Servicing Guide

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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F-2-03: Compensatory Fee Calculation Examples (02/13/2019)

This exhibit contains compensatory fee calculation examples.

 

Compensatory Fee Calculation Examples

The following examples illustrate how compensatory fees will be calculated using the following formula:

UPB x (Daily PTR/365) x Number of Days Delayed.

Example #1: Mortgage Loan-Level Compensatory Fee Analysis Resulting in a Compensatory Fee: In this mortgage loan-level example, the servicer exceeded Fannie Mae's allowable foreclosure time frame and would be billed a compensatory fee in the amount of $728.77.

Property Located in Florida

UPB

$100,000

PTR

4.75%

LPI

02/01/2013

Property Located in Florida

Foreclosure Sale Date

10/15/2015

Servicer's Overall State Foreclosure Time Frame

986 days

Fannie Mae's Overall Allowable Foreclosure Time Frame for Florida

930 days

Allowable Delays Reported

0 days

Number of Days Over Allowable Foreclosure Time Frame

56 days

Compensatory Fee

($100,000)(.0475/365)*(56) = $728.77

Example #2: Mortgage Loan-Level Compensatory Fee Analysis Not Resulting in a Compensatory Fee: In this mortgage loan-level example, the servicer performed under Fannie Mae's allowable foreclosure time frame by 53 days, so a compensatory fee would not be assessed against the servicer for this mortgage loan.

Property Located in Colorado

UPB

$200,000

PTR

5.25%

LPI

10/01/2015

Foreclosure Sale Date

12/01/2016

Servicer's Overall State Foreclosure Time Frame

427 days

Fannie Mae's Overall Allowable Foreclosure Time Frame for Colorado

450 days

Allowable Delays Reported

30 days

Number of Days Under Allowable Foreclosure Time Frame

– 53 days

Compensatory Fee

Not Applicable

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