Fannie Mae issued Servicing Guide Announcement SVC-2025-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae updated:
- The “Allowable Bankruptcy Attorney Fee” exhibit to:
- Include the “Response to Motion to Determine Status” fee; and
- Rename the “Response to Final Cure Payment Notice” to “Response to Trustee’s Notice of Disbursements Made”; and
- Language in the Guide to clarify applicable mortgage loans subject to recourse or indemnification must be voluntarily repurchased before proceeding with a court-ordered bankruptcy cramdown.
The new allowable fee related to the updated the “Allowable Bankruptcy Attorney Fee” exhibit is applicable to legal services provided by the law firms for motion to determine status responses on or after December 1, 2025. Revisions related to mortgage loans subject to recourse or indemnification are effective February 1, 2026 (servicers are, however, encouraged to implement this policy clarification immediately).
Click to view the Fannie Mae Servicing Guide Announcement SVC-2025-06: https://www.tenaco.com/wp-content/uploads/2025/11/Fannie-Mae-Servicing-Guide-Announcement-SVC-2025-06-11-12-25.pdf
