Where does the Servicer remit the monies

ABN AMRO services approximately 1.5 million loans aggregating more than $180 billion of unpaid mortgage principal balances making ABN the 7th largest servicer in the United States in 2002.

Escrow

Principal

Interest

Escrow

Principal

The Servicer holds these funds as a non-interest bearing deposit (escrow) until payment to tax or insurance entities.

The Servicer holds these funds as non-interest bearing deposits (float) until remitted to the agent and investor (monthly).

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