Servicing Guide

Published September 9, 2020

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Does Fannie Mae reimburse out-of-pocket expenses related to a payment deferral?

Reimbursement for Payment Deferral Expenses and Fees

The servicer must pay any necessary and actual out-of-pocket expenses in accordance with the Servicing Guide associated with execution of a payment deferral.

The servicer must pay any out-of-pocket expenses, including, but not limited to, the following:

  • required notary fees,
  • recording costs,
  • title costs, or
  • any other allowable and documented expense.

Note: The above expenses must not be included in the non-interest bearing balance created by a disaster payment deferral. With regard to expenses that are advanced to third-parties in accordance with this Guide and included in the non-interest bearing balance created by a disaster payment deferral, the servicer will not automatically be reimbursed for expenses related to a disaster payment deferral upon completion of the disaster payment deferral, but instead must request reimbursement from Fannie Mae. The servicer must submit its request for expense reimbursement for expenses advanced and included in the non-interest bearing balance within 60 days of the completion of the disaster payment deferral. See E-5-01, Requesting Reimbursement for Expenses for additional information.

Fannie Mae will reimburse the servicer for allowable out-of-pocket expenses in accordance with this Procedure.

Servicing fees, guaranty fees, and excess servicing fees (if applicable) will be reimbursed for mortgage loans that receive a payment deferral at the time the mortgage loan matures or is paid-in-full through a credit to the servicer’s custodial account.

For more information please see Servicing Guide F-1-05, Expense Reimbursement.

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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.

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