The table below specifies the number of days Fannie Mae will add to the state foreclosure time frame to determine the servicer’s foreclosure time frame performance in accordance with the Fannie Mae Servicing Guide. ** Due to certain judicial decisions in Oregon, the servicer and mortgage default counsel in Oregon may, depending on the facts and circumstances of a particular case, decide to proceed with a judicial foreclosure without further approval from Fannie Mae.Ĭompensatory Fee Allowable Delays Exhibit Fannie Mae will provide procedural instructions and allowable fees if approval is granted. The servicer or law firm must submit a Non-Routine Litigation Form (Form 20 ) to request the necessary approval. Fannie Mae's Regional Counsel must approve the use of a different methodology prior to foreclosure initiation.
*This methodology is the preferred method of foreclosure for each jurisdiction.
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