This schedule provides general information on common non-state specific fees and costs that could be associated with a mortgage loan account. It is not a complete list of all fees and costs. Whether or not the fees and costs can be assessed to an account will vary based upon the loan agreement and applicable federal, state and local requirements. This schedule is provided for informational purposes only.

The frequency of the fees and costs depend on how often services are requested or required, your payment status, and both investor and legal requirements.


Mortgage Related Fees and Costs
Type
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Description
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Amount Charged
Late Fee Charged when a scheduled payment is not received by the due date or within the courtesy period defined in the note. Fees are only charged for the amount specified in the note or contract, as permitted by applicable federal, state and local requirements. The amount varies by state.
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NSF Fee (also known as returned payment fee or returned check fee) Charged when a mortgage payment is made from a closed account or an account that doesn’t have adequate funds and the financial institution does not honor the payment. Fees are only charged as permitted by applicable state and federal law.  The amount varies by state.
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Annual Fee An annual charge for having a home equity line of credit. Fees are only charged for the amount specified in the note or contract, as permitted by applicable federal, state and local requirements. The amount varies by state.
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Prepayment Penalty Charged for paying off a mortgage loan or home equity line of credit prior to the maturity date. Not all loans include a prepayment penalty. Fees are only charged for the amount specified in the note or contract, as permitted by applicable federal, state and local requirements.  The amount varies by state.
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Payoff Quote Fee Charged when a payoff statement is prepared and sent to the borrower or an authorized party. Payoff quote fees are charged to customers only in the states of California ($30) and Nevada ($60).
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Lien Release Fee Lien release fees are charged to certain mortgage loan customers, as permitted by applicable federal, state and local requirements. The amount varies by state. $0.00 – $30.00
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Electronic Payment Fee Charged to make a mortgage payment by phone, either using the automated phone system or having a representative handle the payment. $0.00 to $19.00
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Subordination fee Charged when we are requested to acknowledge in writing that our lien position on the property is inferior to the lien position held by another on the same property. Such requests are received from other lenders asking that we subordinate our lien position to theirs. A $200 fee for review and process is charged to certain mortgage loan customers, as permitted by applicable federal, state and local requirements.
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Default Costs

Default costs follow contractual terms and federal, state, and local requirements, as well as investor and insurer guidelines, which often vary based upon account type, outstanding balance, account status as well as property location, size and condition.

Actual, reasonable foreclosure, repossession, default, and protective advance costs are passed on to the consumer as permitted by the contract and applicable federal and state laws and regulations. Such costs include, but are not limited to, taxes, lender-placed insurance, attorney’s fees, court costs, broker price opinions, inspections, and lot rent.

Default and bankruptcy costs reflect the amount of the invoice paid to third party vendors for a service performed.

