It's common for lenders to sell home loans to another company, including Freddie Mac. This practice allows lenders to make more home loans. If you received a letter titled "Borrower Notification: Freddie Mac Has Purchased Your Mortgage Loan," don’t be alarmed. The letter is for informational purposes only, and you do not need to take action.
You Do Not Need to Take Action
No action is required on your part when you receive a borrower notification letter.
We do recommend that you file the letter with your other mortgage documents.
Why Your Lender Sold Your Loan
It's common for lenders to sell home loans to another company, including Freddie Mac, sometimes soon after you've closed on your home.
By selling mortgages to companies such as Freddie Mac, lenders have the ability to continue making more home loans.
Freddie Mac supports the secondary mortgage market by helping keep money flowing through the mortgage system, regardless of whether economic times are good or bad.
