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February 28, 2012

by billthemortgageguy

Great article from one of my co-workers Lana Haske!

Lana A Haske

Mortgages likely to change hands

 

Mortgages likely to change handsNo matter who owns your mortgage, the company that services it might change several times during the life of the loan. (Robin Jareaux/Photodisc, Getty Images / February 16, 2012)
By Alan J. Heavens, The Philadelphia InquirerFebruary 24, 2012

“Who owns my mortgage?”

It’s a frequently asked question, and the reason is always the same: A change is needed. Someone is trying to refinance the mortgage, or is trying to save a house from foreclosure, among possible scenarios.

Finding the answer to this question has become extremely important to many homeowners, but especially those in financial trouble. The many programs designed to stem the record tide of foreclosures have different requirements, depending on where your mortgage ended up after you signed that huge stack of papers at settlement.

No matter who owns your mortgage, the company that services it might change several times during the…

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