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Non-Tech : Income Investing
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To: Elroy who wrote (5013)3/20/2013 10:09:22 AM
From: MCsweet  Read Replies (1) of 52115
 
Re:

As part of the monthly payment of the mortgage, the servicer (the one who sends you your statements) receives a fee. The servicer and lender need not be the same entity, but often they are.

This fee is not on top of the principal and interest payment, but is taken out of those fees.

MC
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