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Underwater: Options When Your Mortgage Is Upside Down by Chris Lauer

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The following are just a few of the organizations that can help you if your mortgage is underwater:

Fannie Mae

In 2011, Fannie Mae, the Federal National Mortgage Association, guaranteed or purchased approximately $653 billion in loans, enabling lenders to finance more than 2.6 million single-family conventional loans and loans for 423,000 units in multifamily properties. It also completed more than 328,000 single-family loan workouts to help struggling homeowners avoid foreclosure. And it sold nearly 244,000 Fannie Mae single-family foreclosed properties, helping to stabilize neighborhoods and home values while minimizing ...

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