Why does my credit report list our mortgage as a Fannie Mae account? As part of the kickoff to the Year Of Paying Cash And Not Screwing Up (yay), I pulled our credit reports from Equifax tonight. We’ve had a conventional, 30-year mortgage with GMAC (no PMI) since 2003. In the comments under our GMAC listing, it says “Fannie Mae account.” Just curious, why would that be worth noting? I don’t remember seeing it on prior reports, but maybe Fannie just wasn’t on my radar screen before.
And on a side note, does anyone know what would happen to mortgagees if GMAC doesn’t survive its restructuring?
(I think I felt better when I wasn’t paying close attention to stuff like this.)