Did you know that who your mortgage servicer is may not be as important as WHO the mortgage holder is? For example your loan may be serviced by Bank of America or Wells Fargo, but the owner of the mortgage maybe Fannie Mae or Freddie Mac.
Did you know that who your mortgage servicer is may not be as important as WHO the mortgage holder is? For example your loan may be serviced by Bank of America or Wells Fargo, but the owner of the mortgage maybe Fannie Mae or Freddie Mac.
To the unfamiliar, it can often confuse and bewilder. Fannie Mae and Freddie Mac. ARMS and APR. Clear title and Clouded title. Though these terms have special meaning to real estate professionals, they may often be meaningless to the consumer. To help you better understand the language of real estate, the California Land Title Association has defined some of today's most common real estate, lending and title terms.