Servicing Guide

The Servicing Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Servicing Guide in PDF format.

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What events may require additional legal services associated with the foreclosure?

Events that may require additional legal services include, but are not limited to, the following:

  • additional court appearances due to borrower delay or court-initiated continuances;

  • motions to shorten redemption periods (for instance, when a property has been abandoned);

  • litigation activities, including discovery practice, motions, trial, and appeal, engendered by borrower defenses not related to origination or servicing of the mortgage loan or the acts or omissions of a law firm selected and retained by the servicer;

  • probate court practice required due to the death of the borrower or co-borrower; or

  • intervention by other claimants, including taxing authorities or HOA or condo associations.

For more information please see: E-5-04, Allowable Foreclosure Fees

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Are the costs that are part of the foreclosure proceedings included within the maximum allowable foreclosure attorney fee?

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Will Fannie Mae reimburse attorney fees incurred to resolve unexpected events associated with the foreclosure?

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How can the servicer determine whether additional legal services outside the maximum allowable foreclosure attorney fee are acceptable?

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Are law firms permitted to perform additional services without compensation if requested by the servicer?

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Are there any services associated with the foreclosure that must be paid by the servicer without reimbursement from Fannie Mae?

Some of the services for which the servicer is obligated to pay counsel without reimbursement from Fannie Mae may include, but are not limited to, the...

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Will Fannie Mae reimburse the servicer for legal fees and expenses associated with servicing functions or any law firms overhead expenses related to a foreclosure?

Fannie Mae will not reimburse the servicer for legal fees and expenses related to actions that are essentially servicing functions or for expenses that...

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