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A release of a portion of real property from the lien of a deed of trust securing a loan on commercial real property in Texas. Lenders in Texas customarily use a partial release of lien to discharge a deed of trust lien against some but not all of the borrower's real property.
By selling mortgages to companies such as Freddie Mac, lenders have the ability to continue making more home loans. Freddie Mac supports the secondary mortgage market by helping keep money flowing through the mortgage system, regardless of whether economic times are good or bad.
A partial release is a mortgage provision that allows some of the collateral to be released from a mortgage after the borrower pays a certain amount of the loan. Lenders require proof of payment, a survey map, appraisal, and a letter outlining the reason for the partial release.
Homebuyers must also meet minimum credit requirements to be eligible for Fannie Mae-backed mortgages. For a single-family home that is a primary residence, a FICO score of at least 620 for fixed rate loans and 640 for adjustable rate mortgages (ARMs) is required.
Fannie Mae was chartered by U.S. Congress in 1938 to provide a reliable source of affordable mortgage financing across the country. Today, our mission continues to provide a stable source of liquidity to support low- and moderate-income mortgage borrowers and renters.
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Freddie Mac Multifamily's Optigo network is a select group of Freddie Mac approved lenders (knowns as Seller/Servicers). Optigo Seller/Servicers and Freddie Mac work together to provide flexible funding solutions to Borrowers and support the financing of affordable rental housing.
Information from this form is used to ingest Mortgage information and details of the Servicemember's Period of Military Service into a Single-Family Operations Investor Reporting database to ensure the interest rate cap is correctly applied to each eligible Mortgage.
Each of the two entities then either holds onto those mortgages as part of their own portfolio or repackages them into mortgage-backed securities. Fannie Mae is actually the nickname for the Federal National Mortgage Association, while Freddie Mac is the nickname for the Federal Home Loan Mortgage Corporation.
Being a Freddie Mac Seller/Servicer means you'll have access to a wide range of mortgage solutions to meet the diverse needs of your borrowers and your business, along with technology solutions that help you work smarter.
Which situation would require a partial release? A borrower who wishes to sell a property that is part of a *blanket mortgage*(multiple properties and one mortgage loan) would need the lender to issue a partial release on the property being sold to release the lien and give the property a clean title.

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