Fannie Mae to Enhance its Excess Servicing Fee Disclosures
Effective March 6, 2023, Fannie Mae is introducing enhancements to the excess servicing fee (ESF) multiclass disclosures files. The enhancements include adding five new stratifications to the excess servicing fee security supplemental files to better align the excess servicing fee disclosures with the MBS/UMBS disclosures, relabeling two existing fields in the ESF Security Supplemental files, and adding two new fields in the ESF Security File and adding them to record types 2 - 25 in the ESF Security Supplemental files to represent the aggregate UPB and the aggregate UPB percentage. The files that are impacted with the changes are:
- Excess Servicing Fee Security Issuance File
- Excess Servicing Fee Security Supplemental Issuance File
- Excess Servicing Fee Monthly Security Factor File
- Excess Servicing Fee Monthly Security Supplemental File
The Excess Servicing Fee file format changes can be found here and are listed in the Single-Family MBS Disclosure Guide.
Sample Excess Servicing Fee file
For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.