Common use of Statements to Owner Clause in Contracts

Statements to Owner. (a) Not later than the tenth calendar day of each month, the Servicer shall furnish to the Owner a monthly statement (a "Monthly Remittance Advice") containing such information in the form required by the Owner, or its designee, in hard copy or electronic medium mutually acceptable to the parties as to the accompanying remittance and the period ending on the preceding Determination Date. (b) In addition, such Monthly Remittance Advice shall track, on a monthly basis, the Mortgage Interest Rate and the delinquency status of the Mortgage Loans. A cumulative delinquency report shall be provided to the Owner upon the Owner's request. Beginning with calendar year 2001, the Servicer shall prepare and file any and all tax returns, information statements or other filings for the tax year 2000 and subsequent tax years required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time.

Statements to Owner. (a) Not later than the tenth calendar day of each monthRemittance Date, the Servicer shall furnish to the Owner a monthly statement (a "Monthly Remittance Advice") containing such information in the form of FNMA form 2010 or such other form as shall be required by the Owner, FNMA Guides or its designee, by the Owner in hard copy or electronic medium mutually acceptable to the parties as to the accompanying remittance and the period ending on the preceding Determination Date. (b) In addition, such Monthly Remittance Advice shall track, on a monthly basis, the Mortgage Interest Rate and the delinquency status of the Mortgage Loans. A cumulative delinquency report shall be provided to the Owner upon the Owner's request. Beginning with calendar year 2001, the Servicer shall prepare and file any and all tax returns, information statements or other filings for the tax year 2000 and subsequent tax years required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time.