Please ignorethe letter anddispose of it like youwould any other junk mail. Thank you for sharing this information, and hopefully more people are informed about these scams. To get the necessary information, call our office at ***-***-**** before (date). ProFed members are reporting thatthey havereceivedletters in the mail telling them to call a numberregarding their mortgage before a certain date to benefit from a cash disbursement, shortened payment term, or lower mortgage payment. 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. "Recent amendments to. Freddie Mac can be reached at 800-373-3343 or Freddie Mac's website. Choose Know Your Options from the drop-down menu. FNMA Enhancements letter 2021 - scam or legit notice? I just received one of these letters from Camden Loans, and I will toss it. 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. 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=& 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! The property must be a one-unit primary residence including single-family residences, townhomes, and condos. This is likely to be the largest benefit program American homeowners have seen. .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 . The letter reads: Your current loan has been identified as being likely to benefit from the aggresive enhancements made to Fannie Mae eligibility. Share: Fannie Mae and Freddie Mac are government-backed mortgage companies created by the U.S. Congress. Some benefits could include a cash dispersement of $1,323.66, a shortened payment term or a lower mortgage payment. They perform an important role in the nation's housing finance system - to provide liquidity, stability and affordability to the mortgage market.They provide liquidity (ready access to funds on reasonable terms) to the thousands of banks, savings and loans, and mortgage companies that make loans to finance housing. Ilocated others online who received the exact same letter, but with a different financial institution listed at the bottom. Learn about our RefiNow enhancements: https://t.co/1DECdVYLF6 pic.twitter.com/odt9xm75Nc. JFQ is trying to get you to refi with them. Thank you for this posting and explanation. FNMA scamsters get your information about mortgages from public records. Press question mark to learn the rest of the keyboard shortcuts. Here's a scam warning from another bank about a very similar letter. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2023 by The Law Offices of Gerstenfield & Demirji, PC. I dont feel like I am in MY right mind, and it is easy to fall victim to bad actors. Feb. 01, 2023. They provide liquidity (ready access to funds on reasonable terms) to the thousands of banks, savings and loans, and mortgage companies that make loans to finance housing. (301) 589-9500, I have read and understand the disclaimer. The Revised QM Rule for the "verify" provision includes commentary (1026.43 (e) (2) (v) (B)-3.i) that cites Chapters B3-3 through B3-6 of the Selling Guide, published Jun. 0 ~L+w&7K5)1M~2L!v"%P\`X0IrmxA"@c|8dbnu`!*O2d(g19{V+z *gzQ;7QD>+9m U@0K.2"q7Cx"86 Bf"f'MHPwr/IYB]\`X; Ad8v9WK WM?DjxvA0H1TNVfkXSHffZ)% pj1774H'7Tl wpg>v%|m}SXy 2Y{[ 4bI5Ux| ^#%$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! , @ >/Metadata 29 0 R/Pages 722 0 R/StructTreeRoot 48 0 R/Type/Catalog/ViewerPreferences 748 0 R>> endobj 726 0 obj <>/MediaBox[0 0 612 792]/Parent 722 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 727 0 obj <>stream After the mortgage meltdown of 2008, Fannie Mae and Freddie Mac started to focus on loan modifications. 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. Subject: Lender Letter 2 1-02 - Loan Document Update . Multifamily Mortgage Business Lender Letter 2 1-02 . manchester united annual turnover; what dallas city council district am i in We partner with lenders to create housing opportunities for families across the country. @;HP( a30=@,`4`g\#wFgoF9%uSKmIse 4V1B@p:z C ProFed is not responsible for the content of the alternate website. Just got one, they used a little window in the envelope to call it a "Notice of FNMA Enhancement" and list my current lender's name, making it seem like it was from them. (adsbygoogle = window.adsbygoogle || []).push({}); Have you received an FNMA Enhancement Notice? 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 8720 Georgia Avenue, Suite 301 Silver Spring, Just got a letter from my mortgage administrator, Fannie Mae backed mortgage, saying that I may qualify for a $3000 payout, lower monthly payment and shorter term due to "FNMA enhancements". Most conventional loans are backed by mortgage companies Fannie Mae and Freddie Mac. and contain the line "Notice of FNMA Enhancement." The letters ask you to call 1-833-782-0648 and warns you to call before a certain date to secure economic benefits. . (adsbygoogle = window.adsbygoogle || []).push({}); As you can see from the letter I received, the financial institution listed is Intercontinental Capital Group Inc., but others have received the same letter from the financial institution JFQ Lending. 710 0 obj <> endobj As mentioned above, you can contact Fannie Mae safely and directly on their website if you have any questions or concerns. Also The letter looks very authentic, and it could easily fool a lot of people especially the elderly. Data Collections User Interface: For easier navigation on this page, we are adding the ability to collapse and expand the different file sections. Thanks for the post. This is the actual letter Ireceived. yup. I also got a letter from JFQ lending. Do you use an apostrophe in seasons greetings? I just got the same letterits for refinancing of mortgages. I also got an InterContinental Capital Group Inc. letter dated January 2022. Freddie Mac was chartered by Congress as a private company serving a public purpose. Download Lender Letter It was founded in 1938 by Congress as a government-sponsored enterprise in order to provide funding to make housing more affordable. To help expedite the process, please have your eligibility code available when calling. XA;3Pr#ASX x~[Vy # ^y*xgIAx.;Ix>T<>ui/&q^f7uQ]!hDY8YZ`&RY1PVo5+$;/#/r6OOg#Pt'iP4/_nf. Thank you so much! I bet that event puts my name and address in a public record and on a list that can be purchased. Fannie Mae (FNMA) was started by the federal government in 1938. Fannie and Freddie failed in large part because they made bad business decisions and held insufficient capital. 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. Typically, an apartment property that receives Fannie Mae Credit Enhancement looks like any other multifamily project. Save my name, email, and website in this browser for the next time I comment. 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. It was designed to help re-start the housing market after the Great Depression. Freddie Mac HFA Advantage mortgage is a high loan- to-value (LTV) conventional offering that's an excellent alternative to FHA lending requirements and mortgage premiums. Maryland 20910, Do you have any questions? By accessing the noted link you will be leaving ProFed's website and entering a website hosted by another party. Letter as necessary. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. Is Freddie Mac a government agency? The requirements related to maximum points and fees and APR-APOR spread for Exempt loans are described in LL-2021-11. 0 A To see if you live in an active zip code, just click below. Fannie Mae was founded back in 1938 to create more affordable housing within the United States and has been publically traded since 1968. I appreciate the info. For an interest rate swap, you must determine and advise Fannie Mae if the Borrower's interest rate hedge payment obligations are supported by a: Fannie Mae collateral agreement or credit enhancement instrument; or If you search for notice for FNMA enhancement, youll get a lot of scam warnings. (adsbygoogle = window.adsbygoogle || []).push({}); The notice begins by addressing you by name. 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. Here's a scam warning from another bank about a very similar letter. They perform an important role in the nation's housing finance system to provide liquidity, stability and affordability to the mortgage market. You need at least 3 percent for your down payment. 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! 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. Took a look at the bottom and boom. 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 No. 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.