Banks or Credit Unions Selling Loans to Freddie Mac

[Anne James]

Hello,

I'm in the market for a Home Equity Line of Credit (HELOC). My preference is to establish a relationship with a bank or credit union which sells their mortgage loans to Freddie Mac. According to #AskBP 095, Freddie Mac criteria permits 10 mortgages on a borrower's credit report. Other than calling all of the banks and credit unions in Sacramento, CA, is there a central location to obtain this information? If this question should be asked in another forum, please let me know. Thanks in advance!

[Chris Mason]

Central location to obtain all the mortgage guidelines? Internally we have a platform called AllRegs, but it is a nightmare to learn to use. It's part of your loan officer's job to know the answers to your questions, or go find them.

HELOCs are not fannie/freddie mortgages.