Countrywide and other large servicers could realize a substantial boost in profitability and less volatile earnings if the standard servicing fee were cut in half, according to a new analysis by Lehman Brothers. Countrywide officers have been advocating a lower servicing fee for the conventional conforming mortgages they service for Fannie Mae and Freddie Mac. The standard 25 basis point fee was set at the dawn of Fannie/Freddie securitization, but many industry observers have suggested