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 non-judicial foreclosure actions?

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

Non-Judicial Foreclosure Milestone Percentage of Allowable Foreclosure Fee
Title requested 30%
Title reviewed 65%
Notices started 75%
First legal 85%
Foreclosure sale package 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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