No, the transferee servicer is not eligible to receive any incentive fees for these retention workout options if the cumulative incentive fee cap has already been met due to workout options completed by the transferor servicer. Incentive fee eligibility is tied to the mortgage loan, not to the individual servicer.
Note: This FAQ is from the Fannie Mae COVID-19 Frequently Asked Questions.
See below for more information on COVID-19:
- Fannie Mae’s COVID-19 page
- The Impact of COVID-19 on Servicing
- Fannie Mae Servicing Lender Letter LL 2020 02