Deferred Fees and Deferred Expenses are items that you see in your loan's account history each month. These are the total of all of the fees and expenses for your loan and are amoritized over the life of the loan.
If you see a larger amount of deferred fees and deferred expenses, this probably means your loan has been sold. However, Third Federal never sells the servicing of its loans so always contact us if you have any questions or issues regarding your loan.