Fees for Subordinate Financing

The BorrowerBorrowerPerson who is the obligor per the Note. must pay the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. a $2,500 review fee.  The ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. may increase or decrease its fee at its discretion.  No Fannie Mae review fees are due.  The ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. may also seek reimbursement from the BorrowerBorrowerPerson who is the obligor per the Note. for all reasonable out-of-pocket costs, including reasonable legal fees incurred by Servicer’sServicer’sPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. counsel.

If Fannie Mae outside counsel is engaged, the BorrowerBorrowerPerson who is the obligor per the Note. must pay its fee, estimated at $2,500 for Subordinate Financing requests.  The actual legal fee may be higher or lower, depending on the ultimate scope of the request and the time necessary to resolve.  The ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. will receive a summary invoice directly from Fannie Mae outside counsel and must arrange for payment.  The ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. will be apprised of any likely increases in the estimated review fee.  The estimated legal fee must be collected from the BorrowerBorrowerPerson who is the obligor per the Note. before engaging Fannie Mae outside counsel.