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Type
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Description
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Amount Charged
 Valuations Costs
Broker Price Option (BPO) / Property Evaluations 1, 2, 3, 4   Real estate brokers or other qualified individuals are asked to provide an estimate of the market value of property. $0.00 – $500.00 per event
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Appraisal 1, 2, 3, 4 We ask appraisers for an appraisal of fair market value based on an inspection of the interior and/or exterior of a property. $0.00 – $900.00 per event
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Automated Valuation Model (AVM) 1, 2 The estimated market value of the property may be determined by using statistical data pertaining to the area where the property is located. $0.00 – $50.00 per event
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  Inspection Costs
Inspection 1, 2, 4 Inspections are performed to ensure that your property is occupied and appropriately maintained. $0.00 – $50.00 per event
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  Property Preservation Costs
Photos Contractors may take photographs to document property conditions and/or property preservation services performed. $0.00 – $30.00 per maintenance event
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Securing the Property 1, 2, 3, 4, 5, 10 If the property is vacant and/or abandoned, contractors may be hired to secure the property including, but not limited to, re-keying locks, securing doors, installing security doors with padlocks, and/or boarding garage doors or windows. $0.00 – $2,650.00 per event
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Registration and Service Fees 4, 12 If registration and service fees are required by the municipality, we will pay them and may assess actual costs to the account. Based upon a bid by third party contractors and only charged for the amount specified in the note or contract, as permitted by applicable federal, state and local requirements.  The amount varies by state.
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Securing In-Ground and Above Ground Pools, Spas, Jacuzzis and Hot Tubs 1, 2, 3, 4, 5, 10 Secure pools, spas, Jacuzzis and/or hot tubs.  Services may include but are not limited to securing, covering, draining, disassembling, chlorinating and/or boarding. $0.00 – $2,600.00 per event
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Lawn Care / Snow Removal 1, 2, 3, 4, 5, 10 If the property is vacant and/or abandoned, contractors may be retained to perform lawn care or snow removal. Services may include periodically watering, trimming shrubs and/or cutting the grass. Snow removal may include removing snow from the entry walk, porch and/or driveway. $0.00 – $500.00 per event
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Plumbing, Electrical, Heating & Cooling Systems Maintenance & Repair 1, 2, 3, 4, 10 If the property is vacant and/or abandoned, we may have contractors repair and/or maintain the systems on the property, including the plumbing, electrical, heating and cooling systems. Based upon a bid by third party contractors.
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Winterize / De-winterize 1, 2, 3, 4, 10 If the property is vacant and/or abandoned, steps may be taken to protect the property from winter elements.  Services may include, but are not limited to, draining plumbing and heating systems, maintaining water services to houses where a community water service is involved, and/or turning off water supply to the property, and may include the use of air pressure and/or adding anti-freeze to prevent freeze-up. $0.00 – $2,000.00 per event
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Debris Removal / Personal Property / Vehicle Removal 1, 2, 3, 4, 10 If the property is vacant and/or abandoned, contractors may be retained to remove debris. Services may include, but are not limited to, the removal of hazardous or non-hazardous material, trash, or personal property left behind (including non-functioning appliances, abandoned automobiles, boats, motorcycles, recreational vehicles and trailers or personal property). Based upon a bid by third party contractors
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Utilities 4, 11 If the property is vacant and/or abandoned, we may make water, electric and/or gas utility payments directly to the utility company and may assess the actual amount to the account. Amount of utility bill plus any applicable transfer fees/costs
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Damage Repairs 1, 2, 3, 4, 5, 10 If the property is vacant and/or abandoned, we may have a contractor conduct repairs to address and fix identified damages to a property or otherwise take measures to prevent further damage from occurring. Based upon a bid by third party contractors
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  Health & Safety Costs
Cleaning 1, 2, 3, 4, 10 If the property is vacant and/or abandoned, contractors may provide cleaning services to address any health and/or safety issues.  Services may include, but are not limited to, general cleaning, cleaning refrigerators, stand alone freezers, and toilets. Based upon a bid by third party contractors
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Mold Remediation or Treatment 1, 2, 4, 5, 9 If the property is vacant and/or abandoned, services may be provided to treat or remediate mold or mold related damage and/or deterioration of the property.  Molds, fungus, mildew, and similar organisms (“Mold Conditions”) may exist in the property of which the servicer is unaware and has no actual knowledge.  No representation or warranty is made in regard to the effectiveness of any treatment or remediation action which may be taken. Based upon a bid by third party contractors
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Capping Gas, Water, Sewer, Electrical 1, 2, 3, 4, 10 If the property is vacant and/or abandoned, contractors may cap gas, water, sewer lines or exposed electrical wires. Based upon a bid by third party contractors
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Extermination & Pest Control Services, Termite Inspections and/or treatment 1, 2, 4, 9 If the property is vacant and/or abandoned, we may coordinate fumigation by a professional extermination company.  Services may include, but are not limited to, removal of vermin or other animals, termite inspection and/or treatment. Based upon a bid by third party contractors
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  Foreclosure Costs
Attorney / Trustee Costs 6 These are attorney costs incurred and assessed with respect to the foreclosure or default process.  Trustee costs may be charged in non-judicial states. $0.00 – $4,250.00 per each foreclosure action
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Process Server 7 A process servicer may notify all parties in person of interest of legal action in accordance with appropriate legal standards. $0.00 – $1,400.00 per each foreclosure action
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Publication / Posting 8 We may be required to advertise or publish notice of a foreclosure sale. $0.00 – $2,100.00 per each foreclosure action
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  Title Costs
Title Search Cost 1, 2 Title search or abstract of title cost.  $0.00 – $750.00 per each foreclosure action
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Title Update Report 1, 2 The trustee/foreclosure attorney may order a continuation of title report to use as a basis for securitizing title and the identification of persons with an interest in the property.  $0.00 – $200.00 per each foreclosure action
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Title Cost 1, 2 This is the cost for a title report, utilized by the trustee or foreclosure attorney.  The cost may be based on unpaid principal balance (UPB).  Prior to initiating the foreclosure action, we must confirm lien position and interested parties. $0.00 – $1,200.00 per each foreclosure action
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  Bankruptcy Costs
Bankruptcy Costs 6 Once a bankruptcy is filed, attorney costs may be incurred as part of the bankruptcy process. $0.00 – $2,000.00 per each bankruptcy action
 
Assumption Costs Conveyance of the terms and balance of the existing mortgage to the Assumptor. The Assumption Agreement may or may not include a release of liability by the previous note signer. $125.00 – $500.00

1 Cost is based on the market price for such services in a particular state/locale.

2 There may be an additional charge if the service is performed on a rush basis or ongoing maintenance is required.

3 Cost may exceed the stated range under extraordinary situations including, but not limited to, nonconforming properties, proposed construction, beach, canyon, rural and remote locations atypical large gross living areas and over-improvements.

4 Vendor service fees, typically referred to as trip charges, may be assessed in conjunction with a service if the third party performing the service is unable to gain access to the property (e.g. third party contracted to perform lawn maintenance could not gain access to a property located within a gated community).

5 Costs may vary depending on local ordinances.

6 Cost represents the actual amount charged by the attorney or trustee for work performed. Attorney/trustee costs can vary based on the amount of time spent or the issues raised during the process, among other factors. This does not include related costs including, but not limited to, filing fees, court costs, or other administrative or direct pass thru expenses which may be assessed by the courts. Depending on the circumstances—including the jurisdiction, local practice, the legal rates in the location, the character of the proceeding and whether the matter is contested and the course of any bankruptcy proceeding, multiple filings or objections to plans, among other factors, costs could exceed the stated range.

7 Process server costs vary based on several factors, including the number of parties that must be served and the difficulty of achieving service (e.g. the cost may be higher if a party is avoiding servicer, is difficult to locate, or is distant from the forum).

8 Publication/posting costs vary based on the publication method used and/or selected that may be required to meet local or legal requirements, among other factors.

9 The amount for these costs varies widely and is dependent on many factors, including the nature and extent of the work performed or services provided, the location of the property, size of the residence, character of the infestation or contamination.

10 Costs may exceed the stated range under extraordinary situations including, but not limited to, emergency services, large lots, extensive landscaping, the size or condition of the systems and location, the amount of personal property or condition of the property and location, the character or extent of any damage, local ordinances, or the term during which the property remains subject to default.

11 Utility costs are passed through based on actual utility company billing. Depending on the circumstances – such as the billing rates or consumption rate – the charges can vary widely.

12 Registration and service fees are passed through based on actual charges assessed by the local municipality.