source:
  type: guide
  id: fnma-svc-a2-3-01
  authority: Fannie Mae Servicing Guide A2-3-01 — Servicer Compensation
  description: Fannie Mae Servicing Guide A2-3-01 — Servicer Compensation.
  coverage_tier: operative
obligations:
- id: fnma-svc-a2-3-01-full
  canonical_id: fnma-svc-a2-3-01-full
  section: Fannie Mae Servicing Guide A2-3-01 — Servicer Compensation
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide A2-3-01 — Servicer Compensation
    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: 'A2-3-01, Servicer Compensation (12/14/2016) Introduction This
      topic contains the following: Servicing Fees Calculating and Collecting Servicing
      Fees Servicing Fees Servicing fees are payable to the servicer from the time
      Fannie Mae purchases or securitizes a mortgage loan until it is liquidated (or
      otherwise removed from an MBS pool or Fannie Mae’s active accounting records),
      as long as the servicer collects or remits the mortgage loan payments. As compensation
      for servicing mortgage loans for Fannie Mae, Fannie Mae pays the servicer servicing
      fees and allows it to retain the following: late charges, fees charged for certain
      servicing activities, yield diﬀerential adjustments, and in some cases, either
      a share or all of any applicable prepayment premiums that Fannie Mae permits
      under the terms of a negotiated contract. As described in the Lender Contract,
      the servicer bears the cost of servicing mortgage loans sold to Fannie Mae,
      except as expressly provided otherwise in Fannie Mae’s Guides. The servicing
      fee that Fannie Mae pays the servicer and the other revenue sources consistent
      with the Guides are intended to compensate the servicer for a variety of standard
      activities associated with the servicing of mortgage loans. The servicer may
      not sell, assign, transfer, pledge, or hypothecate its servicing compensation
      (or any portion of it) or enter into any agreement that would result in the
      sale, assignment, transfer, pledge, or hypothecation of Published May 13, 2026
      86 that income or its servicing rights, except under the conditions and circumstances
      speciﬁed in A2-7-02, Pledge of Servicing Rights and Transfer of Interest in
      Servicing Income. Calculating and Collecting Servicing Fees The exact servicing
      fee that applies to any given mortgage loan appears on the trial balance report
      that is produced by Fannie Mae’s investor reporting system (see the Investor
      Reporting Manual). Because servicing fees are computed on the same UPB and for
      the same period as the interest portion of the monthly installment, the servicer
      generally can base its servicing fee calculation on the interest collected.
      However, when a mortgage loan is undergoing negative amortization, servicing
      fees must be based on the interest amount that is accrued, rather than on the
      amount that was actually collected. For mortgage loans where military indulgence
      is warranted or required under the SCRA, see D2-3.4-01, Military Indulgence,
      for the calculation of servicing fees. The servicer is authorized to obtain
      its servicing fee compensation by way of the methods in the following table.
      If the servicing fee is paid… Then the servicer is authorized to obtain its
      servicing fee compensation by… on a monthly basis • deducting its fee from each
      borrower’s payment before it is deposited to the custodial account, or • writing
      itself a check against its custodial account for the amount of servicing fee
      that is due each month. upon liquidation of the mortgage loan • deducting its
      fee from the amount sent to Fannie Mae when the borrower pays oﬀ their mortgage
      loan, • deducting its fee from the proceeds of a third-party foreclosure sale
      if sold for total mortgage indebtedness, or • deducting its fee from the amount
      remitted to redeem an acquired property if the property is redeemed for total
      mortgage indebtedness. Depending on the type of mortgage loan, the servicer
      is authorized to retain additional servicing compensation as described in the
      following table. If the mortgage loan is a… Then the servicer is authorized
      to retain as additional servicing compensation the amount by which the mortgage
      coupon rate exceeds… portfolio mortgage loan • Fannie Mae’s PTR for a mortgage
      loan, or • Fannie Mae’s required yield for a participation interest. Published
      May 13, 2026 87 If the mortgage loan is a… Then the servicer is authorized to
      retain as additional servicing compensation the amount by which the mortgage
      coupon rate exceeds… MBS mortgage loan • the PTR for a ﬁxed-rate MBS mortgage
      loan, • the pool accrual rate for a stated-structure ARM MBS pool, or • the
      accrual rate for the mortgage loan for a weighted-average ARM MBS pool, to the
      extent that it is greater than the minimum allowable retained servicing spread
      but less than the maximum allowable retained servicing spread. Recent Related
      Announcements There are no recently issued Announcements related to this topic.'
  judgment: false
