source:
  type: guide
  id: fnma-svc-f-2-02
  authority: Fannie Mae Servicing Guide F-2-02 — Incentive Fees for Workout Options
  description: Fannie Mae Servicing Guide F-2-02 — Incentive Fees for Workout Options.
  coverage_tier: operative
obligations:
- id: fnma-svc-f-2-02-full
  canonical_id: fnma-svc-f-2-02-full
  section: Fannie Mae Servicing Guide F-2-02 — Incentive Fees for Workout Options
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide F-2-02 — Incentive Fees for Workout Options
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'F-2-02, Incentive Fees for Workout Options (10/11/2023) Introduction
      This exhibit contains incentive fees for workout options. Incentive Fees for
      Workout Options Incentive Fees for Workout Options Published May 13, 2026 698
      The following table lists the incentive fees for certain workout options that
      will be paid on mortgage loans where Fannie Mae bears the risk of loss. Note:
      Servicer incentive fees for retention workout options will be cumulatively capped
      at a total of $1,000 per mortgage loan, regardless of whether the initial retention
      workout option and any subsequent retention workout option were a result of
      the same hardship. Liquidation workout options are not subject to the cumulative
      incentive fee cap. Workout Option Incentive Fee Additional Information Repayment
      Plan $500 The following conditions must be satisﬁed: • The mortgage loan must
      be 60 days or more delinquent when ﬁrst reported with a delinquency status code
      12 – Repayment Plan. • The mortgage loan must be brought current upon the successful
      completion of the repayment plan. • The mortgage loan must not be brought current
      in the same month as the delinquency status code 12 – Repayment Plan is reported.
      • The mortgage loan must not be paid in full or repurchased after the delinquency
      status code 12 – Repayment Plan is reported and before the mortgage loan becomes
      current. • If a repayment plan incentive fee has been paid for the mortgage
      loan previously, a 12-month period must have elapsed from the date the mortgage
      loan became current. Payment Deferral, Disaster Payment Deferral $500 The servicer
      must complete the payment deferral or disaster payment deferral (i.e., submit
      the case via Fannie Mae’s servicing solutions system). Fannie Mae Flex Modiﬁcation
      $1,000 The servicer must close the Fannie Mae Flex Modiﬁcation within two months
      of the last day of the month in which the ﬁnal Trial Period Plan payment is
      due. Published May 13, 2026 699 Workout Option Incentive Fee Additional Information
      Fannie Mae Short Sale Number of Days the Mortgage Loan is Delinquent at the
      Time the Case is Closed in Fannie Mae’s servicing solutions system Incentive
      Fee Amount None Less than or equal to 210 days delinquent $2,500 211 days delinquent
      up to and including 300 days delinquent $1,500 Greater than 300 days delinquent
      $750 Fannie Mae Mortgage Release (Deed-in-Lieu of Foreclosure) Number of Days
      the Mortgage Loan is Delinquent at the Time the Case is Closed in Fannie Mae’s
      servicing solutions system Incentive Fee Amount None Less than or equal to 210
      days delinquent $2,500 211 days delinquent up to and including 300 days delinquent
      $1,500 Greater than 300 days delinquent $750 Recent Related Announcements The
      table below provides references to recently issued Announcements that are related
      to this topic. Announcements Issue date Announcement SVC-2023-05 October 11,
      2023 Published May 13, 2026 700 Announcements Issue date Announcement SVC-2020-07
      December 9, 2020 Announcement SVC-2020-04 September 9, 2020'
  judgment: false
