Mortgage Statement & Escrow Guide

Checking your monthly mortgage statement and fixing what is wrong

The year-end 1098

Statement answer

Each year the servicer reports mortgage interest paid on Form 1098. Compare it with your December statement and escrow records; if the loan moved to a new servicer, you may get two forms. Ask the servicer to correct a form that does not match.

Last reviewed against the primary sources listed below.

Two servicers in one year

Each reports only the interest it received.

Statement questions

Why did I get two 1098 forms?

The loan was likely transferred during the year.

CFPB and IRS sources

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