Fannie Mae: SVC-2019-01: Servicing Guide Updates
February 13, 2019
Source: Fannie Mae
The Servicing Guide has been updated to include changes related to compensatory fees for delays in the liquidation process.
These changes are not applicable to reverse mortgage loans.
Compensatory Fee Requirements
We have updated A1-4.2-02, Compensatory Fees for Delays in the Liquidation Process and F-2-03, Compensatory Fee Calculation Examples to reflect changes recently communicated in Announcement SVC-2018-10. The changes update our policies and processes related to assessing compensatory fees for delays in foreclosure.
Contact your Fannie Mae account team, Portfolio Manager, or Fannie Mae’s Single-Family Servicer Support Center at 1-800-2FANNIE (1-800-232-6643) with any questions regarding this Announcement.
Carlos T. Perez
Senior Vice President and
Chief Credit Officer for Single-Family