Servicing Guide

Published September 9, 2020

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How should the servicer calculate mortgage loan-level compensatory fees not resulting in a compensatory fee?

The following example illustrates how compensatory fees will be calculated using the following formula:

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

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

For more information see Servicing Guide F-2-03, Compensatory Fee Calculation Examples.

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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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