FNMA Servicing Guide A2-3-04 / A2-3-05 / A2-3-06 — Late Charge Reporting / Prohibited & Allowable Servicing Fees / Prepayment Premiums

fnma-svc-a2-3-fees

FNMA Servicing Guide A2-3-04, A2-3-05, and A2-3-06 govern fees and premiums: monthly late-charge collection reporting via FNMA investor reporting system; categorically prohibited servicer fees (borrower disputes, routine collections, repayment/forbearance arrangement, breach letters, reinstatement-record updates); allowable additional-work fees (ownership change, insurance replacement, release, expedited service, duplicate payoff statements, phone pay, assumption consummation); ARM-adjustment fee restrictions; ARM-to-fixed conversion processing-fee caps ($100/$250); transfer-of-ownership and assumption fee schedule (cost-based + reasonableness); prepayment-premium prohibition except negotiated-contract loans; no-prepayment-premium-on-default- acceleration rule. Fills FNMA Servicing A2-3 fee chapter gap.

This register: .xlsx .csv

Verbatim regulatory text (5)

Verbatim provisions from FNMA Servicing Guide A2-3-04 / A2-3-05 / A2-3-06 — Late Charge Reporting / Prohibited & Allowable Servicing Fees / Prepayment Premiums — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FNMA Servicing Guide A2-3-04 — Report monthly late charges collected via FNMA investor reporting

The servicer must report the amount of late charges it collects each month for a given mortgage loan as part of the monthly activity information it provides through Fannie Mae’s investor reporting system.

Source: FNMA Servicing Guide A2-3-04 — Late charge reporting · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide A2-3-05 — Prohibited servicing fees (disputes, collections, repayment plans, breach letters, reinstatement records)

The servicer is not authorized to charge the borrower fees relating to the following activities:

Source: FNMA Servicing Guide A2-3-05 — Prohibited Fees for Servicing · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide A2-3-05 — No fees for ARM interest rate or payment changes

may not charge fees for the interest rate or payment changes that are required periodically for ARM loans, although it may charge a processing fee to cover the administrative costs of converting an ARM loan to a fixed-rate mortgage loan, limited to $100 for most ARM plans or $250 for ARM plans that include a monthly conversion option.

Source: FNMA Servicing Guide A2-3-05 — Additional Fee Assessment Guidelines (ARM adjustments) · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide A2-3-05 — FHA/VA assumption fees follow agency-specific maximums

must follow FHA or VA requirements regarding the maximum allowable assumption fees for these government mortgage loans.

Source: FNMA Servicing Guide A2-3-05 — Additional Fee Assessment Guidelines (FHA/VA assumptions) · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide A2-3-06 — No prepayment premium except under negotiated-contract loans

The servicer must not collect prepayment premiums from the borrower when a mortgage loan is paid in full —unless the mortgage loan was delivered under a negotiated contract that specifically permitted enforcement of the provisions of the mortgage documents that authorized the charging of a premium for prepayments.

Source: FNMA Servicing Guide A2-3-06 — Prepayment Premiums · source URL · snapshot f662f911b3ddaf1d

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Source of record: https://claudeforcompliance.com/regs/fnma-svc-a2-3-fees/ · register fnma-svc-a2-3-fees · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.