F-2-09, Servicing Fees for Portfolio Mortgage Loans (09/11/2019)
Introduction
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 |
Recent Related Announcements
The table below provides references to recently issued Announcements that are related to this topic.
| Announcements | Issue Date |
|---|---|
| Announcement SVC-2019-06 | September 11, 2019 |
