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.
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.