Fannie Mae Announcement - All FNMA foreclosures in DC must go judicial -- Adverse Action Notices, Allowable Foreclosure Attorney Fees, Evaluation Model Clauses, and the Master Custodial Agreement

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Fannie Mae Announcement – All FNMA foreclosures in DC must go judicial — Adverse Action Notices, Allowable Foreclosure Attorney Fees, Evaluation Model Clauses, and the Master Custodial Agreement

Fannie Mae Announcement – All FNMA foreclosures in DC must go judicial — Adverse Action Notices, Allowable Foreclosure Attorney Fees, Evaluation Model Clauses, and the Master Custodial Agreement

Allowable Foreclosure Attorney Fees
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.
.
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.
.
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.
.
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.
[…]
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2 Responses to “Fannie Mae Announcement – All FNMA foreclosures in DC must go judicial — Adverse Action Notices, Allowable Foreclosure Attorney Fees, Evaluation Model Clauses, and the Master Custodial Agreement”

  1. Charles Reed says:

    Fannie is covering tracks as they been allowing fraudulent non-judicial foreclosure that have Forgeries delivered in the form of assignment of the securities instruments that DocX & MERS have created and the servicers/lenders have acted as if they are the “holder in due course” when they were just acting as the custodian of records.

    I am sure the other non-judicial states will be added to this list, because if it happening in PA & DC its happening coast to coast. Why do you think that the government insured loans that BOA & Wells Fargo wanted to transfer the servicing to some bootleg servicers, Ginnie has requested the titles to those loans.

    This is why Countrywide is giving BOA such a headache with huge fines, is that blank endorsed Notes without a purchase occurring cannot be foreclosed because the owner of the debt is not the owner of the Note. In the case of Countrywide and Washington Mutual Bank they not longer exist, and the debts are wipe clean because of the separation of Notes, debts & titles!

  2. anonymous says:

    “3 MILLION AMERICAN FAMILIES LOST THEIR HOMES TO FORECLOSURE IN 2008” (that’s 10-12 million people)
    “Meanwhile, billions of YOUR tax dollars continue to purchase beautiful new homes with subsidized mortgages…in Israel.”

    http://www.davidduke.com/images/foreign-aid-tax-dollars-to-israel-during-economic-crisis-photo-by-frank-pilla1.jpg

    Copied from http://www.Veteranstoday.com

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