Timeline Management Metric Definitions

Credit Performance

Transition to Beyond Time Frame

The Transition to Beyond Time Frame metric measures the number of loans within 180 days of the state foreclosure time frame that transition to a beyond time frame status over a six-month reporting period. For example, if a servicer had 200 loans within 180-days of the state foreclosure time frame at the end of March, and as of September month end, 80 of these loans were still active and beyond the allowable foreclosure time frames, the Transition to Beyond Time Frame rate would be 40% for September Scorecard.

Servicer Capability Framework

Compensatory Fee Metric

As part of Servicing Guide updates on revised compensatory fee requirements for delays in the liquidation process effective January 1, 2019, a set of compensatory fee metrics were introduced in the STAR Scorecard. While not included in the overall performance rating, the compensatory fee metric is listed in the SCF section of the STAR Scorecard for tracking and awareness purposes. The compensatory fee metric measures, by servicer, the magnitude and severity of mortgage loans that exceed allowable foreclosure time frames. A servicer will be subject to a mortgage loan-level review if for three consecutive months either:

1. Percentage Above Timeline: more than 25% of a servicer’s seriously delinquent loans exceed Fannie Mae allowable foreclosure time frames, OR
2. Average Days Above Timeline: average number of days beyond Fannie Mae allowable foreclosure time frames is greater than 650-days for those loans that exceeds Fannie Mae allowable foreclosure time frames.