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Allowable Foreclosure Attorney Fees Exhibit (02/09/2022)

The following table contains the maximum attorney’s fees that Fannie Mae allows for legal work related to foreclosures for all Fannie Mae mortgage loans. The allowable fee applies for the life of the default and covers all services necessary to complete a routine foreclosure action in the jurisdiction.  In the event that a default is cured, such as by a completed loan modification or reinstatement, and the loan subsequently becomes delinquent again, a new allowable fee applies without the need for excess fee approval when the servicer must initiate new foreclosure proceedings.

State

 Non-Judicial Foreclosure

 Judicial Foreclosure

 Alabama

 $1,800(1)

 On Approval(2)

 Alaska

 $2,125

 On Approval(2)

 Arizona

 $1,800

 On Approval(2)

 Arkansas

 $1,800

 On Approval(2)

 California

 $1,800

 On Approval(2)

 Colorado

 $2,350

 On Approval(2)

 Connecticut

 N/A

 $3,450(4),(5)

 Delaware

 N/A

 $2,600

 District of Columbia

 N/A

 $3,050

 Florida

 N/A

 $4,350(12)

 Georgia

 $1,800

 On Approval(2)

 Guam

 $2,350

 On Approval(2)

 Hawaii

 N/A

 $9,350(8)

 Idaho

 $1,650

 On Approval(2)

 Illinois

 N/A

 $3,200

 Indiana

 N/A

 $2,975

 Iowa

  On Approval

 $2,600

 Kansas

 N/A

 $2,550

 Kentucky

 N/A

 $3,200

 Louisiana

 N/A

 $2,650

 Maine

 N/A

 $4,250(4)

 Maryland

 $3,200(6)

 On Approval(2)

 Massachusetts

 N/A

 $3,675(4)

 Michigan

 $2,025

 On Approval(2)

 Minnesota

 $1,875(9)

 On Approval(2)

 Mississippi

 $1,600(1)

 On Approval(2)

 Missouri

 $1,800

 On Approval(2)

 Montana

 $1,925

 On Approval(2)

 Nebraska

 $1,500

 On Approval(2)

 Nevada

 $2,125

 On Approval(2)

 New Hampshire

 $1,825

 On Approval(2)

 New Jersey

 N/A

 $4,775

 New Mexico

 N/A

 $4,250

 New York

 $1,550(10)

 $5,650(4),(10)

 North Carolina

 $2,300

 On Approval(2)

 North Dakota

 N/A

 $2,500

 Ohio

 N/A

 $3,200

 Oklahoma

 N/A

 $2,875

 Oregon

 $1,800

 $3,925

 Pennsylvania

 N/A

 $3,400

 Puerto Rico

 N/A

 $3,025(4),(11)

 Rhode Island

 $2,400

 On Approval(2)

 South Carolina

 N/A

 $3,025

 South Dakota

 N/A

 $2,400

 Tennessee

 $1,600

 On Approval(2)

 Texas

 $1,800⁷

 $3,100 (2),(13)  

 Utah

 $1,800

 On Approval(2)

 Vermont

 N/A

 $3,400

 Virgin Islands

 N/A

 $2,825

 Virginia

 $2,100

 On Approval(2)

 Washington

 $1,925

$3,250(2),(3)

 West Virginia

 $1,550(1),(6)

 On Approval(2)

 Wisconsin

 N/A

 $2,775

 Wyoming

 $1,650

 On Approval(2)

Footnotes:

(1)This fee covers the combined attorney's and notary's fees.

(2)Because this is not the preferred method of foreclosure, the servicer must obtain approval of its use from Fannie Mae's Regional Counsel prior to initiation by submitting the Non-Routine Litigation Form (Form 20). Applicable fees will be authorized through the Excess Fee process. 

(3)In Washington, the $3,250 fee only applies to judicial foreclosure actions involving e-Notes, as Fannie Mae’s prior approval is not required to proceed judicially for e-Note foreclosures. For all other judicial foreclosure actions in Washington, Fannie Mae approval is required (see footnote 2).

(4)This fee includes the work to complete the transfer of title to a successful bidder when the property is sold to a third party.

(5)This fee applies to Strict Foreclosures. If the court orders a Foreclosure by Sale (or a Foreclosure by Market Sale on or after January 1, 2015), the fee will be $3,725.

(6)This fee includes the attorney's fee, the notary’s fee and the trustee's commission (or statutory fee).

(7)Fannie Mae will not reimburse the servicer for posting costs incurred after September 1, 2015, in connection with Texas foreclosures, as these services are included in the allowable foreclosure attorney fee.

(8)This fee applies to judicial foreclosures in Honolulu County. The maximum fee for all other counties is $10,400.

(9)For any case in which the attorney provides services for “proceedings subsequent” (or “PS”) that involve registered land, Fannie Mae will reimburse an additional $750 attorney fee as well as any actual, reasonable and necessary costs associated with the PS action. The Mortgage Default Counsel law firm retained by the servicer must request reimbursement of these PS fees and costs directly from Fannie Mae instead of billing them to the servicer.

(10)In New York, the non-judicial foreclosure process is to be used only in connection with cooperative share loans. The fee includes all steps in the foreclosure process, including the transfer of the stock and the lease for an occupied cooperative unit.

(11)In addition to the allowable foreclosure fee, Fannie Mae will pay a notary fee up to the greater of $250 or one percent (1%) of the bid amount on the mortgage being foreclosed.

(12)The allowable fee for foreclosures in Florida, where judgment is obtained as a result of an uncontested trial, is established at $5,525.

(13)This fee applies only to a judicial foreclosure involving a Texas Section 50(a)(6) mortgage loan.  

When a servicer requests reimbursement from Fannie Mae for a fee amount based on specified conditions contained in a footnote above, the servicer’s reimbursement request must contain a description or sufficient supporting documentation to allow Fannie Mae to properly evaluate the request.

  

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