Servicing Guide

Published October 14, 2020

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Allowable Foreclosure Attorney Fees Exhibit (09/09/2020)

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

 $1,7001

 On Approval2

 Alaska

 $2,000

 On Approval2

 Arizona

 $1,700

 On Approval2

 Arkansas

 $1,700

 On Approval2

 California

 $1,700

 On Approval2

 Colorado

 $2,200

 On Approval2

 Connecticut

 N/A

 $3,2004,5

 Delaware

 N/A

 $2,450

 District of Columbia

 N/A

 $2,875

 Florida

 N/A

 $4,10012

 Georgia

 $1,700

 On Approval2

 Guam

 $2,225

 On Approval2

 Hawaii

 N/A

 $9,0008

 Idaho

 $1,550

 On Approval2

 Illinois

 N/A

 $3,000

 Indiana

 N/A

 $2,800

 Iowa

 $1,275

 $2,450

 Kansas

 N/A

 $2,400

 Kentucky

 N/A

 $3,000

 Louisiana

 N/A

 $2,500

 Maine

 N/A

 $3,9504

 Maryland

 $3,0006

 On Approval2

 Massachusetts

 N/A

 $3,4004

 Michigan

 $1,900

 On Approval2

 Minnesota

 $1,7759

 On Approval2

 Mississippi

 $1,5001

 On Approval2

 Missouri

 $1,700

 On Approval2

 Montana

 $1,800

 On Approval2

 Nebraska

 $1,400

 On Approval2

 Nevada

 $2,000

 On Approval2

 New Hampshire

 $1,725

 On Approval2

 New Jersey

 N/A

 $4,500

 New Mexico

 N/A

 $4,000

 New York

 $1,45010

 $5,2254,10

 North Carolina

 $2,175

 On Approval2

 North Dakota

 N/A

 $2,350

 Ohio

 N/A

 $3,000

 Oklahoma

 N/A

 $2,700

 Oregon

 $1,700

 $3,700

 Pennsylvania

 N/A

 $3,200

 Puerto Rico

 N/A

 $2,8004,11

 Rhode Island

 $2,250

 On Approval2

 South Carolina

 N/A

 $2,850

 South Dakota

 N/A

 $2,250

 Tennessee

 $1,500

 On Approval2

 Texas

 $1,700⁷

 On Approval2

 Utah

 $1,700

 On Approval2

 Vermont

 N/A

 $3,200

 Virgin Islands

 N/A

 $2,650

 Virginia

 $1,700

 On Approval2

 Washington

 $1,800

$3,0502,3

 West Virginia

 $1,4501,6

 On Approval2

 Wisconsin

 N/A

 $2,600

 Wyoming

 $1,550

 On Approval2

Footnotes:

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

2Because 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. 

3In Washington, the $3,050 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).

4For jurisdictions other than New York, an additional $200 will be permitted when the property is sold to a third party and the attorney must perform additional work to complete the transfer of title to the successful bidder. For New York, the additional fee is $450.

5This 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 $3,450.

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

7Fannie 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.

8This fee applies to judicial foreclosures in Honolulu County. The maximum fee for all other counties is $10,000.

9For any case in which the attorney provides services for “proceedings subsequent” (or “PS”) that involve registered land, Fannie Mae will reimburse an additional $700 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.

10In 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.

11In 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.

12The allowable fee for foreclosures in Florida, where judgment is obtained as a result of an uncontested trial, is established at $5,200.

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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