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My mortgage has been owned by 3 different lenders last year. Will I get 1099 forms from each one, or only one?

Bank of America now holds the mortgage but they are the 3rd one to own it and will most likely keep it for the rest of the 30 year note. However, will I get 1099 forms from the other 2 lenders or is it all transferred to Bank of America?

Cameron,

My mortgage has been passed around recently as well. In the past I received 1099s from each company who owned my mortgage. I looked into this and found that each one is *required* to if they received a payment check from you. The 1099 is a report of the interest you paid on your mortgage, and a part of each check that you send them is interest you paid to the lender and must be reported through the 1099.

Thus you can expect a 1099 from each lender that owned your mortgage (assuming each of them owned it for more than 1 month and thus received a payment check from you). I hope this helps.

John

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