnma enhancements letter 2021. Conventional loans are the mortgages purchased by the government-sponsored enterprises of Fannie Mae and Freddie Mac. Welcome to Sharing Culture! While Fannie Mae doesnt issue mortgages to consumers or lend them money, they do buy mortgages directly from lenders. I also got a letter from JFQ lending. Instead, go straight to the Fannie Mae website and contact them from there. 'gW7Kq5k; b Y=c+,ra This program provides low borrowing cost, flexible structures, and a . The letter reads: Your current loan has been identified as being likely to benefit from the aggresive enhancements made to Fannie Mae eligibility. Posted: November 23, 2021 in Credit Union Updates. B*!x60-RkC>{y7W%!c2NVCSs9\@wN%h+vE-m/Fw5)}&pl qaTcg/6k8d[{"UBR(gA279ar#DH6RNGd'l":({*T7yl3v?1_ya)>p^rtC0cI\)1PL[K-r};Qd-6{qVos3L'9AmExuE^E_r-sg3 F0wH2"0$2Y-Yf9n5^5Yy_' kt9 ^ A00o_y3 ~/ ;N"1m h View more posts about Credit Union Updates. 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. As the Federal National Mortgage Association (FNMA) enhances loan terms, some people get FNMA enhancement letters. 781 0 obj <>stream Here's a scam warning from another bank about a very similar letter. Fannie Mae is also reminding servicers to submit to Fannie Mae all servicer-approved mortgage loan modifications in HomeSaver Solutions Network (HSSN) as "closed." 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. Fannie Mae and Freddie Mac also have differences in lending requirements and programs. Powered by Loebig Ink, LLC, Home | En Espanol | Site Map | Disclaimer, 8720 Georgia Avenue, Suite 301 | Silver Spring, Maryland 20910, Maryland Criminal Defense Crimes and Procedure, Domestic Violence Maryland Criminal Defense Attorney, Manslaughter Maryland Criminal Defense Lawyer, Second Degree Murder Maryland Defense Lawyer, Child Pornography Maryland Sex Crime Lawyer. The FNMA doesn't originate mortgages but purchases and guarantees them through the secondary mortgage market. If, as a homeowner, you want to explore refinancing through Fannie Maes program, you can contact any mortgage company. 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. Fannie Mae is a corporation that provides the funding for mortgages by buying them from banks or other non-bank lenders like Rocket Mortgage. Help me understand this letter from lender - what are "FNMA Enhancements"?? 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. mortgage enhancements do not only make your mortgage more affordable but also your refinancing, modifications are usually geared toward altering the conditions of pre-existing loans. To get the necessary information, call our office at ***-***-**** before (date). If youre looking to consolidate a student loan, check out our article: Top 7 Student Loan Consolidation Companies Lower Your Monthly Payment Today. Yeah, trying to discern whether or not this is a legitimate thing that Im entitled to, or some marketing racket. The loan is made by a financial institution or other lender manchester united annual turnover; what dallas city council district am i in Disclosing your personal information could result in an unfortunate series of events impacting your finances and privacy. On September 6, 2008, the Director of the Federal Housing Finance Agency (FHFA), appointed FHFA as conservator of Freddie Mac. Law Offices of Gerstenfield & Demirji, PC Where do balloons go when you release them? Learn about our RefiNow enhancements: https://t.co/1DECdVYLF6 pic.twitter.com/odt9xm75Nc. ?/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? Try calling your lender at the number on your mortgage statement (NOT in that letter) and see what they say. 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. 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! To learn more, visit:fanniemae.com|Twitter|Facebook|LinkedIn|Instagram|YouTube|Blog, Media ContactJessica Alexander endstream endobj startxref You need at least 3 percent for your down payment. Fannie and Freddie failed in large part because they made bad business decisions and held insufficient capital. Download Lender Letter endstream endobj 729 0 obj <>stream 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. Never use the contact information on a Fannie Mae Enhancements letter. Fannie Mae makes money partly by borrowing at low rates, and then reinvesting its borrowings into whole mortgage loans and mortgage backed securities. 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. 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. I wish they would Just Fucking Quit Lending. 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. Freddie Mac can be reached at 800-373-3343 or Freddie Mac's website. I bet that event puts my name and address in a public record and on a list that can be purchased. the villa pacific palisades, ca. The aim was to allow many homeowners (low-income borrowers) access to a lower interest rate and in turn, help them reduce their monthly mortgage payments. I appreciate the info. Thanks! ProFed reminds customers that their mortgage information is public record, which means anyone can search and discover information about your mortgage, including scammers. This allowed many homeowners to reduce their monthly mortgage payments by locking in a lower interest rate. I just got the same letterits for refinancing of mortgages. It is there that you will find information on refinancing, disaster relief, payment deferral and affordable mortgages. Your email address will not be published. Both provide liquidly, stability and affordability to the mortgage market, making them crucial to the country's housing system. Indicates that the security is backed by loans that meet one of the defined Sustainable Impact Criteria found in Fannie Maes Sustainable Bond Framework, including Restricted Affordable Housing and Manufactured Housing Communities. So, feel free to use this information and benefit from expert answers to the questions you are interested in! Our experts have done a research to get accurate and detailed answers for you. For the most recent reporting period, the total quantity of electricity generated annually by the existing onsite electricity generation system (measured in kBtU). %PDF-1.7 % Banks do not want homeowners to know about these programs as they can greatly lower mortgage payments through this simple Government-backed solution. To help expedite the process, please have your eligibility code available when calling. 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. I also got an InterContinental Capital Group Inc. letter dated January 2022. ~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! , ProFed is not responsible for the content of the alternate website. 