Freddie Mac raises some reimbursement limits for some fees

Freddie Mac is instituting higher limits for amounts it will reimburse for attorney costs associated with uncontested distressed mortgage resolutions, including mediation, and certain bankruptcy services.

Specific amounts include $650 for preparing and recording a loan released after a deed-in-lieu of foreclosure gets completed, according to a bulletin. The limit for a premediation conference is $350 when there’s a determination after it’s held that an initial hearing isn’t necessary. 

Limits for attorney fees related to bankruptcy services now go as high as $1,350 for a  Chapter 11, 12 or 13 motion for relief from stay. Bankruptcy cases must be closed prior to filing the motion and be documented as required. That’s up from 2022, when that maximum was $1,150.

Freddie additionally is…