How should the interest portion of a monthly payment be calculated?
The servicer must calculate the mortgage interest portion of the monthly payment as follows, in accordance with C-1.1-01, Servicer Responsibilities for...
What are the servicer responsibilities related to collecting advances when a mortgage loan is paid in full?
When a mortgage loan is paid in full, the servicer is responsible for collecting any advances made on behalf of the borrower along with the mortgage loan...
How should the amount of interest be calculated on a payoff?
In accordance with C-1.1-01, Servicer Responsibilities for Processing Mortgage Loan Payments, the servicer must calculate the amount of interest charged...