F-2-09, Servicing Fees for Portfolio Mortgage Loans (09/11/2019)

Introduction

This exhibit contains servicing fees for portfolio mortgage loans.

Servicing Fees for Portfolio Mortgage Loans

Servicing Fees for Portfolio Mortgage Loans

The following table describes the servicing fees that apply to portfolio mortgage loans.

Product	Servicing Fee
RD direct-leveraged conventional fixed-rate mortgage loans and RD-guaranteed fixed-rate mortgage loans	0.25% minimum fee
HUD-guaranteed Section 184 mortgage loans and FHA-insured Section 248 mortgage loans with a fixed interest rate	0.5% maximum fee 0.25% minimum fee
FHA-insured Section 248 mortgage loans with an adjustable interest rate	0.25% minimum fee 0.5% maximum fee
HomeStyle Renovation mortgage loans with a fixed interest rate	0.25% minimum fee 0.5% maximum fee for mortgage loans delivered on or after June 1, 2019
HomeStyle Construction-to-Permanent mortgage loans with an adjustable interest rate	0.25% minimum fee 1% maximum fee during construction phase, only if the mortgage loan is delivered under a commitment that specifies the premium pricing option 0.5% maximum fee during permanent phase, only if the mortgage is delivered under a commitment that specifies the premium pricing option
HomeStyle Construction-to-Permanent mortgage loans with a fixed interest rate	0.25% minimum fee 1% maximum fee during construction phase if the mortgage loan is delivered under a commitment that specifies the premium pricing option 0.5% maximum fee upon completion of the construction phase, if the mortgage loan is delivered under a commitment that specifies the premium pricing option or the mortgage loan is delivered on or after June 1, 2019
FHA Title I mortgage loans	0.5% minimum fee 1.25% maximum fee
Fixed-rate second-lien mortgage loans	0.5% minimum fee 1.25% maximum fee
Conventional fixed-rate, fully amortizing first-lien mortgage loans with the scheduled/scheduled remittance type	0.25% minimum fee 0.5% maximum fee for mortgage loans delivered on or after June 1, 2019
All other fixed-rate monthly payment first-lien mortgage loans with an actual/actual or scheduled/actual remittance type	Either 0.25% or 0.375% minimum fee (at lender's option) 0.5% maximum fee for mortgage loans delivered on or after June 1, 2019
Biweekly payment first-lien mortgage loans	Either 0.25% or 0.375% minimum fee (at lender's option)
All ARM loans	0.25% minimum fee

Recent Related Announcements

The table below provides references to recently issued Announcements that are related to this topic.

Announcements	Issue Date
Announcement SVC-2019-06	September 11, 2019