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©

2018

Fannie Mae Single Family Servicing Guide

Prohibited Fees for Special Services

The servicer is not authorized to charge the borrower fees relating to the following activities:

  • handling borrower disputes;

  • facilitating routine borrower collections;

  • arranging repayment or forbearance plans;

  • sending borrowers notices (sometimes called “demand” or “breach” letters) relating to nonpayment of principal, interest, taxes, or insurance in advance of a formal acceleration notice that matures the mortgage loan principal balance and begins the foreclosure process; and

  • updating the servicer’s records to “reinstate” a mortgage loan that has been brought current.

Also, the servicing fee generally is not intended to encompass certain additional work that the servicer performs at Fannie Mae’s request, e.g.

  • performing certain property inspections on mortgage loans in default,

  • handling certain workout options for which Fannie Mae has agreed to compensate the servicer, or

  • engaging in property preservation activities.

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