Servicing Guide

Published November 10, 2020

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F-2-10: Servicing Fees for Portfolio Mortgage Loans (09/11/2019)

This exhibit contains servicing fees for portfolio mortgage loans.

 

Servicing Fees for Portfolio Mortgage Loans

The following table describes the servicing fees that apply to portfolio mortgage loans.

Product Servicing Fee

RD direct-leveraged conventional fixed-rate mortgage loans and RD-guaranteed fixed-rate mortgage loans

0.25% minimum fee

HUD-guaranteed Section 184 mortgage loans and FHA-insured Section 248 mortgage loans with a fixed interest rate

0.5% maximum fee

0.25% minimum fee

FHA-insured Section 248 mortgage loans with an adjustable interest rate

0.25% minimum fee

0.5% maximum fee

HomeStyle Renovation mortgage loans with a fixed interest rate

0.25% minimum fee

0.5% maximum fee for mortgage loans delivered on or after June 1, 2019

HomeStyle Construction-to-Permanent mortgage loans with an adjustable interest rate

0.25% minimum fee

1% maximum fee during construction phase, only if the mortgage loan is delivered under a commitment that specifies the premium pricing option

0.5% maximum fee during permanent phase, only if the mortgage is delivered under a commitment that specifies the premium pricing option

HomeStyle Construction-to-Permanent mortgage loans with a fixed interest rate 0.25% minimum fee

1% maximum fee during construction phase if the mortgage loan is delivered under a commitment that specifies the premium pricing option

0.5% maximum fee upon completion of the construction phase, if the mortgage loan is delivered under a commitment that specifies the premium pricing option or the mortgage loan is delivered on or after June 1, 2019

FHA Title I mortgage loans

0.5% minimum fee

1.25% maximum fee

Fixed-rate second-lien mortgage loans

0.5% minimum fee

1.25% maximum fee

Conventional fixed-rate, fully amortizing first-lien mortgage loans with the scheduled/scheduled remittance type

0.25% minimum fee

0.5% maximum fee for mortgage loans delivered on or after June 1, 2019

All other fixed-rate monthly payment first-lien mortgage loans with an actual/actual or scheduled/actual remittance type

Either 0.25% or 0.375% minimum fee (at lender's option)

0.5% maximum fee for mortgage loans delivered on or after June 1, 2019

Biweekly payment first-lien mortgage loans

Either 0.25% or 0.375% minimum fee (at lender's option)

All ARM loans

0.25% minimum fee

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