2012-05-03mfi-miami.com

Fannie Mae and Freddie Mac guidelines specifically say that Fannie Mae and Freddie Mac are the owners of the respective notes regardless if it's in their respective portfolio or not.  Unlike most Mortgage Backed Securities which have separate Trustees and Insurance Providers, Fannie Mae and Freddie Mac act fulfills both responsibilities.  Therefore, both Fannie Mae and Freddie Mac contend that if they insure it, they are considered the owner.

As you can see below, Fannie Mae and Freddie Mac specifically instructs the servicer's attorney to assign  the mortgage into the name of the servicer.  Fannie Mae and Freddie Mac guidelines specifically say that the mortgage is to be assigned into the servicer's name and that both Fannie Mae and Freddie Mac will assign "Temporary Ownership" of the note to the servicer.



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