Servicing Guide

Published September 9, 2020

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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 are properly allocated to the law firm’s overhead expenses, since such expenses are taken into consideration when Fannie Mae establishes its fee schedule.

Expenses that are generally considered to be overhead costs include:

  • travel time and expenses,

  • document preparation charges,

  • secretarial and word processing “time” charges,

  • fees for notary services,

  • photocopy charges,

  • charges for certified copies of documents,

  • charges for legal services to the trustee,

  • telephone charges, and

  • any charges for calls or correspondence to the servicer or Fannie Mae.

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

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

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Visit Selling and Servicing Guide Communications and Forms

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