Mortgage Sold to Fannie Mae

Categories: Mortgage

Dear All,

We initially got our mortgage from HSBC, then refinanced with them last June. Yesterday we received a letter from Fannie Mae informing us that our loan was sold to them. However the mortgage is still serviced by HSBC.

What does this mean? Are there any benefits to have our mortgage owned by Fannie Mae?

Thanks for your input.

By lostintranslation | 07/21/2009 10:05 AM