Fannie Mae is updating the maximum allowable foreclosure attorney fees for all Fannie Mae mortgage loans secured by properties located in the state of Pennsylvania and the District of Columbia. For purposes of this Notice, the term “active” is defined as a foreclosure matter that has not yet gone to foreclosure sale, and has not been concluded by some other event, for example: a Mortgage Release™, short sale, mortgage loan modification, payoff, or reinstatement.
The updated Allowable Foreclosure Attorney Fees Exhibit is available on Fannie Mae’s website.
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Pennsylvania
The new maximum allowable attorney fee for judicial foreclosures in the State of Pennsylvania is $2,350.
This fee applies to all matters referred to counsel for initiation of foreclosure on or after June 1, 2012, by the
present or prior servicer, provided the matter is still active as of the date of this Servicing Notice.
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District of Columbia
The new established maximum allowable attorney fee for judicial foreclosures in the District of Columbia is $2,250.
All new Fannie Mae foreclosures in the District of Columbia must be commenced as judicial foreclosures.
All pending Fannie Mae non-judicial foreclosures in the District of Columbia that have not proceeded to sale must be dismissed and converted to judicial foreclosures.
This fee applies to all matters referred to counsel for initiation of foreclosure on or after April 1, 2014, by the
present or prior servicer, provided the matter is still active as of the date of this Servicing Notice.
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NOTE:
Hawaii’s non-judicial fee has been updated to “N/A” to reflect the Servicing Notice, dated June 10, 2011,requiring all new Fannie Mae foreclosures in Hawaii to be commenced as judicial foreclosures.
