If you are considering a short sale, it is important to know if your loan is owned or insured by Fannie Mae, Freddie Mac, or the Federal Housing Administration (FHA). Each entity has a particular short sale process.
To find out if you have a Fannie Mae loan, use their online lookup tool by going towww.knowyouroptions.com/loanlookup.
To find out if you have a Freddie Mac loan, use their online lookup tool by going tohttps://ww3.freddiemac.com/corporate/.
To find out if you have an FHA loan, first check your monthly loan statement since it might display the type of loan. You could also locate your HUD-1 Settlement Statement from when you purchased the house. At the upper right hand corner of the first page, if you see a 13-digit HUD case number, then that means you have an FHA loan. The Federal Housing Administration is part of the Department of Housing and Urban Development.