758 0 obj <>stream The FNMA, more popularly known as Fannie Mae, is a government-sponsored, publicly traded enterprise. orlando to fort pierce train; dod personnel who suspect a coworker of possible espionage should; boyd funeral home marion, ohio obituaries; horner's syndrome in cats after ear cleaning; Fannie Mae can be reached at 800-232-6643 or Fannie Mae's website. If you click the 'link' in the body of the destination link above, the wording of the letter I received today is verbatim. 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. June 7, 2022 . Both reasons have to do with the strict guidelines imposed because FHA loans are government-insured loans. Market Realist is a registered trademark. It looks like nothing was found at this location. 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. I believe it is a legitimate communication from my lender, and Im curious as to why Im receiving it. 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! HWn6}7X"I6Em}p&+]YmCik(6u3g~l_2(=(|LY4{=~6AO4/Nfa7pribxqX&O hG5&qFp7#X%YC:+&J 2kYc#K&8q?k;|2belh m:C\c0#*nTyN@A}#) `#fSc[UX&ypYN3dMu1c MHl*\.9B?2Ek$1}B2vIbd=& They perform an important role in the nation's housing finance system to provide liquidity, stability and affordability to the mortgage market. 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. Do you use an apostrophe in seasons greetings? FNMA scamsters get your information about mortgages from public records. Required fields are marked *. Company Information; FAQ; Stone Materials. What is the difference between a Fannie Mae loan and a conventional loan? Freddie Mac released a pair of enhancements. 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". Do not share your personal information under any circumstances. 724 0 obj <> endobj Our team has collected thousands of questions that people keep asking in forums, blogs and in Google questions. This. FNMA is actually short for the Federal National Mortgage Association. After the mortgage meltdown of 2008, Fannie Mae and Freddie Mac started to focus on loan modifications. These changes will generate economic benefits for those, like you, who have a conventional mortgage. %%EOF MBS for Bonds Fannie Mae MBS: issued to . Yesterday, I received a Notice of FNMA Enhancement in the mail. Scammers can get your contact information by searching through these records. Press question mark to learn the rest of the keyboard shortcuts. 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. Thank you for this posting and explanation. Fannie Mae will be implementing the following enhancements to DUS Disclose on January 29, 2021: The following new fields will be added to DUS Disclose: To assist market participants with the transition to these enhancements, we are providing the updated file layouts for the following files: If you have questions about DUS Disclose or the upcoming enhancements, please contact Fannie Mae's Investor Help Line by phone (1-800-232-6643) or by email. 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. 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. 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 No products in the cart. We partner with lenders to create housing opportunities for families across the country. (adsbygoogle = window.adsbygoogle || []).push({}); Have you received an FNMA Enhancement Notice? Such scams have become more common since loan modifications started after the Great Recession of 2008. Fannie Mae Single-Family MBS November 2021-F S 2 1. Many people have received letters titled Understanding FNMA Enhancements. Some of these letters cite home loans from McKesson Emps Federal and JFQ Lending. Details: Fnma enhancements letter 2020. hbbd```b``"WH uX," ``r5Bz^ 9&WM D ] REH2j` RHONw ;~ Fannie Mae says that conventional loans typically require a minimum credit score of 620. (yo|PcRhHM-c!cHF.* e;Z!jGjvY3hU>Js;3ZM=>*!Yto;XIj"hkx0xQ1R#ff[elv*~cyMtq-M? It was founded in 1938 by Congress as a government-sponsored enterprise in order to provide funding to make housing more affordable. They are the same. It also lists resources we offer to inform and assist you, especially if you ever have a financial hardship or need help recovering from a natural disaster. 3, 2020. The bottom of the letter states that, "This is a third-party offer from JFQ Lending, Inc.". In addition, we do not sell or distribute your personal information to non-affiliated third parties. The letters appear to come from JFQ Lending. I want as many scams to be exposed as possible, as well as drill home the importance of doing your research before responding to any letter, email, etc. While lenders arent required to participate, many do, including Quicken Loans (Rocket Mortgage). Choose Know Your Options from the drop-down menu. Save my name, email, and website in this browser for the next time I comment. To enhance this particular program, FNMA expanded its eligibility back in June 2021. Thank you so much! This is often the amount of equity you'll need if you want to do a cash-out refinance, too. So glad you found this helpful. Please have eligibility code ********* ready when calling our Enhancements Help Desk to discuss your new loan information. They make it look like it's from your lender and give you a ref # to provide when you call in so they can feel the nibble and know to go after you. Have a great day and thanks for your thoughtful comment! It started the program for 2021 on June 5. This citation states that using these . It started the program for 2021 on June 5. 11/29/2012- Fannie Mae Lender Letter 2012-11 Confirmation of Conventional Loan Limits for 2013 The primary difference between Freddie Mac and Fannie Mae is where they source their mortgages from. It's important to note that information about mortgages is on public record. what is fnma enhancements letter 2021. Now, we have got the complete detailed explanation and answer for everyone, who is interested! (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. Additionally, the files will be sorted in descending order, so that the most recent file is at the top of the list. The letter gives me a reference number that I am to quote when calling. FHA loans allow lower credit scores than conventional mortgages do, and are easier to qualify for. 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. May 4, 2022 Increasing our expense reimbursement limits for interior and exterior property inspections. Nailed it. 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. The letter identifies your mortgage servicerthe company responsible for collecting your monthly payments on our behalf and providing customer service.