Have Servicing Questions? Ask Poli

AskPoli

Fannie Mae customers! Get answers to your Servicing Guide & policy questions with Fannie Mae's AI-powered search tool.

Launch Ask Poli for Servicers  

Guide Resources

Access forms, announcements, lender letters, notices, and more to stay current on our servicing policies.

View Resources  

F-2-02: Incentive Fees for Workout Options (10/11/2023)

Introduction

This exhibit contains incentive fees for workout options.


Incentive Fees for Workout Options

The following table lists the incentive fees for certain workout options that will be paid on mortgage loans where Fannie Mae bears the risk of loss.

Note: Servicer incentive fees for retention workout options will be cumulatively capped at a total of $1,000 per mortgage loan, regardless of whether the initial retention workout option and any subsequent retention workout option were a result of the same hardship. Liquidation workout options are not subject to the cumulative incentive fee cap.

Workout Option Incentive Fee Additional Information

Repayment Plan

$500

The following conditions must be satisfied:

  • The mortgage loan must be 60 days or more delinquent when first reported with a delinquency status code 12 – Repayment Plan.

  • The mortgage loan must be brought current upon the successful completion of the repayment plan.

  • The mortgage loan must not be brought current in the same month as the delinquency status code 12 – Repayment Plan is reported.

  • The mortgage loan must not be paid in full or repurchased after the delinquency status code 12 – Repayment Plan is reported and before the mortgage loan becomes current.

  • If a repayment plan incentive fee has been paid for the mortgage loan previously, a 12-month period must have elapsed from the date the mortgage loan became current.

Payment Deferral, Disaster Payment Deferral $500 The servicer must complete the payment deferral or disaster payment deferral (i.e., submit the case via Fannie Mae’s servicing solutions system).

Fannie Mae Flex Modification

$1,000 The servicer must close the Fannie Mae Flex Modification within two months of the last day of the month in which the final Trial Period Plan payment is due.

Fannie Mae Short Sale

Number of Days the Mortgage Loan is Delinquent at the Time the Case is Closed in Fannie Mae’s servicing solutions system

Incentive Fee Amount

None

Less than or equal to 210 days delinquent

$2,500

211 days delinquent up to and including 300 days delinquent

$1,500

Greater than 300 days delinquent

$750

Fannie Mae Mortgage Release (Deed-in-Lieu of Foreclosure)

Number of Days the Mortgage Loan is Delinquent at the Time the Case is Closed in Fannie Mae’s servicing solutions system

Incentive Fee Amount

None

Less than or equal to 210 days delinquent

$2,500

211 days delinquent up to and including 300 days delinquent

$1,500

Greater than 300 days delinquent

$750


Recent Related Announcements

The table below provides references to recently issued Announcements that are related to this topic.

Announcements Issue date
Announcement SVC-2023-05 October 11, 2023
Announcement SVC-2020-07 December 9, 2020
Announcement SVC-2020-04 September 9, 2020

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles


AskPoli

Customers Recommend Ask Poli

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

Guide Resources

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.