Five Brothers

Fannie Mae Servicing Notice: Updates to Allowable Attorney Foreclosure Fees

 

March 28, 2014

 

Servicing Notice

 

Updates to Allowable Attorney Foreclosure Fees

 

This Notice updates Fannie Mae's maximum allowable foreclosure attorney fees for mortgage loans, participation pool mortgage loans, and MBS mortgage loans serviced under the special servicing option secured by properties located in the state of New York.

 

The allowable attorney fees for judicial foreclosures where judgment is obtained as a result of an uncontested trial are updated as follows:

  • State of New York: $3,650
  • City of New York and Long Island (Nassau and Suffolk Counties): $4,250

 

These fees apply to foreclosure matters where judgment is obtained via an uncontested trial that takes place on or after January 1, 2013.

 

 NOTE:  The Allowable Attorney and Trustee Foreclosure Fees exhibit on Fannie Mae's website has been updated to reflect these changes and to correct an error in the footnote annotations for the states of Maryland, Michigan, Minnesota, Missouri, Nevada, North Carolina, Tennessee, Texas, Utah, Virgina and Washington.

 

Please click here to view the online Servicing Notice