Servicing Guide

Published June 10, 2020

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 milestone invoicing schedule should the servicer follow for compensating law firms for judicial foreclosure actions?

The following table sets forth the milestone invoicing schedule for a judicial foreclosure action. 

Judicial Foreclosure Milestone Percentage of Allowable Foreclosure Fee
Title requested 30%
Title reviewed 40%
Complaint filed 50%
Service started 60%
Service complete 70%
Affidavit/judgment prepared 80%
Judgment to court 90%
Bid reviewed/Confirmed 95%
Foreclosure sale held/Documents recorded 100%

For more information please see: E-5-05, Prorated Attorney Fees / Reimbursement of Uncollected Fees, Costs or Advances


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E-5-05: Reimbursing Law Firms/Reimbursement of Uncollected Fees, Costs or Advances (02/12/2020)

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