(13)This fee applies only to a judicial foreclosure involving a Texas Section 50(a)(6) mortgage loan. (12)The allowable fee for foreclosures in Florida, where judgment is obtained as a result of an uncontested trial, is established at $5,525. (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. The fee includes all steps in the foreclosure process, including the transfer of the stock and the lease for an occupied cooperative unit. (10)In New York, the non-judicial foreclosure process is to be used only in connection with cooperative share loans. 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. (9)For any case in which the attorney provides services for вЂњproceedings subsequentвЂќ (or вЂњPSвЂќ) 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. Fannie Mae's property maintenance practices are part of its overall neighborhood stabilization efforts, which include. We consistently maintain and offer best-in-class, market-ready properties. Our mission is to ensure the quality of our real estate owned (REO) property maintenance services. The maximum fee for all other counties is $10,400. Real Estate Owned (REO) Agents and Vendors. (8)This fee applies to judicial foreclosures in Honolulu County. (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. (6)This fee includes the attorney's fee, the notaryвЂ™s fee and the trustee's commission (or statutory fee). 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. (5)This fee applies to Strict Foreclosures. (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. For all other judicial foreclosure actions in Washington, Fannie Mae approval is required (see footnote 2). (3)In Washington, the $3,250 fee only applies to judicial foreclosure actions involving e-Notes, as Fannie MaeвЂ™s prior approval is not required to proceed judicially for e-Note foreclosures. Applicable fees will be authorized through the Excess Fee process.

(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).

(1)This fee covers the combined attorney's and notary's fees. 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. The allowable fee applies for the life of the default and covers all services necessary to complete a routine foreclosure action in the jurisdiction. This part provides reference materials to support this Guide.The following table contains the maximum attorneyвЂ™s fees that Fannie Mae allows for legal work related to foreclosures for all Fannie Mae mortgage loans. It includes the following subparts: Lender QC Process, Fannie Mae QC Process. This part discusses the quality control process for lenders and Fannie Mae. It includes the following subparts: General Information on Execution Options and Loan Delivery, Whole Loan Transactions, Mortgage-Backed Securities (MBS). This part describes the requirements associated with the two primary ways lenders transact business with Fannie Mae: selling whole loans for cash and pooling loans into Fannie Mae mortgage-backed securities (MBS), which includes Uniform Mortgage-Backed Securities (UMBS). It includes the following subparts: Loan Application Package, Eligibility, Underwriting Borrowers, Underwriting Property, Unique Eligibility and Underwriting Considerations, Government Programs Eligibility and Underwriting Requirements, Insurance, Closing: Legal Documents. This part provides the requirements for originating conventional and government loans for sale to Fannie Mae. It includes the following subparts: Approval Qualification, Lender Contract, Getting Started With Fannie Mae, Maintaining Seller/Servicer Eligibility. This part also includes information on an approved lenderвЂ™s contractual obligations, procedures for obtaining technology applications, and requirements for maintaining lender eligibility. This part describes the requirements a lender must satisfy to become a Fannie Mae-approved seller and servicer of residential home mortgage loans.

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