FNMA Servicing Guide A2-3-04 / A2-3-05 / A2-3-06 — Late Charge Reporting / Prohibited & Allowable Servicing Fees / Prepayment Premiums
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.
Verbatim regulatory text
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.
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:
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.
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.
Operationalizing FNMA Servicing Guide A2-3-04 / A2-3-05 / A2-3-06 — Late Charge Reporting / Prohibited & Allowable Servicing Fees / Prepayment Premiums
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/fnma-svc-a2-3-fees/
· register fnma-svc-a2-3-fees · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.